SoundHound AI to acquire LivePerson in $250 mn enterprise value deal
SoundHound AI will acquire LivePerson to combine voice AI, agentic automation, and digital messaging across enterprise customer service workflows
News
Intuitech and UNIQA have unveiled NiQA, a next-generation AI claims platform
Intuitech and UNIQA have unveiled NiQA, a next-generation AI claims platform capable of handling complex insurance claims entirely autonomously
UNIQA raises solvency ratio to 275% after strong 2025
UNIQA increased premiums to €8.4 bn, lifted profit before tax to €516.4 mn, and strengthened its Solvency II ratio to 275% in 2025
UNIQA partners with insurtech bsurance to launch embedded insurance platform
UNIQA teams up with bsurance in Austria to integrate insurance directly into digital purchase journeys across e-commerce, retail, and travel
Insurtech Simply Business launches ChatGPT app for instant insurance pricing
Simply Business rolls out a ChatGPT app in the U.S. and UK, offering small businesses fast indicative insurance pricing with minimal inputs
AI insurtech Cytora integrates LexisNexis data to automate U.S. underwriting
Cytora partners with LexisNexis Risk Solutions to embed data and analytics into AI-driven underwriting workflows for faster risk decisions
Liberty Mutual taps insurtech Ethos to launch instant digital life insurance
Liberty Mutual partners with Ethos to deliver a fully digital, no-exam life insurance journey with instant decisions
Courier Health raises $50 mn to scale AI patient engagement platform
Courier Health secures Series B funding to expand its AI platform addressing fragmented patient journeys in life sciences
BayCare pilots hospital robotics with Rovex to streamline logistics
BayCare tests robotic transport workflows with Rovex to reduce operational strain and improve efficiency across hospital operations
Cyera acquires Ryft for up to $130 mn to expand AI data security
Cyera buys Ryft to strengthen controls over AI-driven data access as enterprises face rising risks from autonomous systems
Robinhood Ventures Fund invests $75 mn in OpenAI to open private markets
Robinhood Ventures Fund I adds OpenAI stake, aiming to give retail investors access to high-growth private tech companies
AfterQuery raises $30 mn to scale expert AI training data platform
AfterQuery secures Series A funding at a $300 mn valuation as demand grows for high-quality data powering professional AI systems
Luminai raises $38 mn Series B to scale AI healthcare automation
Luminai secures new funding to expand its platform for automating complex administrative workflows across U.S. healthcare providers
Insurtech Fulcrum acquires crypto platform Megaphone to deepen product capabilities
Fulcrum acquires Megaphone and hires its founders to strengthen product development as it scales software for insurance brokerages
Insurtech Flock launches a data-driven haulage fleet product with Admiral
Flock launches a data-driven haulage fleet product with Admiral, targeting one of the UK’s largest commercial vehicle segments
TAL expands Microsoft deal to scale AI and cloud across life insurance
TAL signs a five-year agreement with Microsoft to expand cloud infrastructure, build AI tools, and strengthen workforce skills across its operations
Allianz Turkiye deploys Nettle AI to accelerate property risk inspections
Allianz Turkiye adopts Nettle’s AI platform, cutting inspection turnaround times and delivering same-day structured risk data to underwriters
Insurtech Openly secures growth funding and expands Allianz Re partnership
Openly raises new capital and strengthens reinsurance backing with Allianz Re to support U.S. expansion and deepen independent agent partnerships
Barbados targets MGA growth as global model scales past $104 bn
Barbados positions itself as a competitive MGA domicile, backed by regulatory efficiency, tax advantages, and rising demand for specialized insurance structures
McLarens expands affiliate network with partners in Channel Islands and Georgia
McLarens adds Quantum Adjusting and BE Group as affiliates, strengthening local claims expertise in the Channel Islands and the Caucasus
Digital insurance growth in Africa meets reinsurance capacity gap
Digital insurance expands across Africa and the Middle East, yet weak reinsurance capacity and rising motor losses raise pressure on sustainability
Connecticut court says rental car passengers can access uninsured motorist cover
The Connecticut Supreme Court ruled that passengers injured in a rental car crash can claim uninsured motorist benefits under the driver’s Progressive policy when bodily injury coverage applies to the rental vehicle
