24 July, 2019 : FinTech Australia & Insurtech Australia are pleased to announce the relaunch of Insurtech Australia, which will now operate as an independent industry association from 1 August 2019.
Insurtech Australia joined FinTech Australia at formation after finding a common vision for their respective member communities. FinTech Australia has provided governance, policy advocacy and operational support to Insurtech Australia since 2017. The partnership has produced a thriving Insurtech Australia which now represents a key value driver for insurance-focused tech startups in Australia.
“For the industry to be at a point where we are able to support sub-industry groups is a great step in the right direction for us,” General Manager of FinTech Australia, Rebecca Schot-Guppy said.
“Our overall goal is to grow the influence and support for fintechs around the country. “We will continue to work closely with insurance tech companies and Insurtech Australia to ensure the best outcomes in this sector going forward.
“This will include representing insurtech’s interests in a regulatory and policy environment including our work on relevant policy such as Open Banking.
“Insurtech companies are welcome to participate with both industry associations.”
Rita Yates, CEO of the newly formed Insurtech Australia, echoes this sentiment.
“We will continue to work alongside FinTech Australia to create the best possible environment for our respective tech startups to thrive, both locally and as a springboard into other markets”
“The ability for us to now operate as an independent organisation is a reflection on the growth of the insurtech ecosystem here in Australia over the past two years. With an active membership and highly engaged set of industry partners, this is an exciting time for us as an organisation.”