Infinity Loop secures $5 mn seed round to expand AI-driven contract platform
Infinity Loop, an AI-native contract intelligence platform for enterprise vendor management, has raised $5mn in a Seed Round led by Glasswing Ventures and TIAA Ventures
News
Advent to acquire Sapiens in $2.5 bn all-cash deal, taking InsurTech provider private
Sapiens International Corporation, a SaaS software vendor for the insurance sector, will be acquired by private equity firm Advent in a $2.5bn all-cash deal
ePayPolicy secured investment to accelerate insurance payments innovation
ePayPolicy, a provider of digital payment solutions purpose-built for the insurance industry, has secured a strategic investment from private equity firm LLR Partners
Insurtech Naluri secures $5 mn to scale digital health platform in Asia
Naluri, a digital health insurtech provider focused on employee wellbeing, has raised $5 mn in fresh Series B equity, bringing its total Series B funding to $14 mn
Montana Court: Victory Insurance broke state law in workers’ comp shift
The Supreme Court of Montana has upheld regulatory findings that Victory Insurance Co. violated state insurance law by canceling workers compensation policies without consent
C$92 mn in insured losses from Calgary Hailstorm raises pressure on auto insurance
The July 13 hailstorm in Calgary caused an estimated $92mn in insured losses, according to preliminary data from Catastrophe Indices and Quantification
Jasper Wildfire insured losses reach $1.3 bn amid delayed reconstruction
Insured losses from the Jasper wildfire have reached $1.3bn, according to updated figures released by Catastrophe Indices and Quantification
Swiss Re reports $2.6 bn H1 2025 profit, maintains full-year targets
Swiss Re posted a Q2 2025 profit of $1.3bn, bringing net income for the first half to $2.6bn and delivering a return on equity of 23%
NAIC Task Force Reconsiders Life Insurance illustration guidelines
The NAIC Life Actuarial Task Force is revisiting Actuarial Guideline 49-A (AG 49-A), aiming to tighten rules around life insurance illustrations and impose consistent disclosure standards
Arthur J. Gallagher ordered to pay $50 mn earnout after Delaware Court ruling
Arthur J. Gallagher & Co. must pay a $50mn earnout under terms of its acquisition of Patent Insurance Underwriting Services (PIUS) and Newlight Capital
Insurtech Gateway gains approval to operate in Lloyd’s Market
Insurtech Gateway, an incubator focused on early-stage MGAs and SaaS founders, has received authorisation to operate within the Lloyd’s market after securing its Lloyd’s broker licence
Medicare insurtech GoHealth secured $115 mn in new financing
GoHealth secured $115 mn in new financing and overhauled its board as it moves to reinforce its standing in the Medicare market
CyberCube partnered with Wholesure to improve cyber insurance assessments for SMBs
Wholesure, the wholesale brokerage division of Acrisure, has partnered with CyberCube to improve cyber insurance assessments for small and medium-sized businesses
Life insurer Meanwhile appoints Michael Grob as Head of International Distribution
Meanwhile, the Bitcoin-denominated life insurance company, announced the appointment of Michael Grob as Head of International Distribution
Swiss health insurer Klug announced bankruptcy and will cease operations
Swiss health insurance company Klug has announced bankruptcy and will cease operations at the end of the year. The company, with a 107-year history and around 9,300 insured members
Kinetic Insurance Brokers adopted Novidea’s cloud-native insurance platform
Kinetic Insurance, a US-based managing general underwriter, has adopted Novidea’s cloud-native insurance management platform to modernize operations and expand capacity
Reliable Transportation Association rolled out a Physical Damage auto insurance program
Reliable Transportation Association (RTA), a managing general agent and Lloyd’s of London coverholder, has rolled out a Physical Damage insurance program for commercial auto
Severe Convective Storms inflicted $58bn in insured losses – ZestyAI’s research
Severe Convective Storms (SCS) inflicted $58bn in insured losses in 2024, surpassing hurricanes and ranking as the second-costliest year on record for these events
NFP deployed Qumis, AI platform for insurance lawyers, to overhaul P&C operations
NFP has deployed Qumis, an AI platform developed by insurance lawyers, to overhaul its property and casualty operations
AI-insurtech Honeycomb expands admitted capacity in 18 U.S. states
AI-insurtech Honeycomb Insurance has teamed up with Trisura Insurance Company to expand admitted capacity in 18 U.S. states
TransRe partners with insurtech Cytora to digitize facultative reinsurance
TransRe has struck a global deal with Cytora to digitize its facultative reinsurance operations. The new system frees underwriters and claims specialists to focus on complex risks
