Chapter raised $75 mn in Series D to expand Medicare & retirement services
Chapter, a Medicare guidance insurtech platform headquartered in New York, secured $75mn in Series D funding led by Stripes
News
UK-based insurtech Ripe completes acquisition of GJW Direct from Munich Re
UK-based insurtech Ripe has completed the acquisition of marine insurance provider GJW Direct from Munich Re Specialty
Insurtech XChange TEC INC acquired a Hong Kong-based insurance broker
Chinese insurtech XChange TEC INC has acquired a Hong Kong-based insurance broker, establishing a base to expand its services across China
Louisiana considers auto insurance premium tax credit legislation
A bill under review in the Louisiana legislature proposes a tax credit for policyholders paying high automobile insurance premiums
Lloyd’s market delivers strong investor returns amid shifting business mix
In 2024, Lloyd’s delivered strong returns to investors, with overall market profits just below the previous year’s record high
Australian ASIC sues Hollard Insurance over prolonged claim handling
The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against Hollard Insurance Partners, alleging serious failures
Illinois Senate considers study on insurance rating practices & potential disparities
The Illinois Senate is reviewing House Bill 1234, which mandates a study into whether insurers’ use of ZIP codes, credit scores, age, and other underwriting criteria results
China’s NAFR eases investment limits for insurers to boost real economy
China’s National Administration of Financial Regulation (NAFR) is raising equity allocation ratios for certain assets and increasing the cap on venture capital fund
Texas Court overturns $25 mn judgment for Exxon in refinery explosion insurance dispute
A Texas appellate court overturned a prior $25 mn judgment awarded to Exxon Mobil Corp. and ExxonMobil Oil Corp. in a dispute with Lexington Insurance Co
Appeals Court rules State Auto Insurance denied E&O coverage in $13.3 mn death case
The 6th Circuit Court of Appeals upheld a lower court decision that State Auto Insurance Co. was not entitled to coverage under its errors and omissions (E&O) insurance
Marsh launches CyberShore Bermuda up to $30 mn in excess cyber insurance capacity
Marsh, the insurance broker and risk advisor, and a business of Marsh McLennan, announced the launch of CyberShore Bermuda, an exclusive, excess cyber insurance
Tesla Insurance removes forward-collision warnings from Safety Score Program
Tesla Insurance Services Inc. has removed forward-collision warnings from the list of metrics used in its Safety Score Beta program
Swiss Re shareholders approve all proposals at Annual General Meeting
Swiss Re’s shareholders approved all motions put forward by the Board of Directors at today’s Annual General Meeting
Ageas acquires esure for £1.3 bn, expanding UK insurance market position
Ageas has reached an agreement with Bain Capital to acquire esure, a UK-based digital personal lines insurer, for a cash consideration of £1.3 bn
UK non-life insurance sector maintains stable outlook – AM Best
AM Best has reaffirmed a stable near-term outlook for the United Kingdom’s non-life insurance sector
wefox finalised a funding agreement up to €170mn, led by Searchlight Capital
Insurtech wefox is close to finalising a funding agreement valued at up to €170mn, led by private equity firm Searchlight Capital Partners
Senator Miller introduces Minnesota Bitcoin Act to advance state crypto adoption
Senator Jeremy Miller introduced the Minnesota Bitcoin Act (SF2661), aiming to expand the state’s financial tools by incorporating crypto into state investment strategies
Changes in U.S. tariffs may continue to strain insurers’ financial positions
Although a 90-day pause is currently in place, recent fluctuations in stock and bond markets caused by changes in U.S. tariffs may continue to strain insurers’ financial positions
A growing cyber insurance protection gap is affecting small businesses – CyberCube report
A growing cyber protection gap is affecting small businesses. A recent report by CyberCube outlines a growing gap in cyber insurance coverage
Pool Re secures £100 mn in third catastrophe bond to expand private terrorism risk cover
Pool Re, the UK terrorism reinsurance provider, completed its third catastrophe bond placement—Baltic PCC Limited (Series 2025-1)
Florida Insurance Regulator seeks full independence from Financial Services Department
The Florida Office of Insurance Regulation (OIR) has proposed ending its placement within the state’s Department of Financial Services
EC approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine
The European Commission approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine. Poland backs the scheme, which supports insurance
Willis and The Nature Conservancy structured a $2.5 mn wildfire insurance in California
Willis and The Nature Conservancy structured a $2.5bn wildfire insurance policy in California, incorporating risk reduction efforts
CC Capital completed a $250mn investment in Canadian Westaim
CC Capital has completed a $250mn investment in Westaim Corp., a Canadian company that will operate as an insurance and asset management platform
FMA files civil case against IAG New Zealand over $19.3 mn in overcharges affecting 269,000 customers
The Financial Markets Authority (FMA) has filed civil proceedings against IAG New Zealand in the High Court in Auckland for breaching fair dealing provisions under the Financial Markets Conduct Act
Swiss Re joins GAM to co-manage $3bn Cat Bond and ILS Funds
Swiss Re will begin co-managing GAM Investments’ $3bn insurance-linked securities (ILS) funds, including the GAM Star Cat Bond UCITS Fund
MS&AD Insurance will sell 15.1% stake in Challenger to TAL Dai-ichi Life Australia
MS&AD Insurance Group Holdings will sell its 15.1% stake in Challenger Ltd. to TAL Dai-ichi Life Australia, a subsidiary of Dai-ichi Life Holdings
Insurtech Kita secured £22.5 mn in underwriting capacity to cover carbon credit risks
Lloyd’s coverholder Kita has secured £22.5mn in underwriting capacity for 2025 to cover carbon credit risks globally. The increase signals growing recognition of insurance
How US tariffs could affect the insurance sector? J.P. Morgan forcast
J.P. Morgan recently examined how US tariffs could affect the insurance sector. The analysis shows that personal lines insurers, such as those offering auto and home insurance
Equitable Holdings to acquire 17.9% additional stake in AllianceBernstein for $761 mn
Equitable Holdings announced preliminary results of its cash tender offer to acquire up to 46 mn units of AllianceBernstein Holding L.P. at $38.50 per unit
Insurtech hyperexponential launched hx AI, a set of AI-powered tools
Insurtech hyperexponential (hx) has launched hx AI, a set of AI-powered tools aimed at improving pricing, actuarial, and underwriting processes
Insurtech Peak3 drives insurance customer engagement with new model
Insurtech Peak3 introduces a new model that increases customer interaction through its accumulator insurance propositions
Illinois court upholds stay in Boy Scouts of America abuse insurance coverage dispute
An Illinois appellate court upheld the decision to pause National Surety Corp.’s lawsuit, which claimed it held no duty to cover sexual abuse allegations against the Boy Scouts of America
Willis expanded CyXS Plus and CyXS Co cyber facility
Willis expanded its CyXS cyber facility, now offering $115mn of capacity through Lloyd’s syndicates and up to $40mn from insurers outside Lloyd’s
United HealthCare settles $3.5mn lawsuit over unsolicited AI robocalls
United HealthCare Services agreed to a $3.5mn settlement in a class-action lawsuit over claims it used artificial and prerecorded voices
American Coastal Insurance finalized the sale of Interboro Insurance
American Coastal Insurance Corp. has finalized the sale of Interboro Insurance Co., a New York-based personal lines carrier, to Forza Insurance Holdings, LLC
Louisiana considers $10,000 penalty for age-based auto insurance rate increases
Louisiana lawmakers are reviewing House Bill 258, which adds a financial penalty for insurers that raise auto insurance rates solely because a policyholder turns 65
Louisiana lawmakers examine law & practices behind auto insurance rates
Louisiana lawmakers are reviewing how state law limits transparency in personal injury jury trials as residents continue to face some of the highest auto insurance premiums in the country
Insurtech Root Insurance partnered with Hyundai Capital America
Insurtech Root Insurance has partnered with Hyundai Capital America, the finance arm of Hyundai Motor Group
Rokstone and Allianz sign 5Y capacity deal to expand specialty insurance lines
Rokstone, the international (re)insurance division of Aventum Group, has signed a five-year capacity agreement with Allianz Global Corporate and Specialty
Contractual Service Margin, part of IFRS 17, gives users information on insurers’ profits
The Contractual Service Margin (CSM), part of IFRS 17, gives users clearer information on insurers’ expected profits
Missouri Senate passed a bill allowing the Missouri Farm Bureau to sell health insurance plans
The Missouri Senate has passed a bill allowing the Missouri Farm Bureau to sell health benefit plans that bypass federal consumer protection rules
California approves major FAIR Plan expansion to help access insurance coverage
Insurance Commissioner Ricardo Lara announced the approval of the California FAIR Plan Association’s commercial filing to increase commercial property coverage limits
U.S. insurers face losses between $1 bn and $3 bn from a severe weather outbreak in March
Insurers face losses between $1 bn and $3 bn from a severe weather outbreak in mid-March, according to Gallagher Re
SMBC ends Irish court battle over stranded aircraft in Russia, nears final insurer settlements
SMBC Aviation Capital has dropped litigation in an Irish court against some insurers over aircraft stranded in Russia. The company said it reached confidential commercial settlements
Lawmakers are reviewing a bill to establish the Minnesota Lifeline Insurance Program
Lawmakers in Minnesota are reviewing a bill to establish the Minnesota Lifeline Insurance Program, aimed at offering low-cost auto insurance to eligible low-income drivers
EIOPA launched a public consultation focused on AI governance in insurance
The European Insurance and Occupational Pensions Authority launched a public consultation focused on AI governance and risk management
Federal budget cuts may increase Medicaid margin pressure for U.S. health insurers
The recent budget resolution passed by House Republicans may increase margin pressure for U.S. health insurers operating in Medicaid
U.S. life insurers use reinsurance to improve capital efficiency
U.S. life insurers have recently transferred long-term care (LTC) insurance reserves to reinsurers to lower risk and reduce exposure
Higher bond yields from defence spending support European insurers
Higher government bond yields driven by increased defence spending benefit most European insurers, according to Fitch Ratings
AI model DeepSeek may improve efficiency for China’s insurers but adds risk
Chinese insurers have begun using the AI model DeepSeek in their operations. According to AM Best, the model could improve efficiency
Life insurance sector changed significantly in the 5Y since COVID-19 – Moody’s
Moody’s reports that the life insurance sector has changed significantly in the five years since COVID-19. The pandemic reshaped several industries, including insurance
Hannover Re reported a strong performance in 2024: net income rises to EUR 2.3 bn
Hannover Re reported a strong financial performance in 2024, increasing its Group net income and proposing a 25% higher total dividend
Insurtech Lemonade surpassed $1 bn in In Force Premium in 2025
Lemonade, an AI-driven insurtech unicorn, has surpassed $1 bn in In Force Premium (IFP), reaching this milestone 8.5 years after selling its first policy
North Carolina proposes bills to allocate State retirement funds to crypto and bitcoin
North Carolina lawmakers have proposed twin bills in the House and Senate to allocate up to 5% of state retirement funds to crypto assets
Federal Deposit Insurance Corp updates guidance on banks engaging in crypto
Federal Deposit Insurance Corporation issued new guidance for banks under its supervision that are involved or planning to be involved in crypto
Kin Interinsurance Network secures $300 mn Florida reinsurance via Hestia Re
Kin Interinsurance Network, managed by digital home insurtech Kin, has closed a $300mn catastrophe bond deal through Hestia Re
Emerald acquired Insurtech Insights, a B2B company focused on the insurance technology sector
Emerald Holding has acquired Insurtech Insights, a London-based company focused on the insurance technology sector
Insurtech Peak3 accelerates expansion in the UK & Europe after $35 mn Series A
Insurtech Peak3 is pushing forward with its expansion in the UK and Europe after raising $35 mn in a Series A funding round
Insurtech Kennedys IQ launches neuro-symbolic AI solution for insurance market
Insurtech Kennedys IQ, the technology division of Kennedys Law, launched Kennedys IQ SmartRisk, the first fully explainable neuro-symbolic AI risk analysis solution
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