Most insurance customers trust AI for simple tasks, not pricing or claims
A J.D. Power survey shows customers accept AI for routine insurance tasks but doubt insurers share its benefits, with strong resistance to AI pricing and claims decisions
InsurTech News
ICEYE adds five SAR satellites to boost catastrophe insight for insurers
ICEYE launches five new SAR satellites on SpaceX’s Transporter-15 to expand rapid, high-resolution imaging for insurers and government missions
mea Platform and Regenvita partner to speed AI adoption in Scandinavia
mea Platform teams with Regenvita to push AI-driven automation across Nordic insurers, targeting underwriting, claims, and finance operations
Redkik and Cargors team up to deliver data-driven cargo insurance into digital workflows
Redkik partners with Cargors to embed instant, data-driven cargo insurance into digital road-transport workflows for SMEs and enterprise shippers
Insurtech Neutrinos unveils venture studio and global “Reimagining Risk” challenge
Neutrinos launches a venture studio and a global risk-focused startup challenge to speed AI-native innovation for insurers and financial institutions
Insurers push into AI-agent failures as demand surges for new coverage
Insurers enter the AI-agent risk market with new standards, certifications and liability cover as businesses seek protection from costly failures
Insurtech Liablix raised €1.2 mn to scale automated motor-claims analysis tech
Liablix secures €1.2 mn pre-seed to expand its AI-driven motor-claims platform built for insurers seeking accuracy, speed, and fraud reduction
Convr marks 10 years of AI underwriting with expanded submission ontology
Convr celebrates a decade of its commercial P&C submission ontology, now powering unified data, workflows, and risk insights across underwriting teams
MCP-enabled AI tools triggers new systemic cyber threats for insurers
KYND warns MCP-enabled AI tools open hidden attack surfaces and demand continuous monitoring, richer data, and tighter AI policy wording
PolicyMe and Embark link insurance and education savings for Canadian families
PolicyMe partners with Embark to connect RESP planning with digital life insurance, giving Canadian families a fuller approach to long-term financial security
Curative secures $150 mn Series B to scale its $0-cost insurance model
Curative raises $150mn at a $1.275bn valuation to expand its $0-out-of-pocket health plan, boost AI-driven member tools, and grow beyond Texas, Florida and Georgia
Carpe Data plugs its insurance fraud tools into Verisk ClaimSearch network
Carpe Data integrates its injury-claims fraud tools into Verisk ClaimSearch, giving insurers faster access to alerts, reports and automated monitoring
LifeSearch launches UK’s first fully digital in-journey life insurance trust
LifeSearch adds a digital trust engine to its online life insurance journey, aiming to place most policies in trust and close a major protection gap
Insurers race to tackle “silent AI” exposures with new wordings, products
DAC Beachcroft says silent AI risk is reshaping policy wordings, products and reinsurance as agentic AI, fraud and regulatory gaps fuel 2026 challenges
US insurers add generative AI exclusions as regulators approve new forms
Filings show carriers adopting ISO-based generative AI exclusions in commercial policies, with regulators in multiple states signing off on the updates
Decentralised reinsurance protocol Re unlocks $134 mn in on-chain reinsurance
Re authorises $134 mn in fully collateralised reinsurance across new and renewed programs, signalling deeper traction for its blockchain-backed model
Kenya’s Insurance Regulator drafts tighter digital insurance rules as insurtech accelerates
Kenya’s IRA readies new cybersecurity and data rules, aligning with Africa’s broader insurtech push while supporting digital insurance for underserved groups
FSD Africa sets up $30 mn 3iF fund to back early African insurtech startups
FSD Africa launches a $30 mn Inclusive Insurtech Fund to boost early-stage African insurtech, expand access and spur climate, health and financial inclusion
Insurtech Roojai pulls in $60 mn Series C to scale Thai and Indonesian expansion
Roojai secures $60 mn in Series C funding from Apis Partners and Asia Partners to push regional growth, new products and strategic M&A
Humbrela secured €161 k to scale AI platform unifying insurance data
Swiss startup Humbrela raises €161k to enhance its AI platform that consolidates insurance and warranty data for brokers, MGAs and wholesalers.