Marsh launched indemnification coverage for investbanks within D&O insurance
Marsh introduced a new indemnification coverage for investment banks within its directors and officers liability (D&O) insurance program
Prudential signed $4 bn longevity risk transfer deal with NN Life & Pensions
Prudential Financial’s subsidiary signed a $4 bn longevity risk transfer deal with NN Life & Pensions, part of NN Group
Howden confirmed the successful repricing of its $3.1bn USD Term Loan B
Howden Group, the global insurance intermediary, has confirmed the successful repricing of its $3.1bn USD Term Loan B due 2031 and its £765m Revolving Credit Facility
Inclined Technologies secures $8 mn Series B to expand whole life insurance platform
Inclined Technologies, a digital platform that simplifies access to the living benefits of whole life insurance, has closed an $8mn Series B round
48% of insurers skip licensing catastrophe models despite record losses – Aon
Aon’s Catastrophe Risk Management Survey found that 48% of insurers do not license catastrophe models, and only 27% maintain dedicated model evaluation teams
Hannover Re posted €13.3 bn in gross reinsurance revenue for H1 2025
Hannover Re posted €13.3bn in gross reinsurance revenue for H1 2025, a 3.3% increase year-on-year, driven by growth in P&C offsetting a small contraction in L&H
Lloyd’s specialty insurer Atrium expands aviation team
Lloyd’s specialty insurer Atrium has named Rob James as Underwriter in its Aviation division.James will work alongside Bassel Matta, Head of Aviation
Factory Mutual Insurance faces $100 mn business interruption claim over Texas petrochemical blast
Factory Mutual Insurance Co. must defend against a $100mn business interruption claim tied to a 2019 explosion at a Texas petrochemical plant
Lancashire names new CEOs in UK and Bermuda as leadership transitions begin
Lancashire Syndicates and Lancashire Insurance Co.will see a change at the top in early 2026. Rachel Sabbarton will take over as CEO of Lancashire Syndicates
Manulife reports strong 2Q2025 earnings, recording net income of $1.8 bn
Manulife Financial Corporation delivered a solid second quarter in 2025, recording net income of $1.8 bn, a sharp $0.7 bn increase over the same period last year
Insurance losses from the floods in South Korea pressures on non-life insurers
The estimated insurance losses from the unexpectedly severe floods in South Korea will place pressure on the financial performance of the country’s non-life insurers
Manulife Financial acquires 75% stake in Comvest Credit Partners for $937.5 mn
Manulife Financial Corp. will acquire a 75% stake in Comvest Credit Partners for $937.5 mn, a move aimed at expanding its private credit platform
AIG navigates Russia-related aviation claims stemming from stranded aircraft
AIG continues to navigate Russia-related aviation claims stemming from aircraft stranded after the 2022 invasion of Ukraine
MetLife reports 2Q 2025 results with strong international growth
MetLife announced second-quarter 2025 results that reflect continued execution of its New Frontier strategy, building value for customers and shareholders despite a softer earnings quarter
Assicurazioni Generali reported higher H1 2025 earnings driven by growth across all business units
Assicurazioni Generali reported higher H1 2025 earnings driven by growth across all business units. The Italian insurer is reviewing a proposed €6.3 bn sale of its banking arm
Global reinsurance capacity continues to outpace incremental demand
Ample global reinsurance capacity continues to outpace incremental demand from cedants, shifting pricing power toward buyers, especially in property
iCover expands insurer network, reaching 30 life insurance partnerships
iCover, an algorithmic underwriting platform built for speed and scale, has increased its partner network by one-third over the past year
CyberCube partners with Wholesure to enhance cyber insurance for SMBs
Cyber risk analytics firm CyberCube has signed a strategic agreement with Wholesure, the wholesale brokerage division of Acrisure, a global fintech and insurance brokerage group
Insurtech bolttech and iBox launch TecProtec with AppleCare Services in Indonesia
Embedded insurtech bolttech has partnered with iBox, Indonesia’s largest Apple Premium Reseller and part of Erajaya Digital, to introduce TecProtec with AppleCare Services
Insurity doubles down on insurance claims tech with AI, automation and UX upgrades
Insurity, a cloud-native software provider for insurers, MGAs, and brokers, has shifted its development focus toward modernising claims operations
IntellectAI launches two specialised InsurTech ecosystems for insurers
IntellectAI has introduced two specialised InsurTech ecosystems designed for the distinct operational needs of insurance carriers, MGAs, brokers
Aon highlights rising cyber threats across Asia-Pacific, with focus on India
Aon highlights new trends in cyber threats across the Asia-Pacific region. The data draws from Cyber Quotient Evaluation (CyQu) scores
StarStone Insurance fights coverage in view SPAC litigation
StarStone Specialty Insurance has filed suit in federal court, aiming to avoid coverage obligations tied to a high-profile SPAC merger involving smart glass company View Inc
Pennsylvania Bill proposes workers’ comp insurance coverage for medical marijuana
House Bill 1766 seeks to mandate that insurers reimburse qualifying patients for medical marijuana expenses under the state’s Workers’ Compensation Act
The US economy absorbed $2.9 tn in losses from climate-related disasters between 1980-2024
The US economy absorbed nearly $2.915 tn in losses from climate-related disasters between 1980 and 2024. Incidents like the Palisades wildfires, Hurricane Helene
The UK’s commercial motor insurance market remains slow to shift toward electric vehicles
The UK’s commercial motor market remains slow to shift toward electric vehicles, complicating efforts by insurers to control rising claim costs and manage shifting risk profiles
Software Circle acquires 95% stake in Irish Fintech AIF for up to €9 mn
Software Circle, a London-listed software investment firm, has acquired a 95% stake in Dublin-based fintech Artificial Intelligence Finance (AIF) in a deal valued at up to €9mn
Home insurtech Hippo reported positive Q2 2025 results: $299 mn premium reached, $1 mn in profit
Home insurtech Hippo reported its first-ever positive net income in Q2 2025, closing the quarter with $1 mn in profit. Gross written premium reached $299mn, up 16% from $258mn a year earlier
Aon appoints former AARP CEO Jo Ann Jenkins to Board of Directors
Aon announced that Jo Ann Jenkins will join its Board of Directors effective August 15, 2025. Jenkins brings decades of leadership across nonprofit, public, and corporate sectors
AI insurtech Floodbase launches on-demand U.S. flood mapping tool for insurers
Floodbase has rolled out a near-real-time flood mapping platform across the continental U.S., offering on-demand event-based licensing
Insurtech Datos Insights acquired of InsTech, the insurance innovation community
Datos Insights, a global provider of data and advisory solutions to the financial services and insurance industries, has announced the acquisition of InsTech
FCA fines Woodford Investment Management over fund mismanagement
The Financial Conduct Authority (FCA) has issued fines against Neil Woodford and his firm, Woodford Investment Management (WIM), citing mismanagement of the Woodford Equity
Lloyd’s appoints Stephane Flaquet as Chief Operating Officer
Lloyd’s has appointed Stephane Flaquet as its new chief operating officer, effective Sept. 1, pending regulatory approval. He will also join the executive leadership team
California Department of Insurance targets FAIR Plan over smoke damage claim denials
The California Department of Insurance (CDI) has issued a show cause order against the FAIR Plan, accusing it of systematically denying smoke damage claims using policy language
Investors completed the €3.5 bn acquisition of life insurance platform Viridium
A group of institutional investors has completed the €3.5bn acquisition of Germany-based life insurance platform Viridium Group from private equity firm Cinven
Global P&C insurance market remained stable, with ongoing competition in property lines
The global P&C insurance market remained stable, with ongoing competition in property lines and cautious underwriting in casualty segments
Court backs United National Insurance on evidence ruling in Hurricane Laura claim dispute
The Fifth Circuit Court of Appeals upheld a key evidentiary ruling in a dispute between a policyholder and United National Insurance Co., but criticized the lower court for improperly disregarding
Insurtech Lemonade reduced Q2 net loss by 23%, in-force premium reached $1.1 bn
Lemonade Inc. reduced its Q2 net loss by 23%, reporting a loss of $44mn as premium volume continued to climb. Net earned premiums rose to $112.5mn, up from $89.3mn year-over-year
Avantia Group launches AI claims tool ‘Holmes’ to combat insurance fraud
Avantia Group, the digital home insurance company behind the direct-to-consumer brand Homeprotect, has introduced an AI-powered claims tool named Holmes
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
The first notice of loss (FNOL) is the starting point for every insurance claim. It sets the tone for the entire claims cycle. And for years, this process has been manual
InsurTech funding crossed a significant milestone in Q2 2025, with $60.8bn raised since records began in 2012. The data reflects the scale of investor appetite over 10Y