Verisk estimates that Hurricane Ian could drive a re/insurance industry loss of $42-57 bn
Data analytics and risk assessment firm Verisk has estimated that Hurricane Ian could drive a re/insurance industry loss of between $42 billion and $57 billion
Insurance News
Re/insurance industry losses from Hurricane Ian could reach $47bn – CoreLogic
CoreLogic has estimated that the insurance and reinsurance industry losses from Hurricane Ian could reach $47bn.
Hurricane Ian in Florida is unlikely to affect credit for rated P&C reinsurers
Hurricane Ian, which hit Florida in recent days, is unlikely to affect credit for rated P&C reinsurers because of ample capital levels and the ability to increase premium rates
Polish Financial Supervision Authority issued recommendations about MTPL insurance claim
The new recommendations of the Polish Financial Supervision Authority (KNF), concerning the liquidation of motor insurance claims
Insured losses from Hurricane Fiona are predicted to be between $300 mn to $700 mn
Hurricane Fiona has caused loss of life, extensive property damage, flight cancellations and power loss for hundreds of thousands of homes across Atlantic Canada
Marine & Energy division RB Jones acquires Smart Cargo Insurance business from Corvus
Specialty risk coverage solutions provider RB Jones announced its Marine & Energy division acquired the Smart Cargo Insurance business from Corvus Insurance
How the Poseidon Principles for Marine Insurance create a benefits for insurers?
Marine insurers have agreed to increase the standards by which they measure climate alignment in the maritime industry
McDonald’s moves global insurance operation from Dublin to Bermuda
McDonald’s is moving its global insurance operation to Bermuda from Dublin and is tailing off its Irish vehicle, says a report from the Irish Independent
Japanese Life Insurance Industry will grow to $313 bn in 2026
Japanese life insurers face a series of tough challenges over the next five years because of the country’s ageing demographic and economic factors
Insurers need partners to reduce the threat flooding poses to life and property worldwide
Insurance Information Institute have stated that insurers need partners to reduce the threat flooding poses to life and property worldwide
Medicare insurance broker GoHealth receives $50 mn investment
Medicare-focused online insurance broker GoHealth has received a $50 million private investment
CEO Vienna Insurance Group Elisabeth Stadler will retire in 2023
VIG’s Deputy CEO and Deputy Chairman of the Board Hartwig Loeger, ex-Federal Finance Minister and short-term Chancellor, may become the Austrian Group’s CEO
Norbert Rollinger – President of the German Insurance Association (GDV)
Norbert Rollinger is the new President of the German Insurance Association (GDV). The Executive Committee elected the CEO of R+V Versicherung AG to head the association
The Vermont Supreme Court revives a military shipbuilder’s lawsuit for BI insurance coverage
The Vermont Supreme Court has revived a military shipbuilder’s lawsuit for insurance coverage of lost income and extra expenses incurred during the COVID-19 pandemic
India’s life insurance market swelles by 11% CAGR
The growth of India’s Life insurance market has reported a CAGR of 11% in the sector that has occurred consistently, between 2017 and 2022
Generali reaches an agreement to buy the former MetLife pension business in Poland
Generali announced that it has reached an agreement with NN Group to buy the former MetLife pension business in Poland
U.S. D&O insurance results have improved
U.S. Directors & Officers (D&O) insurance results in the first half of 2025 have improved, though premium growth has stalled
Verisk Maplecroft launches new Industry Risk Analytics
Verisk Maplecroft, a global risk analytics business of Verisk, has launched its new Industry Risk Analytics to provide companies, insurers, and financial institutions
EU supervision of third-party litigation funding insurance sector could benefit
The European Parliament plenary session adopted MEP Axel Voss’ own initiative legislative report on responsible third-party litigation funding (TPLF)
Sun Life Insurance is acquiring a 51% Advisors Asset Management for $214 mn
Sun Life Financial is acquiring a majority stake in the US-based retail distribution firm Advisors Asset Management (AAM).