Insurtech Majesco to acquire Vitech, expanding into pensions and boosting AI portfolio
Majesco will buy Vitech, adding pension and benefits tech and expanding its AI-driven platform across P&C and L&AH markets
Insurers move to ring-fence AI liability as systemic failure fears rise
AIG, Berkley, and Great American seek AI liability exclusions as high-profile failures fuel concerns over correlated, system-wide insurance losses
Xerox launched TriShield 360 with Hartford cyber insurance solution for SMBs
Xerox enters bundled security-plus-insurance with TriShield 360, pairing Cortex XDR, Lumifi SOC, and Hartford cyber coverage for SMBs and MSSPs
Insurtech Counterpart expands AI liability coverage as small-business risks climb
Counterpart adds affirmative AI and tech E&O coverage to close gaps left by traditional liability policies as AI use surges among small businesses
Six more states approve ZestyAI’s SCS risk models for insurer filings
ZestyAI’s hail and wind models gain approval in six states, expanding the company’s SCS Suite to 29 states for carrier rate and underwriting use
Insurity expands AI power with Andromeda release and $50 mn R&D push
Insurity launches its Andromeda release, adding new AI automation, transparency tools, and risk capabilities as part of its $50mn R&D investment
Insurers hit by rise in digital manipulation tactics from litigation funders
NICB says TPLF marketers use impersonation, AI content, and search diversion to steer policyholders toward costly litigation and inflated claims
OpenIDL launches first open insurance data standard with industry backing
openIDL releases the free openIDS Homeowners Standard v1.0, aiming to unify insurance data and improve reporting, compliance, and interoperability
Insurtech Modern Life raised $20 mn to scale its AI powered life insurance platform
Modern Life secures $20mn Series A led by Thrive Capital to grow its AI driven brokerage platform and expand partnerships across the U.S.
HawkSoft partners with Liberate to bring voice driven AI into agencies
HawkSoft teams with Liberate to embed voice AI for automated service, quoting, and call routing directly inside its agency management system
Insurtech Federato raised $100 mn as insurers shift from legacy cores to AI native
Federato lands $100mn Series D led by Goldman Sachs Alternatives to scale its AI native policy lifecycle platform and expand globally
Zurich teams with Quantexa to boost real time fraud detection in UK
Zurich becomes the first UK insurer to deploy Quantexa’s AI platform, pushing real time fraud detection across multiple business lines
CUBE buys Kodex AI to fuse agentic tech into unified compliance stack
CUBE acquires Berlin’s Kodex AI, adding agentic co-worker capabilities and expanding its European footprint across compliance and risk
Insurtech Pibit AI secured $7 mn to speed US underwriting with its vertical AI stack
Insurtech Pibit AI raises $7mn led by Stellaris to scale its underwriting AI and expand into Europe and India
China’s insurers push AI, NEV data partnerships and chase new nonlife growth
AM Best’s James Chan says China’s insurers lean on AI, stricter rules and NEV data partnerships as motor, health, liability and green sectors expand
JPMorgan lets managers use AI for reviews, raising trust and bias concerns
JPMorgan allows AI generated performance review assistance, prompting debate over fairness, authenticity and how far automation should shape employee feedback.
