Latest Insurance, Reinsurance & InsurTech News

Insurance Europe: EU must stay on course to deliver Solvency II

Insurance Europe has called on the European Commission to ensure that the forthcoming technical work on Solvency II - the EU's prudential regime

26.04.2024

UK insurtech PeppercornAI raised £3.25 mn to propel AI in insurance

AI insurtech PeppercornAI raised £3.25 mn

Insurtech PeppercornAI has raised £3.25 mn in funding from prominent backers, including Wealth Club, EHE, and Angels Invest Wales

26.04.2024

AON acquired of NFP, a middle market P&C insurance broker

AON, a global professional services firm, has completed the acquisition of NFP, a middle market property and casualty broker, benefits consultant

26.04.2024

Insurtech Estaly raised $3.8 mn in seed funding from OneRagtim

Insurtech Estaly has raised $3.8 mn in seed funding from OneRagtime, CDG Invest, and approximately 20 angel investors

26.04.2024

Marsh acquired Fisher Brown Bottrell Insurance

Marsh McLennan Agency announced that it has entered into a definitive agreement to acquire Fisher Brown Bottrell Insurance (FBBINSURANCE)

26.04.2024

Korean Insurers Prepared for Decline in Commercial Real Estate Investment Values

Fitch Ratings asserts that Korean insurers are equipped to handle decreased valuations in their international commercial real estate (CRE) investments

24.04.2024

Pet insurtech Rainwalk announced $4 mn led by ManchestorStory

Pet insurtech Rainwalk Technology, the white-label pet insurance technology provider, announces $4 mn in Seed funding led by ManchestorStory

24.04.2024

Insurtech Faura secured $500k pre-seed for reduce natural disaster risk

Insurtech Faura, which uses climate and property analytics to better understand disaster risk, has raised $500k in its first round of funding to help insurance companies

24.04.2024

Unwritten sequred $3.5 mn in seed funding led by Connect Ventures

Fintech climate startup Unwritten, previously known as Dovetail Finance, has completed a seed funding round, raising $3.5 mn

24.04.2024

Munich Re announced a preliminary net profit of €2.1 bn for Q1 2024

Global reinsurer Munich Re has announced a preliminary net profit of €2.1 billion for Q1 of 2024, as the firm highlights a better than expected operational performance

24.04.2024

Property and casualty insurance earnings will improve in 2024

Property and casualty insurance statutory earnings will materially improve in 2024 amid recovery in personal lines results and only modest deterioration in commercial lines

23.04.2024

UK life insurers announced 2023 results

UK life insurers’ recently announced 2023 results, which featured strong growth in bulk annuity transactions, reinforce the sector’s improving outlook

23.04.2024

PERILS estimated insured loss for Babet-Aline Floods & Storms

PERILS estimated EUR 691 mn insured loss for Babet-Aline Floods & Storms

PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed its third industry loss estimate

22.04.2024

Storms and flooding in Asia/UAE causing significant insured losses

Heavy rainfall, storms, and widespread flooding hit Southwestern Asia, notably the United Arab Emirates, in April, causing significant economic and insured losses

22.04.2024

Swiss Re launches Life Guide Scout, a Generative AI underwriting assistant

Swiss Re launches an augmented version of its Life & Health underwriting manual Life Guide. The new version comes equipped with Swiss Re Life Guide Scout

22.04.2024

Agri-tech startup Pula sequred $20 mn Series B funding led by BlueOrchard

Agri-insurtech Pula sequred $20 mn Series B led by BlueOrchard

Kenyan agricultural insurtech Pula has sequred $20 mn Series B funding round, led by BlueOrchard, to help thousands of smallholder farmers

17.04.2024

Dawn Miller appointed as CCO of Lloyd’s and CEO of Lloyd’s Americas

Lloyd's has announced that Dawn Miller has been appointed as Chief Commercial Officer of Lloyd’s and CEO of Lloyd’s Americas

17.04.2024

Insurtech FloodFlash launched a business interruption insurance

FloodFlash, a parametric insurance technology company, is launching a new product aimed at bolstering business interruption (BI) insurence coverage

17.04.2024

Cyber insurtech Coalition announced Microsoft, Google and AWS integrations

Cyber insurtech Coalition announced new integrations between Coalition Control, its cyber risk management platform, and cloud services providers

17.04.2024

Amazon UK has closed its Amazon Insurance Store initiative

Amazon closed its Insurance Store initiative in the UK

Amazon has closed its Amazon Insurance Store initiative. The platform, which was introduced in October 2022 to facilitate the purchase of home insurance in the UK

