French insurer AXA informed it closed Q1 2023 with business worth EUR 31.8 bn, up from EUR 31.2 bn a year before, of which Property & Casualty - EUR 18.6 bn
Insurance Europe's recently published paper, that examines the impact of the different positions taken on the Data Act proposal by the European co-legislators
GWP of UNIQA Insurance Group rose by 6.5% to EUR 1,980 million in the first quarter of 2023 compared to the same period of the previous year
Guy Carpenter, a business of Marsh McLennan and the leading global risk and reinsurance specialist, today announced that it is to acquire Re Solutions
According to Moody’s RMS, the hurricane forecasts take into account crucial oceanic and climate factors that have historically impacted hurricane activity in the region
Insurtech Cover Genius expands executive team to support growth of XCover, the insurtech’s consumer site, brings on former Google executive, Kyle Keogh
Lloyd's of London announced the appointment of Rachel Turk in the new role of Chief Underwriting Officer
Allianz announced that Agustín de la Cuerda is appointed as Commercial Managing Director for Iberia, and David Colmenares as Commercial Managing Director for Latin America
Vienna Insurance Group (VIG) continues to be on a growth path in Q1 2023, with premiums written according to IFRS 4 increasing y-o-y by 12.1% to EUR 3,871 million
The Greece insurance market at the end of March 2023 totaled at EUR 1.23 billion, 6.8% more y-o-y, according to the Q1 2023 preliminary statistics published by HAIC
Insurtech Novidea, a cloud-based, data-driven platform, has raised $50 mn in its latest round of funding led by Battery Ventures
Travel insurtech startup Faye has raised $10 mn in Series A funding just a year after launching its product in the U.S., bringing the company's total funding to $18mn
AIG is planning to sell Validus Re, including AlphaCat and the Talbot Treaty reinsurance business, to RenaissanceRe for $2.985 bn, consisting of $2.735 bn in cash
Local authorities are foreseeing economic losses in the billions of euros related to floods in Italy due to the massive disaster, while the insurance industry
Insurtech Kin finished the first quarter of 2023 with $83 mn in gross written premium, which was positively impacted by $33 mn in new bound premium
Three years after purchasing shares in Aviva, activist investor Cevian Capital is selling almost all of its stake in the insurance giant
Property catastrophe reinsurance market conditions reach peak, presenting advantageous prospects for reinsurers
Germany-based insurtech wefox has raised a total of $110m with a $55m credit facility from J.P. Morgan and Barclays
Global reinsurer Swiss Re has announced it will leave the Net-Zero Insurance Alliance. "Our commitment to our sustainability strategy remains unchanged"
SCOR has reported Group net income of EUR 311 million in the first quarter of 2023, compared with a net loss of EUR 35 million a year earlier
Allianz reported that the total business volume in Q1 2023 increased by 3.9% to €46 billion
Fairfax Financial Holdings announced Q1 2023 financial results, reporting net earnings of $1,250 mn in Q1 2023 compared to net earnings of $588.7 mn
Spain’s Non-life gross written premium (GWP) grew by 5.2%, although this is nominal growth and so not adjusted for inflation
Reaching an all-time high, the cost of a data breach averaged $4.35 mln in 2022. This figure represents a 2.6% increase from last year
Florida insurers will have a challenging June reinsurance renewal, even with the implementation of the legislative reforms
Insurtech bolttech announced it raised $196 million in connection with its Series B with an up-round valuation of $1.6 billion
When booking flights, Volaris customers will have the option to protect their international travel through various coverages offered by Cover Genius such as medical insurance
Lloyd’s of London has released a market bulletin detailing the 2024 business plan and capital approval process and timeline for syndicates
European insurtech wefox has launched its global affinity business, which connects insurance companies with suppliers to distribute insurance products
Convex Group, the international specialty insurer and reinsurer, announces its financial results for the year ended 31 December 2022
Root Insurance shared its Q1 2023 results. The insurtech ended the quarter with 199,685 policies in force, a decrease of 135,588 auto policies (40%)
Insurtech Lemonade shared its Q1 2023 results. The company ended the quarter with 1,856,012 customers, a 23% increase
Spanish startup Barkibu, a pet health insurance and preventive coverage provider, has raised €4.5 million in a funding round led by Kfund
