An expert view from Applied Systems on the key bottleneck hindering growth for personal lines insurers and how technology can help overcome it.

Austmine, the peak body for Australia's mining equipment, technology and services (METS) sector, is calling on the federal government to explicitly recognise METS innovation in the proposed Innovative Business Capital Gains Tax Concession (IBCC), warning that current policy settings overlook the sector's long development timelines.

Insurtech funding in Asia-Pacific dropped from $9.1B to $4.1B between periods, with India capturing 45% of regional capital. The shift favors technology providers over direct insurers.