Aave launches high yield savings app with 9% rates and $1 mn insured backing
Aave’s app offers up to 9% yields with insurance backed protection, aiming to challenge banks and fintech rivals with safer, lower risk DeFi rails
INSTANDA joins Insevo to speed insurance digitalisation across the Nordics
INSTANDA partners with Insevo to expand its no code platform across Nordic markets, boosting rapid product launches and insurer experimentation
Insurtech Laka secured £6.5 mn debt facility to accelerate European green mobility push
Laka adds £6.5m from HSBC Innovation Banking to drive EU expansion, M&A activity and leadership in the fast growing micromobility insurance market
RIQ and Masdar partner to build AI driven reinsurance for clean energy
RIQ and Masdar sign a three year MoU to co develop AI powered reinsurance capacity for global clean energy risks and capital efficient project growth
Insurtech Anzen raised $16 mn Series A to scale AI platform reshaping commercial insurance
Anzen secures $16mn Series A to expand AI powered workflows, deepen carrier integrations and launch Anzen Pro for unified commercial insurance distribution
Insurtech District Cover raises $6 mn to expand urban insurance access across the US
District Cover secures $6mn to scale its platform, expand products, and boost insurance access for underserved urban businesses nationwide
CyberCube links with Envoy Insure to power real time cyber risk analytics
CyberCube’s analytics plug into Envoy Insure’s broker platform, adding real time cyber risk metrics to multi carrier quote comparisons and proposals
CERPRO raises €2 mn to speed up QA with AI driven technical drawing software
German startup CERPRO lands €2mn to scale QualiSpec, its AI tool that automates inspection planning and modernises QA for complex manufacturers
Fintech Zelis expands ZAPP into P&C insurance via partnership with Duck Creek
Zelis integrates its Advanced Payment Platform with Duck Creek to speed P&C payment processing, cutting integration time from months to weeks
Insurtech Policybazaar launches reinsurance across Sri Lanka, Qatar, Oman, UAE
Policybazaar expands into Sri Lanka, Qatar, Oman, and UAE with a tech-led reinsurance model built to speed placements and modernize emerging markets
Hanwha Life hosts FuturePlus FinTech training for Vietnamese students
Hanwha Life welcomes 30 top Vietnamese FinTech students to South Korea for a five-day FuturePlus training program focused on AI, InsurTech, and innovation
UK gadget insurance hits record 8.46 mn policies as device prices soar
Gadget insurance in the UK jumps 7.5% to 8.46 mn policies in 2024, with premiums up 22% as rising smartphone and wearable costs fuel strong consumer demand
mea Platform launches AI suite to cut (re)insurance operating costs
mea Platform unveils mea Operations, an AI suite that automates underwriting, claims, and finance to slash (re)insurance costs by up to 50%
Insurtech Radity partners with Bridger to build next-gen insurance platform
Swiss InsurTech Radity teams with Bridger Insurance to launch a next-gen digital distribution platform, streamlining auto insurance operations and agent workflows
Insurtech Fintary raises $10 mn to automate insurance commission operations
Fintary secures $10m Series A led by Infinity Ventures to expand its AI platform that automates insurance commission and financial management
Insurtech Hippo posts $98.1 mn Q3 profit after homebuilder sale, underwriting gains
Hippo swung to $98.1 mn Q3 profit from an $8.5 mn loss, driven by a $91 mn homebuilder network sale and strong casualty and commercial line growth
Lemonade narrows Q3 2025 net loss 45% to $37.5 mn as AI cuts expenses
Lemonade’s Q3 net loss fell 45% to $37.5 mn as AI-driven automation cut loss adjustment costs and premiums more than doubled year over year
AWS outage dubbed “Amazonk” may cost cyber insurers up to $581 mn
CyberCube estimates AWS outage losses at $38mn-$581mn, with most impact clustering low. Over 70,000 firms hit, insurers view risks as manageable
Cambridge Mobile Telematics and TransUnion launch portable driving scores
CMT and TransUnion team up to create portable consumer driving scores, giving drivers control over safe driving data and insurers instant risk visibility
QuickFacts adds BOXX Insurance to expand cyber coverage tools for brokers
QuickFacts partners with BOXX Insurance to give brokers faster access to cyber protection, real-time threat intelligence, and prevention-first insurance solutions
Guidewire to acquire ProNavigator for context-aware intelligence in P&C
Guidewire signs deal to acquire ProNavigator, boosting AI-driven knowledge tools for insurers across sales, underwriting, claims, and customer service teams
Aviva Ventures invests in Indico Data to push AI adoption in insurance
Aviva Ventures invests in Indico Data, boosting AI automation in insurance and expanding adoption across global carriers, including London Market leaders
INSTANDA secures $20 mn to expand InsurTech platform in US and Europe
London InsurTech INSTANDA raises $20m led by CommerzVentures, pushing total funding beyond $85m, fueling AI-driven growth, acquisitions, and US-Europe expansion
Omnix Medical secured $25 mn Series C to advance antibiotic resistance therapies
Jerusalem-based Omnix Medical raises $25 mn Series C, led by Harel Insurance & Finance and the EIC Fund, to push Phase II trials of its lead drug OMN6
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
The first notice of loss (FNOL) is the starting point for every insurance claim. It sets the tone for the entire claims cycle. And for years, this process has been manual
InsurTech funding crossed a significant milestone in Q2 2025, with $60.8bn raised since records began in 2012. The data reflects the scale of investor appetite over 10Y