Vienna Insurance Group reported GWP worth EUR 13.8 bn
Vienna Insurance Group reported GWP for 2023 worth EUR 13.8 billion, 10% more y-o-y. Earnings before taxes reached around EUR 773 million
News
Guy Carpenter introduced CatStop+, a new cyber reinsurance
Guy Carpenter, a global risk and reinsurance specialist under Marsh McLennan, has introduced CatStop+, a new cyber reinsurance product
Insurtech Wisedocs sequred $9.5 mn in Series A Funding
Insurtech Wisedocs secured $9.5 million in Series A funding to enhance its AI-driven insurtech solutions, with Information Venture Partners
Polish insurer PZU dismissed President & Supervisory Board Members
Polish insurer PZU informed in a statement that on 23 February 2024, the Company’s Supervisory Board (SB) dismissed the President of the PZU SA Management Board
Laura Hay elected to MetLife’s board of directors
MetLife announced that Laura Hay has been elected to its board of directors, effective immediately
CIS insurers will expand presence in international reinsurance markets
To compete against international reinsurers’ better prices, and increase profitability, insurers in countries part of the Commonwealth of Independent States (CIS)
Greek insurance market totaled EUR 5.3 bn in 2023
The Greek insurance market totaled EUR 5.26 billion at the end of 2023, up by 8.9% from EUR 4.84 billion a year before, according to the year-end market figures
Berkshire Hathaway reported re/insurance underwriting earnings of $5.4 bn
Berkshire Hathaway has reported net underwriting earnings across its re/insurance operations of $5.4 billion for the full year 2023
Munich Re reported a 2023 net result of €4.6 bn
Munich Re has reported a net result of €4.6 billion for the 2023 financial year, which is above its revised €4.5 billion profit target
Reinsurers continue to generate strong ROE, with robust underwriting
Relative to other sub-sectors of insurance, reinsurers continue to have a solid path, generating strong ROE, with robust underwriting and steady premium growth.
Insurtech Lemonade rised in-force premium to $747 mn for 4Q 2023
Insurtech Lemonade has reported a 20% rise in in-force premium to $747 mn for 4Q 2023, while its gross loss ratio fell 12% to 77% in the quarter.
Fairfax Financial announced results in 2023: premiums grew by 4.8% to $28.9 bn
Fairfax Financial Holdings has announced its financial results for the fiscal year 2023. Gross premiums written grew by 4.8% to $28.9 bn
PERILS releases final insurance industry loss footprint for Cyclone Gabrielle
PERILS has disclosed its fourth and final industry loss estimate for Cyclone Gabrielle which impacted the North Island of New Zealand
Verisk increased its consolidated revenues in Q4’2023 for $677 mn
Verisk has reported an increase in its consolidated and organic constant currency revenues in Q4’2023, primarily due to solid growth in underwriting
Swiss Re increased net income to $3.2 bn in 2023
Swiss Re increased net income to USD 3.2 billion in 2023, with a net income of USD 748 million in the fourth quarter
Zurich Insurance reported strong growth across all businesses
Zurich Insurance has reported strong growth across all businesses in the first year of its 2023-2025 financial cycle, with the highest-ever Group business operating profit
US Cyber Industry Loss Index plays important role in cyber-ILS expansion
PERILS and CyberAcuView announced the use of their US Cyber Industry Loss Index in the first cyber insurance risk transactions
PERILS disclosed insured loss estimate for Australia Christmas Storms
PERILS disclosed insurance industry loss estimate for the Australia Christmas Storms which affected for Victoria, New South Wales, Queensland
Wipro acquired insurtech Aggne Global for $66 mn
Wipro, India’s fourth largest information technology (IT) services firm, will acquire US-based insurtech firm Aggne Global
AI-insurtech Indemn closed a $1.9 mn pre-seed funding
Indemn, a insurtech platform, has closed a $1.9 mn pre-seed funding round, marking its continued growth in delivering insurance products
Insurtech Cake sequred $1.3 mn in pre-seed funding led by Markd
Insurtech Cake, a marketplace designed for independent insurance agents, has announced the completion of a $1.3 mn pre-seed funding round
Saudi insurance market will consolidate in 2024 and 2025
The Saudi insurance market is expected to see further consolidation in 2024 and 2025 on the back of the ‘2030 Saudi Vision’
Cost of car insurance in the U.S. climbed nearly 21%
The cost of car insurance in the U.S. has climbed nearly 21% over the past year, according to the BLS. It rose nearly 2% in January without seasonal adjustments
Dutch insurer Achmea sales of its life insurance division
Dutch insurer Achmea is weighing the sale of its life insurance division. Achmea has hired JPMorgan to chart the possibilities for the division
PERILS updated loss estimate for Kahramanmaras Earthquake to $6.2bn
PERILS updated its fourth loss estimate for the Kahramanmaras Earthquake of 2023 which affected large parts of south-central Turkey
PERILS updated insurance loss for Windstorm Ciarán (Emir) in Europe
PERILS has updated its insurance loss estimate for Windstorm Ciarán (also known as Emir) that impacted parts of Europe on 1-2 November 2023
PERILS’ final estimate for insurance losses from North Island floods
PERILS, an independent organization based in Zurich, has released its final estimate of NZD 2,230 million for the insurance market losses from the North Island floods
Insurtech Quandri is launched a AI robotic process automation for insurance
Insurtech Quandri is working in the field of robotic process automation (RPA) by offering a specialized solution for the insurance industry
Lloyd’s partnered with SAP to contribute to economic resilience
Lloyd’s of London, the insurance and reinsurance marketplace, has entered into a partnership with Sherbro Alliance Partners (SAP)
Corvus Insurance updated Tech E+O insurance product
Cyber insurtech Corvus Insurance has updated its Tech E+O (Errors and Omissions) insurance product, now supported by Travelers
Hannover Re increased a prices in P&C reinsurance sector
Hannover Re reported a 2.3% increase in prices, on renewals on January 1, 2024, within the traditional property and casualty (P&C) reinsurance sector
Reinsurer SCOR reported a 13.6% increase in premium income for P&C business
Global reinsurer SCOR reported a 13.6% increase in estimated gross premium income for its Property & Casualty (P&C) business
Insurance industry reservated about the EU Corporate Taxation Directive
Insurance Europe has shared its views on the European Commission’s proposal for a ‘Business in Europe: Framework for Income Taxation
UNIQA Insurance Group becomes a member of the Eurapco Alliance
UNIQA Insurance Group will become a permanent member of the Eurapco Alliance in 2024. The cooperation is based on the regular exchange of knowledge
iptiQ developed Goboony Motor Day Insurance with a per-day coverage
iptiQ and Goboony introduced an innovative car sharing insurance solution, seamlessly integrated into the Goboony platform
Real estate insurtech Sisu launched Sympli Insurance initiative
Sisu, a real estate software company based in Kaysville, Utah, has recently unveiled Sympli, a groundbreaking initiative aimed at enabling its clients
Insurtech DigitalOwl sequred $12 mn from Reinsurance Group of America
DigitalOwl, an Israeli insurtech startup, has offered an innovative platform that automates the reading, summarization, and analysis of medical records
WTW unveiled a parametric insurance for coral reef ecosystems
WTW has unveiled an innovative parametric insurance policy designed to safeguard the coral reef ecosystems within the South Pacific Ocean’s Lau Group. This pioneering insurance… Read More »WTW unveiled a parametric insurance for coral reef ecosystems
Insurtech Kin Insurance raised $15 mn from new investor Activate Capital
Insurtech Kin Insurance has secured a investment of $15 million from Activate Capital, a new investor in the company
Insurtech Artificial Labs sequred $10 mn in Series A+ funding round
Insurtech Artificial Labs has raised $10 mn in it’s Series A+ round, following a $5.9 mn investment from Augmentum, Europe’s foremost publicly listed fintech fund
APOLLO Insurance introduced a CreditBuilder solution with Zenbase
APOLLO Insurance, a digital insurance provider in Canada, has introduced a novel feature by partnering with Zenbase, allowing customers to improve their credit ratings
Chris Mackinnon becomes Lloyd’s regional director for Asia Pacific Middle East & Africa
