Winter has settled across Australia, so brew your favourite mug of coffee/tea, pull up a blanket, and let today’s InsurTech dispatch chase away the chill.
If you’re new to the list—welcome aboard! 👋 This fortnightly newsletter distils the most compelling #insurtech and #insurance stories of the past two weeks straight to your inbox. Like what you read? Hit subscribe so you never miss a beat.
With housekeeping out of the way, let’s unwrap this edition’s standout headlines…
Now, let’s dive into this edition’s top picks…
In this edition’s news:
🌱Carbon Credit Insurance Framework goes live
Verra and Gold Standard have released frameworks allowing the use of insurance for carbon credits under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). Insurance broker Howden has been appointed by Verra and Gold Standard to approve insurance policies on their behalf. What’s carbon insurance? Check out this webinar.
🐨Koala goes to Ireland
Paris based travel InsurTech Koala has been acquired by Ireland’s CarTrawler! Koala (not to be confused with the beloved Australian marsupial) helps distribute travel insurance products including Cancel for Any Reason, Travel Delay and Missed Connection.
🚀InsurTech Gateway secures Lloyd’s broker status
InsurTech Gateway has been authorised to trade in the Lloyd’s market after obtaining Lloyd’s broker status! The development enables InsurTech Gateway to secure capacity for its portfolio companies more quickly, as part of a full incubation solution covering compliance, establishment, investment and now capacity.
🤖 EIOPA publishes AI Opinion
The European Insurance and Occupational Pensions Authority (EIOPA) has published an Opinion on AI Governance in Insurance. While directed at supervisors, the Opinion contains a useful information for insurers, particularly in the context of prudential supervision such as business continuity management and risk management.
🔍 Life Insurance Code Review
Ex-Deputy Chair of ASIC, Peter Kell, will lead the Review of the Life Insurance Code of Practice in Australia. The review will commence on 1 October 2025, with a final report due to the Council of Australian Life Insurers by mid 2026. A dedicated website has been set up for the upcoming Life Code of Practice Review: https://lifecodereview.org.au/
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Tim Chan is an insurance & insurtech lawyer at global law firm Norton Rose Fulbright and Founder of The InsurTech Lawyer blog. He regularly advises insurers and startups on emerging legal issues affecting the industry. Follow Tim on Twitter: @timinsydney
Disclaimer: This newsletter provides general information only and does not constitute legal, financial, or other professional advice. It does not address the circumstances of any particular individual or entity. You should seek your own professional advice.