17.04.2024

ICEYE secured $93 mn for satellite-powered disaster solutions

ICEYE, a satellite-powered disaster management solutions, has finalised a definitive agreement for an oversubscribed $93 mn growth funding round

17.04.2024

Insurtech Qoala sequred $47 mn funding, led by PayPal Ventures

Qoala, a Indonesian insurance startup, has sequred $47 mn in a funding round, co-led by renowned investors PayPal Ventures and MassMutual Ventures

17.04.2024

Manulife Investment unveiled its first fund dedicated to secondary deals

Manulife Investment Management has unveiled its first fund dedicated to GP-led secondary deals

17.04.2024

AXA Investment Managers acquires W Capital Partners

AXA Investment Managers has agreed to acquire W Capital Partners, a New York-based private equity firm specializing in GP-led and direct secondaries transactions

17.04.2024

Blue Owl Capital acquires Kuvare Asset Management, a insurers’ invest manager

Blue Owl Capital will spend $750 mn to acquire Kuvare Asset Management, a boutique investment management firm that services the insurance industry

17.04.2024

Israeli startup Hailo extended its Series C with $120 mn for running generative AI

Israeli startup Hailo has extended its Series C with $120 mn to develop specialized chips for running generative AI tasks locally

17.04.2024

Swiss Re’s shareholders approved all motions by the Board of Directors

Swiss Re's shareholders approved all motions put forward by the Board of Directors at today's Annual General Meeting (AGM)

12.04.2024

M2 Recovery launched a legal expenses insurance for crypto assets

M2 Recovery has launched a groundbreaking insurance policy, marking the world's first initiative to cover legal expenses associated with reclaiming stolen crypto assets

12.04.2024

Australian insurtech Honey Insurance raised $108 mn in Series A

Australian insurtech startup Honey Insurance, has raised US$108 mn in its Series A funding round, attracting significant interest from investors in the U.S.

12.04.2024

Insurtech platform Novidea sequred an additional $30 mn funding

Insurtech Novidea raised an additional $30 mn funding from HarbourVest Partners. The investment brings total Series C funding round to $80 mn

12.04.2024

MetLife Pet Insurance partnered with Association of Animal Welfare Advancement

MetLife Pet Insurance has partnered with the Association of Animal Welfare Advancement to enhance support for pet owners in managing the care

12.04.2024

European insurtech Laka annonced investment from Achmea

Insurtech Laka, founded in London in 2017, has annonced investment led by Achmea Innovation Fund as part of its strategic move

12.04.2024

Health insurtech CareVoice secured $10 mn funding in Series B

Insurtech CareVoice has secured $10 mn funding in Series B led by Apis Insurtech Fund I. The funding will be used to accelerate the Company’s growt

12.04.2024

Insurtech mTek raised $1.25 mn to boost expansion in African markets

Kenyan Insurtech mTek has sequred $1.25 mn in funding to boost its expansion efforts within the Kenyan and East African insurance markets

12.04.2024

Sertis, a MGA specialising in property owner coverage, sequred $3.2 mn

Sertis, a Managing General Agent (MGA) specialising in property owner coverage, has sequred $3.2 mn in a funding round.

12.04.2024

Insurtech Lemonade with Cardif launched of homeowners insurance in France

Insurtech Lemonade launched of homeowners insurance in France

Insurtech Lemonade announced the launch of Homeowners insurance in France in partnership with BNP Paribas Cardif

10.04.2024

Insurtech Element secured €50 mn from Versorgungswerk der Zahnärztekammer

German insurtech startup Element has secured €50 million in funding from Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R. and Alma Mundi

10.04.2024

Monad Labs, blockchain startup, sequred $225 mn Series A

Monad Labs, an ethereum blockchain developer, has closed a $225 mn Series A, the largest deal the sector has seen in over seven months

10.04.2024

Stanhope sequred £2.3 mn in funding to develope of 'human-like' AI

Stanhope sequred £2.3 mn to developing of ‘human-like’ AI

The neuroscience-driven AI startup Stanhope has sequred £2.3 mn in funding to enhance the development of 'human-like' AI

10.04.2024

Healthtech SaaS platform Recare raised €3.2 mn for expansion in Germany

Healthtech Recare raised €3.2 mn for expansion in Germany

Recare has developed a SaaS platform that acts as a neutral marketplace, allowing hospitals to find care providers for their patients with aftercare needs

