Welcome to another year of Future Insurer! I hope you also like our new look banner as we spring into another exciting year of #InsurTech news.
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.
Now, let’s dive into this edition’s top picks…
In this edition’s news:
🚀New insurance launches!
It’s exciting to see Australia’s insurance market continue to grow. In the latest news, AmTrust Specialty has announced a local presence, seeking to write legal expenses insurance in Australia. Furthermore, InsurTech Cowbell has entered the Australian market with cyber insurance being written on Zurich paper.
📚BMA consults on new class of insurer
The Bermuda Monetary Authority is consulting on a new class of insurer – Parametric Special Purpose Insurers (PSPIs). It is proposed that the PSPIs will write fully collateralised (re)insurance business and transfers risk via a parametric cover, offering an alternative pathway to registration in Bermuda as an insurer. Interesting to see this news as parametric products continue to expand.
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₿ High Court grants special leave in crypto case
The High Court has granted special leave to appeal the Tasmanian Full Supreme Court decision in Poulton v Conrad [2025] TASFC 7. The case considered the property character of Bitcoin in the context of detinue and conversion, holding that crypto can be “possessed” in the context of these torts. More to come as the courts grapple with classifying crypto!
🌐Cyber security in the spotlight with $2.5M penalty
Cyber security is once again in the spotlight. FIIG Securities Limited has been ordered to pay $2.5 million in pecuniary penalties after the Australian Securities and Investments Commission prosecuted them for failures to protect clients from cyber security threats for more than four years. The Court also ordered the company to undertake a compliance programme involving the engagement of an independent expert.
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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.