Swiss Re reported a net income of USD 643 million for the first quarter of 2023 as improved profitability in all main businesses
Insurtech Hippo has announced total generated premium (TGP) growth of 59% to $245 mn in Q1 2023, compared to $154 mn a year ago
Percipience, an insurance data and analytics platform provider is pleased to announce a new partnership with Concirrus, a artificial intelligence insurtech
French P&C insurers are currently facing credit negative increase in drought losses this year amid forecasts of prolonged warm
The stable liability profile and strong liquidity position of North American life insurers should mitigate near-term challenges
Moody’s RMS, the leading global catastrophe risk modeling and solutions company, is integrating Nasdaq’s Risk Modelling for Catastrophes (NRMC) service
Swiss Re and insurtech Benekiva, known for their configurable rules-driven claims and servicing platform solution have formed a strategic partnership
Range, the all-in-one AI WealthTech platform, had raised $12 mn in funding led by Gradient Ventures, Google's AI-focused venture fund
Coalition has launched a new version of its Executive Risks Insurance products for not-for-profit organisations
Verisk Analytics, a leading global data analytics and technology provider, and CCC Intelligent Solutions (CCC), a cloud platform, have announced a strategic partnership
AON, a global professional services firm, launched its Climate Risk Advisory team to provide physical risk diagnostics
Berkshire Hathaway’s P&C reinsurance losses and loss adjustment expenses for the quarter increased by $1.1 bn over the prior year
S&P Global Ratings has published a new methodology for measuring the risk-based capital adequacy of re/insurers
Akur8, the next generation insurance pricing solution powered by transparent machine learning, has announced its entrance into an agreement with NEXT Insurance
Gatik Ship Management, an oil tanker company heavily involved in moving Russian oil, lost industry standard insurance for its fleet after falling foul of a G7 price cap
The positive factors underpinning the stable outlook for the UK life insurance segment include a strong pipeline for pension risk transfers
S&P Global Ratings noted that UK insurers face challenges in maintaining strong balance sheets and managing asset and liability risks
European life insurers are at risk of significant unrealised losses on their bond portfolios due to higher interest rates
YellowBird, a EHS and Risk Management technology platform, announced the completion of its $5 mn Seed round funding
Coinnect, cutting-edge Cyber Insurtech, announces its selection to participate in the Plug and Play Batch 10 Insurtech Innovation Program
Capitola, the digital marketplace for commercial insurance that connects brokers and carriers and uses AI-based risk appetite matching to streamline the placement process
Lloyd’s of London CEO John Neal has proposed a deal with the UK government to help the NHS meet unexpected costs triggered by major events like the pandemic
A slightly below-average level of tropical cyclone activity is projected for 2023 in the Atlantic basin, according to a forecast released by Colorado State University’s
Fairfax Financial Holdings announced that a preliminary estimate of the impact of its adoption of a new accounting rule showed it may result in a $2.2 bn increase in equity
Aviva, the UK’s insurer, is to roll out a broad range of products from CyberCube, the cyber risk analytics firm, to support the growth ambitions for its cyber book
ICA has raised its estimate of insured losses from the devastating Eastern Australia floods that occurred over February and March in 2022 to AUD 5.8 bn
Vienna Insurance Group reported total premium volume of €12.6 bn for FY2022, up 14.1% from the year-ago figure of €11 bn
Insurity, a insurtech provider of cloud-based software for insurance carriers, brokers, and MGAs, will provide its new, cloud-based Sure Underwriting Workbench solution
Global Consumers More Likely to Purchase Event Tickets, Flights and Accommodations if Offered ‘Cancel for Any Reason’ (CFAR) Protection
Insurtech Policygenius is seeking a buyer and is in late stages of sealing a deal. New information suggests this buyer may be Zinnia, formerly SE2
Singapore’s life insurance industry is set to grow at a compound annual growth rate of 9.8% from $47.2 billion in 2022 to $77 billion in 2027
Hong Kong Federation of Insurers (HKFI) has called for more incentives for international insurers to establish their regional headquarters in the city
Lloyd’s of London has joined the British Insurance Brokers’ Association (BIBA) as its 21st partner