Fitch: European insurance sector outlooks could move to deteriorating
Several European insurance sector outlooks could move to ‘deteriorating’ if high inflation persists and interest rate rises become more significant
AIG launches IPO of its majority-owned subsidiary, Corebridge Financial
American International Group (AIG) has launched the initial public offering (IPO) of its majority-owned subsidiary, Corebridge Financial.
7-10% of Bulgarian homeowners insured against damages from natural disasters
A torrential rain caused rivers and streams to overflow flooding several villages in Bulgarian Plovdiv Province on September 2022, leaving over 500 people in need of safe
US life and health reinsurers’ earnings suffered from adverse mortality trends
According to AM Best, companies within the global life/annuity and health reinsurance segments are adopting different approaches as they react to elevated mortality trends
QBE will underwrite telematics insurtech Zego’s behavior-led fleet product
QBE Insurance will underwrite Zego’s behavior-led fleet product, which leverages telematics data to assess a fleet’s risk profile
US and Bermuda reinsurers have seen strong operating returns
US and Bermuda reinsurers have seen strong operating returns in the first half of 2022 with the conflict in Ukraine contributing to “modest” losses
Malaysian insurance market will reach $27 bin in 2026
Led by the life insurance and pension segment the Malaysian insurance industry will reach $26.7 billion in 2026.
Catastrophe losses and pandemic risk have fuelled an increase in insurance protection
Reinsurance earnings will be strengthened by increasing prices and higher investment income amid rising interest rates
Reinsurance pricing will remain strong regardless of a hurricane season
Analysts at Morgan Stanley have said reinsurance pricing will remain strong regardless of a potentially benign hurricane season in 2022
Insurers estimates that $5.3 bn is the cost of floods in Australia
The Insurance Council of Australia (ICA) has estimated that $5.28 billion is the cost of this year’s floods across South-East Queensland and northern New South Wales
UNIQA Insurance Group generated earnings of EUR 169 mn
In 1H2022, the UNIQA Insurance Group generated earnings before taxes of EUR 169 million, by 22% lower y-o-y, under the impact of the exposure to Russian bonds
Insurers distanced from EACOP, crude oil pipeline Uganda-Tanzania
A number of European insurers have ruled out underwriting a proposed crude oil pipeline linking Uganda’s oil fields with the Tanzanian port of Tanga
Why average net combined ratio from P&C reinsurance deteriorated?
Europe’s big four average net combined ratio from property and casualty (P&C) reinsurance deteriorated to 98.9% from 95.5% a year earlier
Results of the driver awareness and road accidents survey by Polish Chamber of Insurance
Driver awareness survey organized by the Polish Chamber of Insurance (PIU) consider that speeding by 30 km/h is not dangerous despite being one of the main causes of road accidents
Cyber insurtech At-Bay is acquiring startup Relay – digital placement solution
Cyber insurance provider At-Bay is to acquire Relay, a Toronto-based technology solutions provider which is enabling the digital transformation of commercial insurance
European insurers call for greater clarity and improvements to draft IAIS criteria
Insurance Europe has responded to a consultation conducted by the International Association of IAIS on draft criteria to assess whether the Aggregation Method
Ping An Insurance launches PingAn-3, the company’s first earth observation satellite
Ping An Insurance Company of China has launched PingAn-3 – also known as Taijing-1 01 – the company’s first earth observation optical remote sensing satellite
Rising inflation in Europe will hurt the profitability of insurers
Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in the last 25 years, will hurt the profitability of general insurers over the next two years
Russia-Ukraine war is driving conservative reserving in global reinsurance
Greater uncertainty arising from global issues, like the COVID-19 pandemic and the Russia-Ukraine war, is driving more conservative reserving approaches in the global reinsurance industry
Aflac launches short-term disability product with mental health coverage
Insurer Aflac announced the launch of its newly enhanced Aflac Individual Short-Term Disability Insurance. The company’s income protection insurance product
The new factors driving growth in the US property & casualty insurance market
Lloyd’s provides an update on the factors driving growth in the US property & casualty (P&C) insurance market.
Which leading insurance price comparison websites dominate UK’s Car Insurance Market
four price comparison websites—Compare the Market, GoCompare, MoneySuperMarket and Confused—dominate the UK’s motor insurance market
Heatwaves & weather-related events account for 11% of home insurance claims
Scorching weather coupled with a lack of rain will create the perfect conditions for wildfires in the UK, and insurers should brace themselves for a rise in home insurance claims
US mortgage insurance underwriting results were strong – Fitch Ratings
Fitch Ratings analysis shows that US mortgage insurance underwriting results in 1H22 were particularly strong as current-year loss activity is in line with pre-pandemic periods.
Inflation Reduction Act (IRA) of 2022 will benefit U.S. Health insurance industry
AM Best is of the view that the Inflation Reduction Act (IRA) of 2022 contains several important provisions for the health insurance industry
NAIC pass a new regulatory standards for the pet insurance industry
The National Association of Insurance Commissioners members pass a Pet Insurance Model Act to establish appropriate regulatory standards for the pet insurance industry
Insurance sector codes in the Bermuda Monetary Authority Act 1969 revised
Insurance sector codes in the Bermuda Monetary Authority Act 1969 have been revised as part of the passing of a bill to amend the BMA Act by adding
Cigna with Oscar expands small business health insurance into the Philadelphia
Cigna Corporation is to expand its Cigna + Oscar small business health insurance into the Philadelphia metro area
Reinsurers continue to actively shrink property cat exposures to avoid perils
A recent AM Best report suggests that companies continue to actively shrink their property cat exposures to avoid perils and reduce volatility
GlobalData warnes insurers to brace themselves for a rise in home insurance claims
Extremely high temperatures coupled with a lack of rain are set to create perfect conditions for wildfires across the UK.
How prolonged economic weakness will impact overall demand for insurance?
Prolonged economic weakness resulting from the energy crisis will impact overall demand for insurance and drive claims costs higher
State Farm announced the expansion of Digital Pay to include insurance claim payouts
U.S. insurer State Farm announced the expansion of its Digital Pay solution to include claim payouts delivered instantly into a customer’s PayPal account
Demex Group launches parametric snowfall insurance program
The Demex Group is announcing the launch of snowfall insurance underwritten by Evanston Insurance Company, a subsidiary of Markel
Stable outlook on the Malaysian Non-Life Insurance Market
The Malaysia non-life insurance market has shown modest expansion, with a five-year average compound annual growth rate of 1.8% in terms of gross premium written from 2017-2021
Florida’s Homeowners Insurers are Facing Fraud Schemes & Underwriting Losses
An issues brief published by the Insurance Information Institute has affirmed that the turmoil in Florida’s homeowners insurance market is due to fraud schemes
Australia Insurance Market Forcast: $73.6 bn premium in 2026
GlobalData has projected that the value of the general insurance industry in Australia could rise to around US$73.6 billion in 2026.
Hungary’s Insurance Market Forcast: $5.7 bn premium in 2025. Industry grows at 6.3% CAGR
Hungary’s insurance industry is projected to grow at a compound annual growth rate (CAGR) of 6.3% from $3.91 bn in 2020 to $5.7 bn in 2025
Insurtech Modern Life launches $15mn of seed funding by Thrive Capital
Modern Life, a tech-enabled life insurance brokerage for advisors, has launched with $15mn of seed funding led by Thrive Capital
European insurers supportes the transition to a more sustainable economy
Insurance Europe and the CFO Forum have made a number of recommendations including the urgent need for a phased introduction
US Insurer Nationwide to launch with Insurtech Brella a new health insurance
Insurance giant Nationwide has partnered with insurtech Brella to launch a supplemental health insurance plan that covers out-of-pocket expenses
The EU delayed parts of the AI Act as US AI funding surged, widening Europe's gap in capital, compute, talent and data for startups
The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
The US P&C insurance industry recorded a $16.3 bn net underwriting gain in the first three months of 2026, up significantly from a $1 bn loss recorded in the prior-year period
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors