Insurtech Cytora partners with Pilotbird to add OSINT into claims workflows
Cytora and Pilotbird link platforms to bring open-source lifestyle analytics into digital FNOL and claims triage for commercial and P&C insurers
News
John Garamendi attacks California insurance chief over premiums, drops
Former insurance commissioner John Garamendi accuses Ricardo Lara of failing California consumers amid rising premiums, policy nonrenewals, and insurer profits
Nirvana Insurance hits $1.5 bn valuation in $100 mn Series D
Nirvana Insurance raises $100mn Series D led by Valor Equity, lifting valuation to $1.5bn as AI-driven trucking insurance draws fresh capital
Global M&A activity continued despite a broader global slowdown in 2025
European and Asia Pacific dealmakers outperformed global peers in the first half of 2025, as M&A activity continued despite a broader global slowdown and persistent market uncertainty
California court limits insurance commissioner’s power over FAIR Plan
A California appeals court says the insurance commissioner can’t force the FAIR Plan to add liability-style coverages beyond basic property insurance
Millions of UK travellers hide medical conditions on travel insurance
One in four UK travellers conceal medical conditions to cut travel insurance costs, risking rejected claims and massive overseas medical bills
Toyota launches brand-only motor insurance for Ireland drivers
Toyota enters the Irish insurance market with exclusive cover for Toyota and Lexus drivers, partnering with Wrisk Europe amid weak competition.
Chubb plans up to 20% workforce cut tied to digitisation push
Chubb expects to reduce headcount by as much as 20% over four years as automation spreads across underwriting, claims, and support functions
Florida approves pet insurance rate hikes averaging 9.25%
Florida regulators approved 12 pet insurance rate increases this year, averaging 9.25%, as veterinary costs continue to rise faster than inflation
Insurtech incubator Lloyd’s Lab celebrates Cohort 15 and opens Cohort 16
Lloyd’s Lab marked Demo Day for Cohort 15, showcasing 12 InsurTechs, and opened applications for Cohort 16 with a new Ireland-focused theme
German insurers propose Elementar Re catastrophe backstop scheme
Germany’s insurers unveil Elementar Re, a government-backed reinsurance backstop aimed at keeping high-risk homes insurable as climate losses rise
Australia’s competition regulator blocks IAG bid for RAC Insurance
Australia’s competition regulator opposes IAG’s planned takeover of RAC Insurance, warning it would weaken motor and home insurance competition in WA
Flood insurance drops nationwide as Florida holds firm, study finds
A new study shows flood insurance policies falling across the US under Risk Rating 2.0, while Florida adds coverage as affordability strains the federal program
London dental insurance fraud trio avoid immediate jail
A struck-off dentist and her two children were convicted over a £350k dental insurance fraud in North London but received suspended sentences
Ageas UK and Saga launch 20-year insurance partnership for over-50s
Ageas UK and Saga plc roll out a 20-year affinity deal, launching motor insurance now and home cover in early 2026 for over-50s customers
New Zealand home insurance costs diverge by region and risk
NZ home and contents insurance costs show uneven regional shifts as insurers apply finer risk-based pricing, with Canterbury and Wellington moving differently
Aviva partners with Percayso to deepen vehicle data analytics
Aviva signs a multi-year deal with Percayso Inform to enhance vehicle data enrichment across pricing, underwriting, and claims in UK personal and commercial lines
MetLife Pet Insurance integrates cover into pet adoption process
MetLife partners with Petstablished to embed pet insurance quotes into adoption and registration, aiming to cut surprise vet costs from day one
Maximum Information raises £2.3 mn seed led by Insurtech Gateway to build cat risk tools
Insurtech Gateway leads a £2.3 mn seed round in Maximum Information as the firm builds vendor-agnostic catastrophe risk analytics
Fitch sets neutral 2026 outlook for global insurance sector
Fitch Ratings assigns a neutral 2026 outlook for global insurance, citing resilience overall but weaker margins in reinsurance, London Market, and US Health
NFP acquires P&C broker Hamilton Insurance to expand senior care focus
NFP, an Aon company, acquires Hamilton Insurance Agency in Virginia, adding senior housing and long-term care expertise to its P&C platform
Geopolitics and climate strain global marine insurance – Kennedys warns
Kennedys warns geopolitical tension, climate volatility, trade disputes, and post-Brexit rules are reshaping risk and claims pressure in marine insurance
Aon adds ERN Latin America catastrophe models via Oasis LMF
Aon’s Impact Forecasting delivers ERN Latin America catastrophe models through Oasis LMF, expanding open modelling options for (re)insurers
Cyber insurance set to become mandatory as threats escalate – Kennedys’ report
Kennedys predicts cyber insurance will shift from optional to mandatory as supply-chain attacks rise and boards face direct regulatory pressure
Canada Life UK completes £330m buy-in with Comet Pension Scheme
Canada Life UK secures benefits for 4,500 members through a £330m full-scheme buy-in with the Comet Pension Scheme backed by Fnac Darty
IFC to take 20% stakes in VIG’s Ukrainian non-life insurers, USG and Kniazha
IFC plans to invest in two Vienna Insurance Group insurers in Ukraine, backing growth, digitalisation, and insurance capacity ahead of reconstruction
UK motor insurers face losses by 2026 as premiums fall – EY
EY expects UK motor insurance to break even in 2025 and slip into losses in 2026 as inflation and repair costs outpace pricing
Orange Poland with insurtech bolttech launches telco-led insurance platform
Orange Poland rolls out “Insure with Orange”, a digital insurance comparison platform built with bolttech, offering motor and home cover in minutes
Munich Re targets €6.3 bn profit in 2026 under Ambition 2030
Munich Re expects ROE above 18%, EPS growth over 8%, and €6.3 bn IFRS net profit in 2026 as part of its Ambition 2030 plan
Nippon Life Insurance moves to acquire MDV to expand health data strategy
Nippon Life launches a tender offer for Medical Data Vision, aiming to deepen use of health data and analytics across insurance and healthcare
Coalition adds deepfake response cover to global cyber insurance policies
Coalition expands its cyber insurance with a deepfake response endorsement, offering forensic, legal, and PR support as AI-driven threats grow
Moody’s expects 15% drop in property cat reinsurance pricing in 2026
Moody’s Ratings sees property catastrophe reinsurance pricing falling about 15% as capital stays ample and buyers gain negotiating power in 2026
J.P. Morgan sees softer pricing cycle for European P&C insurance in 2026
J.P. Morgan expects easing property cat reinsurance rates and weaker pricing momentum across European P&C through 2026
FCA moves to simplify insurance rules, faces London market pushback
The FCA eases insurance rules to cut costs and boost flexibility, but Lloyd’s and London Market leaders say reforms stop short of real change
SAR insurtech ICEYE adds flood intelligence to Munich Re risk platform
ICEYE partners with Munich Re’s Risk Management Partners to bring SAR-based flood data and early warning tools to the Location Risk Intelligence platform
Experian warns of AI-driven cyber risks in 2026 breach forecast
Experian’s 2026 Data Breach Forecast points to AI-powered attacks, quantum risk, and rising identity fraud as cyber threats grow faster and smarter
PERILS estimates A$1,108 mn loss from Australia convective storms
PERILS sets initial insured loss at $1,108 mn for late-October 2025 severe convective storms across Australia’s east coast
Atradius wins approval to launch Lloyd’s credit Syndicate 1864 in 2026
Atradius secures final regulatory approval for Lloyd’s Syndicate 1864, set to underwrite trade credit risks from January 2026
US commercial insurance rates rise 3.8% in Q3 2025 – WTW
US commercial insurance pricing rose 3.8% in Q3 2025, matching Q2 and slowing sharply from 2024 as most lines eased, according to WTW data
Wisconsin Supreme Court upholds Catholic Charities UI exemption
Wisconsin’s top court leaves the state’s unemployment insurance religious exemption intact and confirms Catholic Charities qualifies after a US Supreme Court ruling
New York plans 25% rise in rideshare insurance rates by 2028
New York will lift rideshare insurance rates about 25% over three years after American Transit’s collapse, pushing higher costs toward drivers and fares
Louisiana insurers split on home rates as reforms reshape pricing
Louisiana approves a 7.5% home insurance rate cut for two carriers while allowing State Farm a near 10% increase tied to hurricane risk