Albertsons agrees $774 mn opioid-related claims settlement as legal overhang nears end
Albertsons will pay $774 mn over nine years to settle opioid claims, taking a roughly $600 mn charge that pushed the grocer to a quarterly loss
Florida extends oversight of American Mobile as mobile home insurance strain deepens
Florida regulators extended supervision of American Mobile Insurance Exchange again, as coverage gaps and rising premiums continue to pressure the mobile home market
EBR Systems breach highlights rising cyber pressure on Australia’s healthcare sector
A cyber incident at EBR Systems points to a wider rise in targeted attacks across Australia, where healthcare data carries high value and breach fallout often extends well beyond initial disruption
Data center insurance demand opens $10 bn premium opportunity, says S&P
S&P Global Ratings said insurance demand tied to data center construction could reach $10 bn in premiums in 2026 as AI-driven expansion reshapes risk markets
VIG Re posts strong 2025 profit and launches VIGRe28 growth strategy
VIG Re reported EUR 49 mn in pre-tax profit for 2025, improved underwriting results, and launched VIGRe28 to drive expansion across Europe and Asia
Atrium rolls out Sofix’s BrokerBrief to automate claim analysis across Lloyd’s business
Atrium deployed Sofix’s BrokerBrief across all classes of business, adding AI-generated claim summaries and document analysis directly into claims handling workflows
COVU launches COVU OS to rebuild insurance agency workflows around AI
COVU introduced COVU OS, an AI-native operating layer for insurance distribution built to route service tasks across AI, agents, and offshore teams
PERILS lifts Victoria bushfire insurance loss estimate to AUD 810 mn
PERILS raised its second industry loss estimate for the January 2026 Victoria bushfires to AUD 810 mn, with a further update due in July
DXC launches AI insurance apps with ServiceNow to speed insurer transformation
DXC introduced three Assure Smart Apps built on ServiceNow, targeting claims, customer engagement and underwriting with faster deployment and lower manual workload
ICMR values Lloyd’s above $100 bn in latest syndicate market review
ICMR said Lloyd’s would be worth more than $100 bn if listed, as record profits and stronger returns sharpen focus on capital access and syndicate performance
Life reinsurance capital tops $160 bn as third-party investors expand
Guy Carpenter says global life reinsurance capital is set to rise above $160 bn in 2025, with third-party backing and asset-intensive deals driving faster growth
Cayman Islands gains ground in asset-intensive reinsurance, says PwC
PwC said asset-intensive reinsurance is helping turn the Cayman Islands into a larger hub for capital-efficient reinsurance as sector assets and premiums keep climbing
WTW warns general aviation rate cuts could fade as capacity comes under pressure
WTW said general aviation insurance stayed competitive in early 2026, though major losses, M&A activity and reinsurance pressure could tighten capacity and slow rate reductions
EIOPA and ESM propose EU catastrophe pool to narrow insurance gap
EIOPA and the ESM proposed an EU-wide catastrophe risk-sharing framework to improve insurance access, support affordability and keep private insurers at the centre
Insurtech Kin adds Okta CFO Brett Tighe to board as growth push continues
Kin appointed Okta CFO Brett Tighe to its board, adding public-company finance experience as the insurer expands home, auto and home financing products
Verisk says claims fell in 2025 as losses grew more concentrated
Verisk reported lower insurance claim volumes in 2025, though wildfire, motor theft, gig work and newer liability risks drove tougher loss patterns
Vienna Insurance Group reshapes leadership across group and Austrian subsidiaries
Vienna Insurance Group approved board changes across the group, Wiener Städtische Versicherung and DONAU Versicherung, with all appointments taking effect on 1 July 2026
Aon sees Lloyd’s legacy deal activity picking up as capital discipline tightens
Aon expects legacy transactions at Lloyd’s to accelerate as softer reinsurance conditions, M&A activity and focus on historic risk push carriers toward balance sheet action
Westfield Health nears £100 mn revenue as it launches Evolve platform
Westfield Health introduced Evolve, a digital platform for intermediaries, as revenue approaches £100 mn and demand grows for flexible health benefits
Starfish Space raises $100 mn+ to scale in-orbit servicing missions
Starfish Space secured over $100 mn in Series B funding to expand its Otter servicing missions and meet rising demand from defence and commercial clients