Corvus Insurance, the cyber insurtech, powered by a proprietary AI-driven cyber risk…
InsurTech Kanguro has launched its health insurance plans for pets. Startup describes itself as the only InsurTech offering an end-to-end customer experience
Canada Life Assurance Company, a subsidiary of Great-West Lifeco, has reached an agreement to acquire Investment Planning Counsel
Insurtech Akur8 has announced that P&C mutual insurance company IMT Insurance has selected its Risk and Rate modeling solution to boost the company’s pricing
China Pacific Insurance subsidiary CPIC Investment Management has opened two crypto funds in Hong Kong, in partnership with investment firm Waterdrip Capital
American Insurtech Axle has developed a universal API for insurance data and is taking an approach of a “Plaid for insurance”
Arch Insurance has acquired Thimble, a insurtech platform for small business customers and agents. Thimble enables small businesses to quickly get insurance coverage
Insurtech Blink Parametric has announced its partnership with AwayCare, a premier Managing General Agent (MGA) provider of travel insurance products
German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline
EBRD is seeking a resolution of the crisis on the Romanian insurance market following the withdrawal of the licence of Euroins Romania
U.S. insurers paid out more than $1 bn in dog-related injury claims in 2022, a double-digit percentage increase over 2021 even though the number of claims
International InsurTech bolttech, a embedded insurance provider, has partnered with digital lifestyle insurer Tune Protect Group to offer device protection solutions
Kin Insurance announced that the Kin Interinsurance Network, its reciprocal insurance carrier, successfully closed a $100 million private placement catastrophe bond
European life insurers have had to raise the capital they must hold under Solvency II to cover the risk of a surge in lapses
Rising interest rates are eating into interest maintenance reserve (IMR) balances for U.S. life insurers
Zurich, a global insurance company, has confirmed its withdrawal from the Net-Zero Insurance Alliance (NZIA), citing a desire to focus its resources to support
Larger property and casualty insurers in the Florida market are likely to benefit from recently enacted tort reforms, and it remains to be seen how those changes
Fitch Ratings’ deteriorating outlook for the French insurance non-life sector reflects expectation that credit fundamentals will worsen in the next 12 months
Austrian Property and Casualty (P&C) insurers will maintain their strong profitability with combined ratios on average below 95%
Montreal-based Equisoft, an insurance and investment software developer, has raised $125 million in venture equity
Thailand-based insurtech Roojai has raised $42 mn in a Series B fundraising round led by HDI International, a subsidiary of the German insurance company Talanx Group
Reinsurer Munich Re has discontinued its membership in the Net-Zero Insurance Alliance (NZIA)
Jefferies’ Economics Team believes fears of contagion spreading within the financial sector will soon fade because banks are facing a liquidity crisis
Health benefits insurtech for employees Zorro launches out of stealth, along with an $11.5 million seed funding round co-led by Pitango and 10D
Sun Life Financial has completed the sale of SLF of Canada UK Limitedto Phoenix Group Holdings. Headquartered in London
Indonesian insurance market is forecast to grow at a compound annual growth rate (CAGR) of 9% from $5.3 billion in 2023 to $7.1 billion in 2027
Koala, a Paris-based travel insurtech startup, has raised $2.1 mn in a recent funding round led by Insurtech Gateway, an existing investor
Lloyd’s of London announced the 13 InsurTech startups joining the 10th cohort of its innovation hub, the Lloyd’s Lab, following a competitive pitch process
Louisiana’s insurers paid out more than $23 billion after the 2020 and 2021 hurricane seasons, driving a number of them into insolvency
European reinsurers Hannover Re, Munich Re, SCOR SE and Swiss Re reported lower earnings for 2022 as high inflation
Fitch-rated U.S. life insurers have minimal exposure to Credit Suisse AG, with immaterial exposure to CS alternative tier 1 (AT1) capital
The insurance market of Singapore has recorded a growth of 15 % combined for both offshore and domestic segments
Premium growth is up substantially for North American P&C insurers overall, though struggles continue for two notable segments
Losses stemming from Hurricane Ian dampened the influx of new capital from insurance-linked securities (ILS) investors
