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 has partnered with Hyundai Capital America, the finance arm of Hyundai Motor Group
Rokstone, the international (re)insurance division of Aventum Group, has signed a five-year capacity agreement with Allianz Global Corporate and Specialty
The Contractual Service Margin (CSM), part of IFRS 17, gives users clearer information on insurers’ expected profits
The Missouri Senate has passed a bill allowing the Missouri Farm Bureau to sell health benefit plans that bypass federal consumer protection rules
Insurance Commissioner Ricardo Lara announced the approval of the California FAIR Plan Association’s commercial filing to increase commercial property coverage limits
Insurers face losses between $1 bn and $3 bn from a severe weather outbreak in mid-March, according to Gallagher Re
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 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
The European Insurance and Occupational Pensions Authority launched a public consultation focused on AI governance and risk management
The recent budget resolution passed by House Republicans may increase margin pressure for U.S. health insurers operating in Medicaid
U.S. life insurers have recently transferred long-term care (LTC) insurance reserves to reinsurers to lower risk and reduce exposure
Higher government bond yields driven by increased defence spending benefit most European insurers, according to Fitch Ratings
Chinese insurers have begun using the AI model DeepSeek in their operations. According to AM Best, the model could improve efficiency
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 financial performance in 2024, increasing its Group net income and proposing a 25% higher total dividend
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 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 Corporation issued new guidance for banks under its supervision that are involved or planning to be involved in crypto
Kin Interinsurance Network, managed by digital home insurtech Kin, has closed a $300mn catastrophe bond deal through Hestia Re
Emerald Holding has acquired Insurtech Insights, a London-based company focused on the insurance technology sector
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, the technology division of Kennedys Law, launched Kennedys IQ SmartRisk, the first fully explainable neuro-symbolic AI risk analysis solution
Hannover Re, an Europe’s top reinsurers, has secured $20 mn of retrocessional protection for losses from sustained cloud outages
Mitsui Sumitomo Insurance (MSI), a Japanese property and casualty insurer, has agreed to acquire 15% of the outstanding common stock of W. R. Berkley
Sompo Insurance, a Tokyo-based insurance group, has expanded its operations in Continental Europe by securing regulatory approval to provide primary insurance
Cinven is finalizing the sale of Viridium Group, Germany’s largest life insurance administrator, to a consortium led by Allianz for €3.5bn
Germany’s Federal Financial Supervisory Authority (BaFin) is scrutinizing 30 to 40 insurance companies with significant alternative asset holdings
The next phase of Blueprint Two, an electronic platform developed by Lloyd’s and Velonetic, will be delayed beyond 2025
Lloyd’s underwriter Chaucer Group announced an international direct and facultative property “Smart” consortium using InsurX’s exchange technology
China Life Insurance more than doubled its 2024 profit due to rapid asset growth and a reversal in investment income from a previous loss
Utah Insurance Commissioner Jon Pike has petitioned the court to place Sentinel Security Life Insurance, Haymarket Insurance, Jazz Reinsurance under rehabilitation
NAIC Life Actuarial Task Force is developing new rules to assess the accuracy of offshore reinsurance agreements
Lloyd’s Syndicate 1699 reported a larger loss in 2024 after exiting directors and officers (D&O) and transactional liability business due to market softening
The National Association of Insurance Commissioners (NAIC) has outlined its federal priorities for 2025, advocating for the elimination of the FIO
Swiss Re plans to sell 11.7 mn common shares of Definity Financial Corp., a Canadian property/casualty group, for C$655 mn
The financial sector is rapidly evolving under the influence of technology, making banking and financial services faster, more accessible, and more secure
Air Lease Corp. (ALC) secured a partial insurance settlement of $328.5 mn over aircraft stranded in Russia. The proceeds, received as cash, will be recorded as an insurance recovery
Severe weather events cost Canadian commercial carriers over C$1.7bn ($1.19bn) in 2024, according to Catastrophe Indices and Quantification
A consortium led by Allianz SE, BlackRock, and Japan’s T&D Holdings will acquire Viridium Group, a German life insurance consolidator, for €3.5bn
PERILS, a Zurich-based organization providing catastrophe insurance data, released its third industry loss estimate for the Central Europe and Italy floods
Lloyd’s of London announces its full year 2024 financial result. 2024 saw the continuation of positive returns, with profit before tax of £9.6bn
The Doctors Co., the largest physician-owned medical liability insurer in the U.S., will acquire ProAssurance Corp. for $1.3 bn
Private equity firm IK Partners announced that one of its funds will acquire a minority stake in Seventeen Group, a London-based company
The European Insurance and Occupational Pensions Authority’s proposed sustainability risk rules would duplicate existing regulations and increase costs
Vienna Insurance Group boosted its 2024 profit despite taking a €617 mn hit from flooding caused by storm Boris in Central and Eastern Europe
A new Senate bill seeks to extend the National Flood Insurance Program (NFIP) through December 2026, aiming to end a decade of frequent short-term extensions
Allstate Corp. is being sued by the New York attorney general, who claims its subsidiary, National General Holdings Corp., failed to protect consumer data
Only 25% of insurers surveyed have fully adopted digitalization across their value chain, while 10% have made minimal use of digital technologies
Fairfax Financial Holdings Ltd. has appointed Amy Sherk as chief financial officer, replacing Jennifer Allen
Swiss Re published its Annual Report 2024, Sustainability Report 2024 and the invitation for the upcoming Annual General Meeting of shareholders
Insurtech Norm Ai, a compliance AI platform, secured $48 mn in new funding, reflecting strong investor confidence in its technology
EU insurance markets could gain from a proposed public-private reinsurance scheme for climate-related losses
Allianz will continue as the worldwide insurance partner of the Olympic and Paralympic Winter Games French Alps 2030 and the Olympic and Paralympic Games Brisbane 2032
Allianz SE entered into binding share purchase agreements with Bajaj Finserv to sell its 26% stake in its successful non-life and life insurance joint ventures – Bajaj Allianz General Insurance
After a mixed pricing environment at the January 1, 2025, reinsurance renewals, Moody’s analysts expect property catastrophe reinsurance pricing to stabilize
Flood Re has secured £140 mn in retrocession reinsurance coverage with its first catastrophe bond, Vision 2039 – Series 2025-1
Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, has formed a partnership with InsCipher
ZestyAI announced today that Lemonade, the digital insurance company powered by AI and social impact, has adopted the ZestyAI platform to further optimize underwriting
Insurtech ZestyAI, an AI-driven climate and property risk analytics provider, has partnered with the Colorado FAIR Plan to improve insurance access for homeowners