10.04.2024

Luminance raised $40 mn in Series B funding to use of large language models

Luminance has raised $40 mn in Series B funding to further its use of large language models (LLMs) which are predicted to automate significant portions of work

10.04.2024

Lexverify secured £900K in Seed funding to enhance AI-driven risk managemen

UK-based startup Lexverify secured £900K in Seed funding to enhance its AI-driven risk management assistant

10.04.2024

HR software app Homebase sequred $60 mn Series D

Homebase is HR software that targets the two-thirds of the American SMB workforce with hourly jobs that require them to be on-site

10.04.2024

Fintech Scayl, founded by ex-VC executives, raised €100 mn

Scayl, a debt financing platform founded by ex-VC, announced its emergence from stealth having raised €100 mn

09.04.2024

Brit launched an initiative in the cyber insurance realm Brit Cyber First50

Lloyd’s Consortium Brit launched a cyber insurance – Brit Cyber First50

Brit has launched a groundbreaking initiative in the cyber insurance realm with the launch of Brit Cyber First50, a Lloyd’s Consortium

09.04.2024

PERILS estimated insurance loss for Australia Christmas Storms at $1 bn

PERILS, the Zurich-based providre of industry-wide catastrophe insurance data, has disclosed its second industry loss estimate for the Australia Christmas Storms

09.04.2024

Andreas Berger, Swiss Re Group Chief Executive Officer

Swiss Re announced that Andreas Berger will become Group CEO

Swiss Re announced that Andreas Berger will become Group Chief Executive Officer effective 1 July 2024, taking over from Christian Mumenthaler, who will step down

09.04.2024

Florida’s insurance market continues to strengthen in 2024

Florida insurance market continues to strengthen, showing signs that recent legislation is having positive impacts on property and casualty insurance market

09.04.2024

Insurtech Empathy sequred $47 mn Series B funding led by Index Ventures

Insurtech Empathy announced the closure of a $47 mn Series B funding round, spearheaded by Index Ventures, alongside notable contributions from General Catalyst

09.04.2024

CoreLogic estimated insurable losses from Earthquake in Taiwan between $5-8 bn

CoreLogic estimated insurable losses from Earthquake in Taiwan up to $1 bn

CoreLogic estimates insurable losses from the 7.2 magnitude earthquake that hit Taiwan on April 3, 2024 will be between $0.5 and $1 bn

09.04.2024

AGCS to sell Fireman’s Fund insurance businesses in the US to Arch for $1.4 bn

AGCS to sell US Fireman’s Fund insurance businesses to Arch for $1.4 bn

Allianz Global Corporate & Specialty to sell its Fireman’s Fund insurance businesses in the United States to Arch Insurance North America for total transaction value of $1.4 bn

09.04.2024

Reinsurance market’s underlying ROE improved to 14.3%

Global reinsurance industry’s underlying ROE was above the cost of capital for the second consecutive year in 2023, improving to 14.3%

09.04.2024

Verisk launched its Next Generation Models (NGM) for re/insurers

Verisk launched its Next Generation Models for re/insurers

Global data analytics and technology provider Verisk has launched its Next Generation Models (NGM), which will be implemented by insurers and reinsurers

09.04.2024

High Court: $10 bn aircraft payouts should be heard in London

High Court: $10 bn insurance aircraft payouts should be heard in London

London’s High Court has decided that the $10 bn battle between reinsurers and a host of aircraft leasing companies seeking payouts for more than 200 jets stuck

01.04.2024

Largest European reinsurers achieved an earning of €10.2 bn in 2023

The largest European reinsurers achieved a combined earning of €10.2 bn in 2023, more than double their earnings in 2022, attributed to higher prices

01.04.2024

Insurtech Coterie secured a substantial $27 mn in post-Series B round

Insurtech Coterie, which specialises in services for small businesses, has secured a substantial $27 mn in funding during a post-Series B round

01.04.2024

Insurtech Vouch raised $25 mn Series C-1 funding led by Ribbit Capital

Insurtech Vouch announced the closure of a $25 million Series C-1 funding round, led by Ribbit Capital

26.03.2024

Insurtech Sostengo raised $3.8 mn seed funding for Latam & U.S. Hispanic entry

Central American Insurtech Sostengo raised $3.8 mn seed funding for Latam markets and U.S. Hispanic entry. With 103% premium growth

26.03.2024

IDfy secured a substantial financial injection of $27 mn funding

IDfy has secured a substantial financial injection of $27 mn in a recent funding round, signifying a pivotal moment for the company's trajectory

