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
News
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
US Federal Deposit Insurance Corp relaxed a key bank capital rule
US Federal Deposit Insurance Corporation has relaxed a key bank capital rule related to US sovereign bonds, proposing a change in the collective loan repayment ratio
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
Medicare costs to rise in 2026, tightening pressure on senior budgets
Medicare premiums and deductibles will rise in 2026, prompting renewed questions over whether Medigap coverage remains cost effective for seniors
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
US severe convective storms caused $42 bn in insured losses in 9M 2025
US severe convective storms caused $42bn in insured losses in nine months, pushing Moody’s to launch a new high-definition SCS model.
European reinsurers pivot toward steadier earnings – J.P. Morgan
J.P. Morgan sees European reinsurers using mild catastrophe losses to build reserves, temper upside, and push the sector toward more stable results
Vienna Insurance Group posts Q1-Q3 growth and secures 98.4% of Nürnberger takeover
VIG lifts its 2025 outlook after strong Q1–Q3 results and confirms control of 98.38% of Nürnberger ahead of a planned 2026 closing
Lloyd’s Europe to introduce Reinsurance Collateral Deposit from 2026
Lloyd’s Europe plans to roll out a Reinsurance Collateral Deposit starting Jan. 1, 2026 for the 2026 Year of Account and beyond
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
Atrium expands teams with motor, aviation, and credit risk leadership hires
Atrium promotes Gabrielle Griffith, adds aviation underwriter Mark Connellan, and launches a new credit and political risk team led by Richard Lamb
AIG pays John Neal $2.7 mn after mutually ending planned leadership move
AIG will pay former Lloyd’s CEO John Neal $2.7mn in foregone incentives after both sides agreed he would not join as president in December
State Farm seeks 6.2% auto insurance rate cut in California as losses ease
State Farm moves to trim California auto rates by 6.2% for early 2026 as comprehensive and collision losses fall across the state
Farmers Insurance seeks 7% rate hike, vows 5% policy growth in wildfire zones
Farmers Insurance plans a 7% rate increase and commits to expanding policies in California wildfire-hit regions while backing the state’s new insurance strategy
Sen. Rick Scott proposes Health Freedom Accounts and cross-state ACA sales
Sen. Rick Scott’s bill would create HSA-style ACA accounts, replace subsidies with direct funding, and let insurers sell ACA plans across state lines
Ontario’s proposed life and health MGA rules trigger pushback over cost and complexity
FSRA’s draft rules for life and health MGAs add fees and broad oversight, prompting warnings they could hurt small advisors and limit consumer access
Florida bill HB 459 pushes mandatory mediation for disputed property claims
HB 459 would require mediation for disputed property insurance claims, creating faster timelines and shifting many cases to administrative hearings
U.S. insurance industry sheds 700 jobs as carriers cut roles
Insurance employment dipped by 700 jobs in September, with steep losses across life, health and P&C carriers while only TPAs added positions
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
Atrium wins Lloyd’s nod to launch property cat and climate Syndicate 2026
Atrium secures backing from trade and institutional capital as Lloyd’s clears new property cat and climate focused Syndicate 2026 for a 2026 launch
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
Cigna Healthcare rolls out Clearity, a copay-only plan built on AI pricing tools
Cigna Healthcare launched Clearity, a copay-only health plan built to strip out deductibles and coinsurance while showing members what they owe before they ever book a visit
Erie Insurance sued over alleged underpayment in Nashville tornado claim
Yellowbird Oil & Gas says Erie Insurance lowballed its tornado loss, offering $704 on a $141k repair estimate after a 2023 EF2 storm
Travelers hit with $27 mn verdict as Alabama fire dispute escalates
Eighth Circuit backs Maxus in a $27mn fire damage fight, ruling soot and water contamination count as covered physical loss
Michigan pushes major PIP overhaul targeting auto and rideshare insurers
Michigan bill aims to reshape PIP rules, set clearer insurer priorities, and redefine coverage for auto, rideshare, and motorcycle accidents
Allstate hit with class action over alleged illegal Lyft insurance setup
Class action claims Allstate and North Light sold illegal Lyft rideshare coverage with exclusions that blocked valid claims in California
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