US Labor Department sends fraud strike team to Minnesota UI
The US Labor Department will review Minnesota’s Unemployment Insurance program after fraud findings raised concerns over system integrity
UK brings crypto under financial law in sweeping 2027 reform
The UK will regulate crypto under existing financial laws from October 2027, placing exchanges, issuers and stablecoins under FCA and Bank oversight
J.P.Morgan plans first tokenized money market fund on Ethereum
JPMorgan Asset Management prepares a tokenized money market fund on Ethereum, seeding it with $100 mn as tokenization gains traction
Cloudflare report shows AI bots driving traffic surge
Cloudflare data shows a 19% traffic jump, AI crawler dominance, post-quantum crypto growth, and rising attacks on civil society sites
Circle acquired Interop Labs team to tighten cross-chain stack
Circle brings Interop Labs engineers and proprietary tech in-house to boost cross-chain settlement as stablecoin issuers race to scale
Blockchain AI startup Hyra partners with Numbers Protocol to scale AI and compliance
Hyra Holdings and Numbers Protocol – two innovators united by a shared vision: to build a decentralized, transparent, and trustworthy digital ecosystem
UK Cyber Security Bill forces fintech SMBs into supply chain risk
The UK Cyber Security and Resilience Bill reshapes fintech risk as SMBs inherit compliance pressure through MSPs, vendors, and faster incident reporting rules
Germany blames Russia for Bundestag cyberattack as US breach hits 5.6 mn
Berlin accuses Russia of a cyberattack on parliament during Zelenskyy’s visit, as a US credit firm confirms a breach affecting 5.6 mn people
2026 cyber security outlook: federated CISOs, agentic AI, privacy squeeze
A blunt 2026 security forecast on the federated CISO, autonomous AI attacks and defenses, and the accelerating erosion of digital privacy
Coinbase loses private arbitration over $618k cyberattack claim
A private arbitrator orders Coinbase to pay $618k to a client who lost crypto after a 2024 account takeover tied to a cyberattack
Amazon flags Russian cyber campaign hitting Western energy networks
Amazon Threat Intelligence links a long-running Russian GRU cyber campaign to attacks on misconfigured network devices across Western critical infrastructure
Coupang data breach traced to ex-employee with system access
South Korea’s largest retailer says a former employee accessed internal systems, exposing data of 33.7 mn customers in the country’s worst cyber breach
Allianz teams up with Oaktree to launch Lloyd’s reinsurance Syndicate 1890
Allianz partners with Oaktree to launch Lloyd’s Syndicate 1890, securing multi-year AA-rated capacity and tapping capital markets for reinsurance risk
Fintech Acrisure to buy tech-first MGA Vave from Canopius
Acrisure agreed to acquire underwriting MGA Vave from Canopius, adding a high-volume, API-driven platform focused on catastrophe-exposed E&S risks
President Trump’s AI order splits insurers and state lawmakers on regulation
President Trump’s AI executive order draws support from health insurers but sharp resistance from state insurance lawmakers over federal preemption
Illinois court tosses genetic privacy suit against State Farm Life
An Illinois appeals court dismissed a class action claiming State Farm Life violated genetic privacy law, ruling underwriting limits apply to health insurers
Iowa Attorney back dismissal of Lockheed pension transfer lawsuit
Nine state attorneys general urged a federal court to dismiss a lawsuit challenging Lockheed Martin’s pension risk transfer to Athene
Arizona court weighs Centene bid to force provider case to arbitration
Centene asked an Arizona court to move a discrimination lawsuit by health providers into arbitration, arguing contracts bar the case from court
Flood insurance coverage worth $1.3 tn sits on the edge of expiring, marked as the deadline. Congress hasn’t agreed on an extension
Discover how motor vehicle tort cases added $42.8 bn in excess litigation costs in 2014–2024. Triple-I highlights rising case volumes and the impact on insurance costs
Dynamic trends are influencing the size and complexity of claims around the world. Proactive claims management can help organizations recover swiftly after a loss event and manage potential claims exposures.
Geoeconomic fragmentation makes managing global risks like climate, cyber, and pandemic risks more difficult for insurance and reinsurance sectors