Hanwha Finance deepens Abu Dhabi ties through digital asset partnerships
Hanwha Finance expands cooperation with Abu Dhabi across digital assets, stablecoins, payments and financial infrastructure under its Digital Asset Silk Road plan
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The latest news and research on Global insurance, reinsurance, insurtech, fintech, healthtech and finance industry. Explore the latest insights, trends and breaking news from financial & insurance industry authority Digital Insurance Media
Venezuela insurtech market moves to form trade group and join AIP network
Venezuelan insurtech firms are working toward a national trade group and potential links with the Pan-American Insurtech Alliance after a SUDEASEG meeting
PIA New York re-elects Jason Bartow president and names 2026-27 officers
PIA New York re-elects Jason Bartow as president for 2026-27 and names new officers across its executive leadership team
Sapiens launches AI-native platform for autonomous insurance workflows
Sapiens launches SapiensAIP, an AI-native insurance platform embedding agentic tools across policy, claims, billing and core system transformation
Insurtech EigenRisk appoints Daniel Grimwood-Bird VP of Sales
EigenRisk appoints Daniel Grimwood-Bird as VP of Sales for EMEA, with an initial focus on expanding insurer, broker and risk management clients in London
Fitch affirms MetLife ratings with stable outlook amid strong earnings
Fitch affirms MetLife’s AA- insurer financial strength ratings and A issuer rating, citing capital, earnings, market position and lower liability risk
Skyline Public Adjusters appoints Joseph Hansen VP of strategic accounts
Skyline names Joseph W. Hansen VP of strategic accounts, expanding his role across client relationships, first-party claims and large property losses
SiriusPoint appoints Rachel Winoski as chief HR officer
SiriusPoint names Rachel Winoski chief HR officer from Oct. 5, 2026, adding the former AXA XL executive to its leadership team
83% of insurers back AI for repeatable work, 75% demand controls
ISG research for mea Platform finds 83% of insurers support AI handling repeatable work, while 75% demand insurance-specific or governed models
Patra launches AI managed services for insurance workflows
Patra launches agentic AI managed services for insurance agencies, starting with post-bind processing and E&O coverage for AI-delivered services
Florida hurricane losses could exceed $300 bn as coastal exposure grows
A Category 5 hurricane hitting Miami or Tampa Bay could cause insured losses above $300 bn as Florida’s population and property exposure keeps rising
Cigna sued over out-of-network addiction treatment payments
Ten addiction treatment providers accuse Cigna of paying 16.42% of covered charges while collecting fees tied to claim reductions
Insurers face higher catastrophe risk as Pacific typhoon activity rises
Northwest Pacific typhoon activity is forecast 60% above average in 2026, raising catastrophe exposure across China, Japan, the Philippines and Vietnam
Eastward tornado Alley shift raises insured loss risk in US Midwest
Record tornado activity in Illinois, Indiana and Wisconsin is increasing insured loss exposure as severe storms shift toward more populated US regions
Healthcare cyberattacks rise as hospitals face ransomware risks (The Case of Luminis Health)
Healthcare remained the top US critical infrastructure ransomware target in 2025 as a cyberattack disrupted systems at Maryland’s Luminis Health
Hurricane Lowell may cause up to $1 bn in Hawaii damage
Hurricane Lowell passed west of Hawaii, bringing heavy rain and surf, with estimated damage of $600 mn and potential losses reaching $1 bn
Washington wildfire insured losses reach $600 mn
Washington wildfire insured losses have reached an estimated $600 mn, including about $535 mn from residential claims, according to state regulators
Orion180 Insurance Group seeks up to $340 mn in US IPO
Orion180 plans to raise up to $340 mn in a US IPO, valuing the specialty homeowners and flood insurer at about $1.7 bn at the top of the range
New York proposes prior approval for all auto insurance rate hikes
New York DFS proposed requiring prior approval for all private passenger auto insurance rate increases as part of broader 2027 budget reforms
Hormuz disruption threatens SMEs in global supply chains, UNCTAD says
UNCTAD warns Strait of Hormuz disruptions are raising energy, freight, insurance and financing costs, putting smaller businesses under pressure
Lloyd’s posts 22% return on capital, pre-tax profit remains £10.7 bn
Lloyd’s reported a 22% return on capital and £10.6 bn pre-tax profit in 2025, while AM Best expects pricing pressure to lift the combined ratio in 2026
Insured losses from non-peak natural catastrophes exceeded $104 bn
Munich Re says insured losses from non-peak perils reached $104 bn in 2025 as cyber, AI and climate risks add pressure to reinsurance markets
Association of British Insurers sets out cyber security controls for UK businesses
ABI guidance identifies cyber controls UK organisations should consider, including MFA, endpoint security, backups, monitoring and supply chain checks
UK commercial insurance adds £29 bn to economy, ABI says
UK commercial insurance contributes about £29 bn annually and supports over 300,000 jobs, according to a new ABI report
easyJet faces $72 mn lawsuit over six abandoned Airbus jets after Russia’s invasion
STLC Europe Eight is seeking at least $72 mn from easyJet over six Airbus aircraft grounded after Russia-related sanctions disrupted their leases
ABI publishes new guides for UK insurers on economic and domestic abuse
The ABI has published two guides to help UK insurers and pension firms support customers and employees affected by economic and domestic abuse
Only 23% of insurers scale AI across the enterprise, Accenture finds
Accenture finds 81% of insurers report at least 5% GWP growth from AI and data, but only 23% have deployed AI across the enterprise
NFIP subsidies remain concentrated in Florida and higher-value properties
Neptune Flood Research Group estimates $2.6 bn in annual NFIP subsidies remain, with Florida receiving nearly half and higher-value properties taking a large share
Life insurers struggle to convert strong consumer demand into sales
Capgemini and LIMRA find strong global demand for life insurance, but complex buying journeys and weak post-sale contact continue to hurt conversion
US P&C underwriting profit rises to $31.7 bn in H1 2026
US P&C insurers posted a $31.7 bn underwriting gain in H1 2026 as the combined ratio improved to 92.7 and policyholder surplus reached $1.3 tn
California workers’ comp medical costs rise 5% in 2026
California workers’ comp medical costs per claim rose 5% in 2025, driven by higher prices, medical-legal services and non-fee-schedule costs
AI saves underwriters time but decision quality gains lag
Hyperexponential’s 2026 survey finds AI is cutting admin work for commercial P&C underwriters, while decision quality and knowledge transfer lag
US commercial insurance prices rise 0.5% in Q2 2026, WTW says
US commercial insurance prices increased 0.5% in Q2 2026, slowing from 2.5% in Q1 as property rates declined and large accounts moved negative
AI adoption exposes insurance gaps in digital health
Beazley’s 2026 Digital Health & Wellness report finds medical negligence remains the leading claims driver as AI creates multi-line insurance exposures
Billie Eilish deepfake case shows growing risks from AI-generated media
A viral AI-manipulated Billie Eilish post drew 11 mn TikTok views, illustrating growing concerns over deepfakes, celebrity likenesses and content provenance
Aon launches Underwriting Analytics for insurers and reinsurers
Aon launched Underwriting Analytics within its Risk Analytics Platform to help insurers assess new risks against existing portfolio accumulations
AI stablecoin neobank Fasset raises $68 mn Series C at $1 bn valuation
Fasset raised $68 mn in a Series C led by SBI Group, reaching a $1 bn valuation three months after closing its $51 mn Series B
Socure raises $156 mn at $5.2 bn valuation, acquires AI startup Fravity
Socure raised $156 mn at a $5.2 bn valuation and acquired agentic AI startup Fravity to add automated fraud investigation agents to RiskOS
Guardio raises $40 mn at $1.1 bn valuation, reaches unicorn status
Consumer cybersecurity company Guardio raised $40 mn at a $1.1 bn valuation, reaching unicorn status as it expands protection against AI-driven scams
Beelzebub raises €3 mn in seed funding to expand AI cybersecurity platform
Beelzebub raised €3 mn in seed funding led by United Ventures to expand its AI cybersecurity platform, research team and US operations
Wonderful expands AI operating platform for insurance workflows
Wonderful is extending its AI operating platform across underwriting, claims, servicing and compliance for P&C, life and health insurers
Wonderful raises $550 mn Series C at $5 bn valuation
Wonderful raised $550 mn in a Series C led by Insight Partners, valuing the AI software company at $5 bn as it expands across more than 35 markets
ZeroRisk raises $4 mn to expand merchant risk platform in US
ZeroRisk raised $4 mn in a funding round led by Elkstone to expand its merchant risk and compliance platform, with a focus on the US market
Mistral AI raises €3 bn at more than €21 bn valuation
Mistral raised €3 bn in a Series D led by Samsung Electronics, valuing the European AI company at more than €21 bn after the financing
Fundcraft raises €12 mn to expand digital fund operations
Fundcraft raised €12 mn in growth financing to expand across Europe, deepen private equity capabilities and develop AI-based fund operations
SpaceTech ICEYE opens SAR satellite data feed with 2026 imagery
ICEYE’s open data initiative provides public access to selected SAR satellite imagery and videos, including thousands of 2026 deliverables
Insurtech Sixfold launches AI Underwriter for life and health insurance
Sixfold launched an AI underwriting platform for life, disability, long-term care and critical illness, producing case recommendations with cited evidence
Insureon partners with LIO Insurance on specialty small business coverage
Insureon partnered with LIO Insurance to expand specialty commercial coverage for small businesses, starting with digital special event insurance
Vero, Uber and insurtech Cover Genius launch pay-per-kilometre rideshare insurance
Vero, Uber and Cover Genius launched a pay-per-kilometre motor policy combining private and rideshare cover for eligible Uber drivers in Australia
Insurtech Intellect AI outlines automation tools for wholesale insurance brokers
Intellect AI outlined how its distribution, submission and document-review tools are being used to reduce manual work across wholesale insurance placement
Square Insurance Brokers appoints Kapil Baraya to lead corporate lines
Square Insurance Brokers appointed Kapil Baraya as Head of Corporate & Commercial Lines, with responsibility for corporate insurance and life operations
UK mortgage lending rises as high-LTV share hits 18-year high
UK gross mortgage advances rose 11.1% in Q2 2026 to £77.4 bn, while lending above 90% LTV reached its highest share since 2008
Fintech Félix raises $200 mn to expand AI financial services in Latin America
Cross-border payments FinTech Félix raised $200 mn in equity and debt to expand AI-powered financial services and its Latin American operations
Ping An Digital Bank launches export financing with credit insurance
Ping An Digital Bank launched export receivables financing with integrated credit insurance, offering up to 95% funding and facilities of $5 mn
Manulife Asia Insurance and Ant Health explore cross-border healthcare services
Manulife Asia and Ant Health signed an MOU to explore cross-border healthcare services, digital health tools and insurance technology in Asia
Chartered Institute of Loss Adjusters appoints Melissa Cunningham as new President
CILA appointed Marsh’s Melissa Cunningham as its youngest President, with Sedgwick’s Aruna Chandrapalan elected Deputy President
Certua Life partners with Heka to offer Surely life insurance
Certua Life has partnered with employee benefits platform Heka to offer personalised individual life insurance through its Surely brand
Howden Re launches Novark platform for insurance-linked capital
Howden Re launched Novark, a digital platform providing near real-time data and administration for insurance-linked securities and third-party capital
PB Fintech launches PB Pay payment aggregator in India
PB Fintech launched PB Pay in India, combining UPI, cards, net banking, wallets, EMI and recurring payments through a single merchant platform
Cathay Life joins Global Asia Insurance Partnership as Principal Partner in Asia
Taiwan’s Cathay Life joined the Global Asia Insurance Partnership as a Principal Partner to work on protection gaps and emerging insurance risks
The US individual life insurance market delivered another growth quarter in Q2 2026, as total new annualized with excess premium reached $4.7 bn
The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
U.S. life insurers posted modest Prism score gains, with resilient capital strength despite rising annuity volumes and investment risk pressures
US insurance sector outlook for 2025-2026: capital strength, social inflation risks, P&C returns peak, Florida reforms, life insurance resilience and alt capital trends