State Farm drops Georgia auto rates another 3%, saving drivers $400 mn yearly
State Farm drops Georgia auto rates another 3%, saving drivers $400 mn yearly as Commissioner King pressures rival insurers to follow
Blue Cross of Idaho clashes with Post Falls micro hospital over billing
Blue Cross of Idaho pushes regulators to probe a Post Falls micro hospital over heavy dispute filings and rising costs for consumers
U.S. workers brace for 7% employer health insurance premium spikes as politics heat up
Employer health premiums jump up to 7% while ACA costs climb, creating a political minefield for both parties ahead of the midterms
Whistleblowers accuse Farm Bureau P&C Insurance of fraud concealment and retaliation
Two ex-investigators sue Farm Bureau, alleging fraud cover ups, retaliation, and long running pressure to hide cases from state regulators
Insurance costs in New York’s affordable housing world keep rocketing
Insurance premiums for NYC’s rent stabilized buildings jumped 150% since 2019, tightening budgets as a proposed rent freeze stirs fears of worsening conditions
Climate risk drives insurance spikes and slams home values nationwide
Insurance premiums soar across disaster zones, pushing homeowners to sell, reshaping markets, and dragging down property values in hurricane and wildfire regions
New York pushes ZIP code insurance data and climate liability bills
Two New York bills seek granular insurance data and new civil actions against climate disaster contributors to curb rising property costs
Florida lawmakers dropped House Bill 459 into the mix
Florida’s House Bill 459 would require mediation for contested property insurance claims, speeding resolutions and trimming court delays
Lloyd’s probes claims of historic policy breaches as new details surface
Lloyd’s launches a formal investigation into alleged historic policy breaches after new information emerges during a governance review
Delaware court narrows workers comp subrogation rights in UIM cases
Delaware’s high court limits workers comp insurers to boardable damages when pursuing subrogation against UIM recoveries
JAB Insurance moves to acquire Columbian Mutual and CLIC amid rehab
JAB Insurance agrees to buy Columbian Mutual and CLIC, offering capital support as both insurers move through state rehabilitation
SageSure earns Lloyd’s coverholder status and launches new CAT program
SageSure becomes a Lloyd’s coverholder and DCA, expanding CAT-focused homeowners capacity through Trium Syndicate 1322 across five U.S. states
Florida court clears more than 400 Citizens arbitration cases to resume
A Florida court lifted the block on 400+ Citizens arbitration cases, backing DOAH’s authority and rejecting a broad injunction
L&G announces new senior appointments further strengthening its leadership team
L&G names Donna Cowell head of reinsurance for UK protection, adding seasoned actuarial expertise and strengthening its protection strategy
OptumRx, arm of UnitedHealth, joins new bid to block Iowa PBM law after partial injunction
OptumRx challenges Iowa’s PBM law, arguing uneven enforcement and seeking to extend an existing injunction across all affected parties
MS&AD buys 18% of Barings for $1.44 bn to expand global asset reach
MS&AD takes an 18% stake in MassMutual’s Barings for $1.44bn, adding global scale, new capital, and deeper asset management ties
AIG posts Q3 2025 results: $8.7 bn gross premiums, net income $519 mn
AIG reports strong Q3 with $1.2bn AATI, major strategic deals, better underwriting, higher ROE, and $1.5bn returned to shareholders
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
Australia’s Cyclone Reinsurance Pool lowers premiums but risk mitigation still lags
Australia’s cyclone pool eases premiums in high risk regions, yet insurers push for stronger resilience, data alignment and mitigation investment
RenaissanceRe lifts third party capital to $8.5 bn as investor flows surge
RenaissanceRe pushes third party capital to record $8.54 bn, driving JV growth, stronger ILS demand, and fresh balance sheet expansion across its major platforms
Private credit reshapes reinsurance as casualty risks and MGA bets surge
Private credit floods into reinsurance, driving riskier casualty moves and rapid MGA expansion as executives warn of underwriting discipline slipping
AIG appoints Jon Hancock as CEO of General Insurance
Jon Hancock becomes AIG’s General Insurance CEO as John Neal withdraws, reshaping leadership across underwriting, claims and global commercial lines
The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
The US P&C insurance industry recorded a $16.3 bn net underwriting gain in the first three months of 2026, up significantly from a $1 bn loss recorded in the prior-year period
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure