Texas homeowners urged to secure flood insurance cover before hurricane season
Officials across Texas are pushing homeowners to arrange flood insurance ahead of hurricane season, warning that standard policies leave a major gap
News
Canada updates insurance dispute framework with stronger oversight
Canadian Council of Insurance Regulators has revised its ombudservices framework to tighten cooperation, improve data sharing, and strengthen consumer dispute resolution
Insurtech Lemonade Q1 2026: Revenue jumps 71% as AI drives growth
Insurtech Lemonade reported in-force premium of $1.33 bn, up 32%, extending a ten-quarter run of accelerating growth. Revenue climbed faster, rising 71% to $258 mn
European insurers and reinsurers raise private credit exposure to 5.8% of portfolios
S&P Global Ratings says European insurers are increasing private credit allocations while managing risk and liquidity constraints
RenaissanceRe sees stronger reinsurance demand ahead of mid-year renewals
RenaissanceRe says new reinsurance demand is running above January expectations, with Florida and U.S. property cat still offering profitable growth
Global cyber insurance nears pricing floor as risks and competition rise
The global cyber insurance market is approaching a turning point, according to Richard Clapham, as pricing declines, exposures grow, and threat activity remains elevated
U.S.-Iran conflict reshapes airline insurance renewals across Middle East
WTW says U.S.-Iran tensions are driving aviation insurance pricing pressure, with hull war and liability rates set for tougher renewals in 2026
Ripe launches ChatGPT app for Cycleplan cycling insurance
Ripe launched a ChatGPT app for its cycling insurance brand Cycleplan, allowing users to receive real-time quotes through a conversational interface
Stephen Fry injury insurance claim highlights event liability risks
Stephen Fry files £100k claim after fall at London tech event, raising scrutiny on safety controls and insurance coverage
Bank of England plans stricter capital rules for funded reinsurance
The Bank of England, through its supervisory arm Prudential Regulation Authority, outlined plans to tighten capital treatment for funded reinsurance deals
Neutrinos named Leader in insurance document AI by Everest
Neutrinos ranked as a Leader in Everest Group’s 2026 assessment of insurance document processing platforms
Insurtech Duck Creek launches AI tool to cut insurance product build time
Duck Creek introduced an agentic AI configurator aimed at reducing product setup timelines and simplifying deployment across insurers
Colorado advances bill to cut insurance costs with roof grants
Colorado lawmakers moved to address rising homeowners insurance costs, passing SB26-155 in the Senate. The bill targets wind and hail damage, a major driver of claims
New Jersey’s Travel Insurance Act sets new rules for travel insurance sales and licensing
New Jersey’s Travel Insurance Act introduces licensing, compliance, and disclosure standards for insurers, producers, and retailers
New York weighs tighter approval rules for auto insurance rates
New York could require insurers to seek state approval for any auto rate increase as lawmakers debate reforms tied to the delayed budget
Hail claims disputes rise as U.S. home insurance pressure builds
Homeowners challenge claim denials as storms intensify and insurers tighten payouts across high-risk regions
Hanover Insurance Group earnings preview: reserves, pricing and growth in focus
Investors watch how The Hanover Insurance Group manages liability reserves and pricing as Q1 earnings approach
Japan corporate health insurers face $41 bn deficit in FY2026
More than 70% of large-company health insurance societies in Japan are expected to run deficits as costs tied to ageing and childcare rise
Ethiopia opens insurance market to foreign investors under draft law
Ethiopia plans to allow foreign insurers for the first time in decades, aiming to boost competition, capital, and coverage
Indonesia halves accident insurance premiums for informal workers
Indonesia introduced a 50% reduction in work accident and death insurance premiums for non-wage earners under the JKK-JKM schemes
Germany health reform targets €16 bn in insurance savings – Friedrich Merz
Germany’s Cabinet approved a health care draft law aimed at limiting insurance premium increases, though doctors and patient groups call it austerity
Tornado losses in Wisconsin highlight insurance gaps as storm claims surge
EF-2 tornado damage in Wisconsin underscores rising storm losses and the need for clearer homeowner coverage understanding
Claim Ready finds coverage gaps in 80% of home insurance policies in Georgia and South Carolina
Claim Ready analysis of 15 home insurance policies found recurring gaps in code upgrade, water backup, mold, liability, and rebuild protection
Sompo backs insurtech Zego with $28 mn to develop telematics insurance in Japan
Sompo and Zego partner to build AI-driven, usage-based motor insurance products tailored for the Japanese market
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
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
Fitch estimates Winter Storm Fern insured losses at $4-7 bn. Losses hit earnings, not capital, with P&C insurers absorbing most claims and no rating downgrades
2026 Atlantic hurricane season passed without a single US hurricane landfall for the first time in ten years, yet still delivered deadly storms, elevated major hurricane activity, and meaningful losses
Singapore expands ILS grants as Asia’s cat bond market grows, but investor education, capacity gaps and regulatory momentum still shape the asset class
Hurricane Melissa and Asian floods show insurance’s role in adaptation, yet coverage is scarce. Philanthropy, bundling and aggregation could shift that