26.03.2024

Japanese Dai-ichi Life Insurance acquired of a 19.9% stake in Canyon Partners

Japanese insurance company Dai-ichi Life Holdings has acquired of a minority stake in Canyon Partners, a leading alternative investment manager based in the United States

26.03.2024

Reinsurance industry faced $50bn of SCS-related losses

(Re)insurance industry has already faced about $50bn of SCS-related losses in 2023. Over the past five years, SCS insured losses averaged around $15b

26.03.2024

Brazilian cybersecurity insurtech Bluecyber raised $1.5 mn in funding

Brazilian insurtech Bluecyber, specialising in cyber insurance, has raised $1.5 mn in funding led by venture capitalists Invisto and Bossa Invest

21.03.2024

Agio Ratings, a crypto risk analytics startup, raised a $4.6 mn

The UK startup Agio Ratings, specializing in crypto risk analytics, has announced a fundraising round totaling $4.6 mn led by Superscrypt

21.03.2024

M&A in the UK insurance industry rose, in contrast to a EU slowdown

M&A in UK insurance industry rose, in contrast to a EU slowdown

M&A in the UK insurance industry rose in 2023, in contrast to a wider slowdown in deal activity across Europe, the Middle East and Africa

21.03.2024

UK terrorism reinsurer Pool Re is confidence in members' support for operational changes

Pool Re have confidence in members’ support for terrorism risk coverage

Pool Reinsurance, the UK terrorism reinsurer, have confidence in members' support for operational changes and new reinsurance coverage

21.03.2024

Most global M&A deals announced with transaction values >$10 bn

February marked the third straight month in which four global M&A deals were announced with transaction values greater than $10 billion

21.03.2024

LGI Indonesia developed Behaviour Based Insurance for insurtech Carrot

LGI developed behaviour based insurance for insurtech Carrot

Insurtech Carrot General Insurance has partnered with Lippo General Insurance, Indonesia to develop a Behaviour Based Insurance solution.

21.03.2024

Vienna Insurance Group appointed of Christoph Rath as Managing Board’s deputy member

Austrian Vienna Insurance Group has announced the appointment of Christoph Rath as a deputy member of the Managing Board

21.03.2024

Trading automation protocol Umoja raised $4 mn in seed round

Trading automation protocol Umoja seed funding round has successfully secured an additional $2 mn, bringing the total to $4 mn

19.03.2024

California’s restrictions to fair insurance pricing are putting pressure on insurers

California’s regulatory restrictions to fair, actuarially sound insurance pricing and underwriting, are putting financial pressure on insurers

19.03.2024

Genesis Global Capital will pay $21 mn penalty to SEC for crypto securities offer

Genesis Global Capital will pay a $21 mn penalty after pleading guilty to charges that it engaged in the unregistered offer

19.03.2024

Insurtech Genasys updated a core Genasys Unify platform

Genasys, the provider of insurance administration software, announced Genasys Unify, a major update to the core Genasys platform

19.03.2024

Sweet Security raised $33 mn in Series A led by Evolution Equity

Israeli startup Sweet Security, specialising in addressing cloud risks for companies, has successfully raised $33 mn in a Series A funding round

19.03.2024

Insurity & OIP Robotics partnered for P&C insurance automation

Insurity, the cloud software insurtech for insurance carriers, brokers, and MGAs, has partnered with OIP Robotics (OIPR)

19.03.2024

Outlier Ventures and peaq launched the DePIN Base Camp Accelerator

Outlier Ventures and peaq have launched of the DePIN Base Camp Accelerator program to accelerating the development and application of decentralized physical infrastructure

19.03.2024

Insurtech Fijoya raised $8.3 mn in seed round

Fijoya, an insurtech startup specializing in health and wellness services for employers, recently secured $8.3 mn in seed funding

19.03.2024

Aon acquired of the technology & intellectual property of Humn:ai

Aon announced its acquisition of the technology assets and intellectual property of Humn:ai, a move designed to enhance its commercial fleet services

19.03.2024

National Flood Insurance Program secured $575 mn in reinsurance from ILS

U.S. Federal Emergency Management Agency has reinforced its dedication to enhancing the National Flood Insurance Program by securing $575 mn

19.03.2024

Cyber Insurtech Coalition announced agreement with Aspen Insurance

Cyber insurtech Coalition has announced a new, multi-year capacity agreement with Aspen Specialty Insurance Company (Aspen)

19.03.2024

UK Financial Conduct Authority commited to intensify efforts against crypto market

Financial Conduct Authority of the United Kingdom has outlined its commitment to intensify efforts against crypto market abuse within the cryptocurrency

19.03.2024

UNIQA Insurance Group posted premium growth to EUR 7.2 bn

UNIQA Insurance Group posted premium growth to EUR 7.18 bn (+9.7%) while earnings before taxes exceeded expectations at EUR 426.4 mn

14.03.2024

Lloyd’s with the Bermuda Monetary Authority

Lloyd’s with Bermuda Monetary Authority will sharing risk expertise

Lloyd’s along with the Bermuda Monetary Authority, have committed to jointly developing an initiative for closer collaboration

14.03.2024

Lloyd’s reports results: premium increased by 11.6% to £52 bn

Reinsurance marketplace Lloyd’s of London announced its financial performance for 2023 year, alongside guidance for the full-year 2024 expectations

14.03.2024

Vienna Insurance Group reported GWP for 2023 worth EUR 13.8 bn

Vienna Insurance Group reported GWP worth EUR 13.8 bn

Vienna Insurance Group reported GWP for 2023 worth EUR 13.8 billion, 10% more y-o-y. Earnings before taxes reached around EUR 773 million

14.03.2024

Guy Carpenter introduced CatStop+, a new cyber reinsurance

Guy Carpenter, a global risk and reinsurance specialist under Marsh McLennan, has introduced CatStop+, a new cyber reinsurance product

11.03.2024

Insurtech Wisedocs sequred $9.5 mn in Series A Funding

Insurtech Wisedocs secured $9.5 million in Series A funding to enhance its AI-driven insurtech solutions, with Information Venture Partners

11.03.2024

Polish insurer PZU dismissed President & Supervisory Board Members

Polish insurer PZU informed in a statement that on 23 February 2024, the Company's Supervisory Board (SB) dismissed the President of the PZU SA Management Board

07.03.2024

Laura Hay elected to MetLife’s board of directors

MetLife announced that Laura Hay has been elected to its board of directors, effective immediately

07.03.2024

CIS insurers will expand presence in international reinsurance markets

To compete against international reinsurers’ better prices, and increase profitability, insurers in countries part of the Commonwealth of Independent States (CIS)

07.03.2024

Greek insurance market totaled EUR 5.3 bn in 2023

The Greek insurance market totaled EUR 5.26 billion at the end of 2023, up by 8.9% from EUR 4.84 billion a year before, according to the year-end market figures

07.03.2024

Berkshire Hathaway reported re/insurance underwriting earnings of $5.4 bn

Berkshire Hathaway has reported net underwriting earnings across its re/insurance operations of $5.4 billion for the full year 2023

01.03.2024

Munich Re reported a 2023 net result of €4.6 bn

Munich Re has reported a net result of €4.6 billion for the 2023 financial year, which is above its revised €4.5 billion profit target

01.03.2024

Reinsurers continue to generate strong ROE, with robust underwriting

Relative to other sub-sectors of insurance, reinsurers continue to have a solid path, generating strong ROE, with robust underwriting and steady premium growth.

01.03.2024

Insurtech Lemonade rised in-force premium to $747 mn for 4Q 2023

Insurtech Lemonade has reported a 20% rise in in-force premium to $747 mn for 4Q 2023, while its gross loss ratio fell 12% to 77% in the quarter.

01.03.2024

Fairfax Financial announced results in 2023: premiums grew by 4.8% to $28.9 bn

Fairfax Financial Holdings has announced its financial results for the fiscal year 2023. Gross premiums written grew by 4.8% to $28.9 bn

22.02.2024

PERILS releases final insurance industry loss footprint for Cyclone Gabrielle

PERILS has disclosed its fourth and final industry loss estimate for Cyclone Gabrielle which impacted the North Island of New Zealand

22.02.2024

Verisk increased its consolidated revenues in Q4’2023 for $677 mn

Verisk has reported an increase in its consolidated and organic constant currency revenues in Q4’2023, primarily due to solid growth in underwriting

22.02.2024

Swiss Re increased net income to $3.2 bn in 2023

Swiss Re increased net income to USD 3.2 billion in 2023, with a net income of USD 748 million in the fourth quarter

22.02.2024

Zurich Insurance reported strong growth across all businesses

Zurich Insurance has reported strong growth across all businesses in the first year of its 2023-2025 financial cycle, with the highest-ever Group business operating profit

22.02.2024

US Cyber Industry Loss Index plays important role in cyber-ILS expansion

PERILS and CyberAcuView announced the use of their US Cyber Industry Loss Index in the first cyber insurance risk transactions

15.02.2024

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