Herbert Ventures launches €32.5 mn fund to back early-stage DeepTech founders
Zurich-based Herbert Ventures launched a €32.5 mn fund targeting pre-Seed and Seed startups across Europe, with a focus on fast execution and founder alignment
MillTech secures €51 mn from Apax to expand FX risk platform
London-based MillTech raised €51 mn from Apax Digital Funds, valuing the firm at €277 mn as it scales AI-driven FX hedging and treasury solutions
Round Treasury raises €5.1 mn to scale AI finance automation platform
London-based Round Treasury secured €5.1 mn in Seed funding to expand its AI-driven platform and launch Agentic Workflow Builder and Autonomous Payroll
Nesto raises €11 mn to scale AI workforce platform for hospitality
Karlsruhe-based Nesto secured €11 mn from Expedition Growth Capital to expand its AI-driven workforce management platform across Europe
Intelligent AI enters US market to tackle property underwriting data gaps
Intelligent AI expanded into the US via the Connecticut InsurTech Corridor, targeting incomplete submissions and data quality issues in property underwriting
Aon expands data center insurance program to $3.5 bn capacity
Aon increased its Data Center Lifecycle Insurance Program to $3.5 bn, adding coverage for operational data centers as digital infrastructure risks grow
FinTech Pipe raises $16 mn to expand embedded finance for small businesses
FinTech Pipe secured $16 mn to scale its embedded financing platform after originating more than $300 mn in advances to SMBs globally
Portal Space raises $50 mn in Series A to scale maneuverable spacecraft development
Portal Space secured $50 mn in Series A funding to advance Starburst and Supernova vehicles, targeting rapid orbital maneuverability for defence and commercial use
Healthtech Chapter raises $100 mn in Series E to scale AI Medicare platform
Chapter secured $100 mn led by Generation Investment Management, doubling valuation as it expands AI-driven Medicare and retirement tools
Slate Auto raises $650 mn to push low-cost electric truck into production
Slate Auto secured $650 mn in Series C funding to support production of its affordable electric pickup, with first deliveries targeted for late 2026
Ukrainian Obriy AI raises $500k to scale multi-agent platform for enterprise & government
Kyiv-based Obriy AI secured $500,000 in pre-seed funding from N1 Investment Company to expand SURE, its workflow automation platform for enterprise and public-sector use
Harmix raises $1 mn to launch proactive AI manager for SMBs
Toronto-based Harmix secured $1 mn to launch Pam, an AI platform built to connect fragmented business data and reduce manual work for SMBs
Sophia Space teams with Kepler to build in-orbit compute network
Sophia Space signed a commercial deal with Kepler Communications to connect orbital compute nodes, while pushing ahead with its in-orbit data centre platform after a $10 mn seed round
Critical Loop raises $26 mn to cut grid connection delays for US sites
Critical Loop secured $26 mn, bringing committed capital to $49 mn, to speed power access for US industrial sites with modular microgrid systems
Standard Life agreed to acquire Aegon UK for £2 bn in retirement savings push
Standard Life agreed to acquire Aegon UK for £2bn, creating the UK’s largest retirement savings and income business with 16mn customers
Autonomous drivetech Wayve added $60 mn to Series D, lifting valuation near $9 bn
UK autonomous driving firm Wayve added $60mn to its Series D, lifting valuation near $9bn as it moved toward robotaxi trials and wider vehicle deployment
Aveni launched the Agent Assurance Expert Council to tackle agentic AI in finance
Scottish fintech Aveni launched the Agent Assurance Expert Council to shape controls, transparency and trust around agentic AI in financial services
UK startup Compound secured £500k to modernise workplace pensions
UK startup Compound secured £500k to modernise workplace pensions, targeting low engagement and high opt-out rates with automation and improved UX
U.S. life insurers posted modest Prism score gains, with resilient capital strength despite rising annuity volumes and investment risk pressures
US insurance sector outlook for 2025-2026: capital strength, social inflation risks, P&C returns peak, Florida reforms, life insurance resilience and alt capital trends
Life insurers keep stable portfolios in 2026, but rising private credit, PLRs, FABNs, and less-liquid assets lift investment risk and regulatory scrutiny
Life insurance costs and concerns for millennials plus types of insurance most important to young people. 26% of millennials had trouble affording their insurance