Chris Mackinnon, with over three decades of experience in the insurance industry, is poised to become Lloyd’s Regional Director for Asia Pacific, Middle East, and Africa
Howden Group acquired Scottish broker Laurie Ross
Howden has recently announced its acquisition of Laurie Ross, a Scotland-based broker specializing in both personal and commercial lines
The UK financial services industry reported 273 M&A deals in 2023, totaled £12bn
The UK financial services industry reported 273 deals in 2023, representing a 9% fall from the 301 deals recorded in 2022
UK insurers will experiences the significant NatCat losses in 2023-2024
UK home insurance market experienced its worst performing year on record in 2022, according to EY’s latest UK Home Results Analysis
Vienna Insurance Group will elect a new Chairman for the Supervisory Board
Günter Geyer, the Chairman of the Supervisory Board of Vienna Insurance Group (VIG), has announced that he will not be available for reappointment
UNIQA Group launches HUB for International Programmes in Poland
The UNIQA Group launches a HUB for International Programmes in Poland, which will be a competence center for 15 countries in Central and Eastern Europe
In Poland, there is only one Motor Hull policy for every 4 MTPL policies
According to the Polish Chamber of Insurance, the number of active mandatory MTPL policies exceeded 27.7 million in Poland
Aviva will receive an additional £80 mn from sale of Singapore Life
Aviva plc has announced expectations to receive an additional £80 million (approximately SGD 0.1 billion) from the sale of its shares in Singapore Life Holdings Pte Ltd (Singlife)
Croatian insurance market exhibits a dynamic landscape in 2023-2024
The Croatian insurance market exhibits a dynamic landscape, with key segments being life insurance and general insurance
PERILS estimated loss from Babet-Aline floods & storms up to EUR 683 mm
PERILS has updated its loss estimate for floods and storms caused by low-pressure systems Babet (Viktor) and Aline (Wolfgang)
Bermuda reinsurers’ underwriting profitability peak up levels
Bermuda reinsurers’ underwriting profitability is likely peaking at current levels, as price increases moderate and loss-cost inflation persists
CoreLogic estimated the insured loss from the earthquake in Noto below $5 bn
A shallow magnitude (Mw) 7.5 earthquake hit western Japan on Jan. 1, 2024, according to the U.S. Geological Survey (USGS
Verisk Estimates Insured Losses for the Noto Peninsula Earthquake
The Noto Peninsula earthquake caused damage across an extensive area around and south of the epicenter. While most of heavy damage occurred in Ishikawa prefecture
Moody’s RMS Estimated Total Insured Losses from Noto Earthquake $3-6 bn
Moody’s RMS, the leading global catastrophe risk modeling and solutions company, estimates total insured losses between $3-6 bn
Generali becomed the 100% shareholder of Generali China Insurance
Generali enhances its strategic position in China, becoming the 100% shareholder of Generali China Insurance Company
Lloyd’s explores the biggest threats to supply chains in transportation and logistics
Lloyd’s of London has published a new report – On the move – which explores the biggest threats to supply chains in transportation and logistics
20% of sports accidents happens to skiers – German Insurers’ Association data
One in five sports accidents happens to skiers, a study performed by the German Insurers’ Association (GDV) shows
Europe-wide comparative study on non-life insurance underwriting risk by EIOPA
The European Insurance and Occupational Pensions Authority (EIOPA) in the beginning of the year the results of a Europe-wide comparative study on non-life underwriting risk
Morgan Stanley highlights the challenge of social inflation in insurance, to continue in 2024
Morgan Stanley’s recent report highlights the ongoing challenge of social inflation in the insurance industry, expected to continue through 2024
The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
The US P&C insurance industry recorded a $16.3 bn net underwriting gain in the first three months of 2026, up significantly from a $1 bn loss recorded in the prior-year period
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure