45% investors believe the 2024 U.S. elections results will have a bigger impact
45% of investors believe the results of the 2024 U.S. federal elections will have a bigger impact on their retirement plans and portfolios than market performance
News
PERILS estimates industry loss for the Southeast Australia floods at $620 mn
PERILS has disclosed its 4th and final insurance industry loss estimate for the Southeast Australia floods
Insurtech bolttech will provide device insurance to NJJ telecom
Insurtech bolttech announced a partnership with French entrepreneur Xavier Niel’s NJJ telecom Group to provide device insurance for European mobile operators
Anboto raised $3 mn to launch an institutional-grade crypto trading platform
Anboto Labs, a Hong Kong-based crypto trading execution tool provider, has raised $3 million in funding and launched an institutional-grade non-custodial trading platform
Bank of England with FCA are seeking feedback for regulating stablecoins
The Bank of England (BoE) and the United Kingdom’s Financial Conduct Authority have requested feedback on their proposed approach to regulating stablecoins
Insurtech Flitter raised €3.5 mn funding led by insurer Helvetia
French insurtech Flitter has raised €3.5 mn in a funding round led by Swiss insurer Helvetia, facilitated through its Helvetia Venture Fund
InsurTech Pattern launches of groundbreaking service FlexIt
Pattern, a InsurTech specializing in customized embedded insurance and non-insurance products, has announced the launch of its groundbreaking service, FlexIt
Gallagher completed the acquisition of Keaney Insurance Brokers
Arthur J. Gallagher has completed the acquisition of Keaney Insurance Brokers, a prominent commercial insurance broker
Insurtech Next Insurance raised $265 mn in a strategic investment round
Insurtech unicorn Next Insurance raised a massive $265 mn strategic round from insurance giants Allstate and Allianz’s investment arm, Allianz X
Insurance costs of Storm Babet estimated to be between £450 and £650 mn
The estimates by PwC UK calculate the costs of damage due to the severe weather caused by Storm Babet to be between £450 and £650 million.
Fairfax Financial Holdings announces net earnings of $1 bn in Q3 2023
Fairfax Financial Holdings announces net earnings of $1,068.9 million ($42.26 net earnings per diluted share after payment of preferred share dividends)
Home insurtech Hippo announced total generated premium growth of 38%
Home insurtech Hippo announced its consolidated financial results for the three months that ended September 30, 2023 – total generated premium (TGP) growth of 38%
Swiss Re reported a net income of $2.5 bn in 9M2023
Swiss Re reported a net income of USD 2.5 billion in the 9 months of 2023, with a profit of USD 1 billion in the third quarter.
Berkshire Hathaway reported a 9M2023 underwriting performance
Berkshire Hathaway posted its highest ever quarterly operating profit, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing
Insurtech Sprout AI sequred £5.4 mn to transform claims processing
AI-led insurance claims automation insurtech, Sprout AI, has raised £5.4 mn in a round led by Amadeus Capital Partners and Praetura Ventures
Munich Re sees a $5bn rise in reinsurance demand from European cedants
Munich Re believes that rising demand from cedants in key lines, such as nat cat and cyber, along with a need to better manage more complex risks
Italian Insurance Market Review: 2023
Higher Lapses Drive Life Outflows, Average Motor Premiums to Grow Life net flows for Italian life insurers in 1H2023 was negative EUR10.7 billion
Blockchain-based healthcare platform Rymedi raised $9 mn in Series A
Blockchain-based healthcare data platform Rymedi has raised $9 mn in Series A funding. Rymedi streamlines the transfer of medical records and data via blockchain
AI fintech startup Statement raised $12 mn in a Seed round
Fintech startup Statement, which has developed a multi-banking, global liquidity management platform, has raised $12 million in a Seed round
Digital wealth management platform Vyzer raised a Seed round of $6.3 mn
Vyzer, an innovative digital wealth management platform, has raised a Seed round of $6.3 mn from leading VCs, angel investors, and family offices including iAngel
Creditors in the Vesttoo bankruptcy case objectes to insurtech’s reorganization
The Official Committee of Unsecured Creditors in the Vesttoo bankruptcy case has voiced its objection to the insurtech startup’s plans to reorganize
Web3 security startup Blockaid sequred a $33 mn funding
Blockaid, a web3 security startup co-founded by two former Israeli military cyber intelligence personnel, has come out of stealth with $33 million in funding
DeFi protocol Elixir closed a $7.5 mn Series A led by Hack VC
DeFi protocol Elixir has closed a $7.5 million Series A fundraising round at a $100 million valuation, designed to help it improve liquidity across decentralized order
Grayscale with FTSE Russell launches the Crypto Sector Index Series
Digital currency asset manager, Grayscale Investments is venturing into the crypto indices business together with the London-based indices provider FTSE Russell
AI-insurtech Assureful closed a $1.5 mn pre-seed funding led by Markd
Insurtech Assureful has closed a $1.5 mn pre-seed funding round led by Markd. The round also included participation from Greenlight Re Innovations
Gallagher reported its financial results for 9M 2023
Arthur J. Gallagher reported its financial results for the quarter ended September 30, 2023. Third quarter global insurance renewal premiums were up 10%
Chubb consolidated net insurance premiums of $13 bn in 9M2023
US insurer Chubb reported net income and core operating income for the quarter ended September 30, 2023 of $2.04 billion each, or $4.95 per share
Insurtech AgentSync sequred $50 mn co-led by Craft Ventures and Valor Ventures
Insurtech AgentSync announced an additional $50 mn fundraise co-led by existing investors Craft Ventures and Valor Ventures, bringing the company’s total funding
Net income to Aon shareholders increased to $456 mn
Net income attributable to Aon shareholders increased 12% to $456 million, or $2.23 per share on a diluted basis, compared to $408 million
Home insurtech Hippo initiated layoffs 12% of staff
Roughly a week before the anticipated release of its Q3 2023 results, home insurtech Hippo initiated layoffs affecting approximately 70 employees
AON analyses natural hazard activity worldwide in the 9M 2023
AON launched its Q3 Global Catastrophe Recap report, which analyses natural hazard activity worldwide in the 3 quarter of 2023 and for the 9 months of the year
Cyber insurtech Upfort raised $8 mn in a Series A led by SYN Ventures
Upfort, a cutting-edge cyber security and insurance platform, has raised $8 mn in a Series A funding round led by SYN Ventures
Syrona Health launched an artificial intelligence tool for mental health
Syrona Health has launched a voice-based artificial intelligence (AI) tool for mental health assessments that businesses can incorporate into their employee benefits
Global insurance broker Arthur J. Gallagher acquired Cadence Insurance
Arthur J. Gallagher has signed a definitive agreement to acquire Baton Rouge, Louisiana-headquartered Cadence Insurance
Boost Insurance launched of new risk transfer platform Boost Re
Full-stack digital insurance platform Boost Insurance has launched of Boost Re, an innovative new risk transfer platform, as the latest component
Extra challenges for insurers in the UK electric vehicle insurance market
Surging UK insurance premiums for electric vehicles pose a risk to their widespread adoption, analysts have warned
The economic drivers of the U.S. P&C insurance industry
The economic drivers of the U.S. property & casualty insurance industry could cumulatively expand faster than the nation’s gross domestic product (GDP) in 2024
Cover Genius partnered with Shippo to enhanced insurance solution for merchants
Shippo, the shipping platform for modern e-commerce, and Cover Genius, the insurtech for embedded protection, announced a partnership to enhance the merchant
Insurtech Canopy Connect closed a $6.5 mn Series A funding led by Nevcaut Ventures
Canopy Connect, the insurtech platform for collecting, verifying, and monitoring insurance information, has closed a $6.5 mn Series A funding round
Aon launched of Franchise Solutions program in North America
Aon has launches of Aon’s Franchise Solutions program in North America. Powered by CoverWallet technology, Aon’s franchise solutions are designed to better inform
Data insurtech Vellum Insurance sequred $7 mn seed round
Insurtech Vellum Insurance, an analytics and data management platform for the insurance and reinsurance industry, has announced a $7 mn seed round
Insurtech bolttech acquired a embedded protection company Digital Care
International insurtech bolttech has acquired Digital Care, a leading embedded protection company based out of Poland
European insurance industry faced a year of changes and challenges
The European insurance industry faced a year of changes and challenges, with the top ten insurance companies remaining consistent while a noticeable reshuffling
Howden Ventures launched an innovative insurance products development
Howden has unveiled an innovative venture known as Howden Ventures, pending approval from Lloyd’s, aimed at accelerating insurance product development.
Insurance prices in Europe will have to rise, according to Lloyd’s
Prices for US reinsurance have risen by between 20% and 40% over the past year or so. In Europe, prices have risen by just 10-12%
EU supports of subsidizing premiums on the Caribbean parametric insurance
The European Union continues to provide support to Caribbean Catastrophe Risk Insurance Facility SPC as a means of subsidizing premiums on the parametric insurance
Israel will approve of $5 bn state guarantees for airlines’ war risk insurance
Israel’s parliamentary finance committee said it would debate the approval of state guarantees for providing war risk insurance for Israeli airlines
Reinsurance costs for Asia-Pacific insurers are rising due to frequency of weather losses
Asia-Pacific insurers plan to increase asset allocations to fixed-income investments over the next 12-18 months, in order to take advantage of rising yields
Dutch insurers compensates the effect of high inflation in insurance in 2023
Dutch insurers achieved solid results in 1H2023 on stable underwriting and better investment results, and maintained their very strong Solvency II ratio
Insurance Europe iterates the importance of open reinsurance markets to competition
Insurance Europe has expressed “serious concerns’’ about the EIOPA’s draft Supervisory Statement (Statement) on the supervision of reinsurance
AM Best and Fitch’s outlook for the Indonesia insurance market
AM Best has confirmed that it is maintaining a negative outlook on the Indonesia insurance segment. AM Best cities heightened reinsurance credit ris
Royal Bank of Scotland lost an appeal over unfair commissions by protection insurance
Royal Bank of Scotland (RBS) lost an appeal over unfair commissions that were charged to customers who were sold payment protection insurance (PPI)
Henderson Insurance, Hoffman Kool and Life Line Brokers are merging into a new entity
Henderson Insurance, Hoffman Kool Insurance and Life Line Brokers will combine to operate under the new banner of HK Henderson
bolttech partnered with travel company Trip to embed travel insurance
bolttech Insurance, the Hong Kong general insurance arm of international insurtech bolttech, has partnered with leading travel company Trip
Insurtech SkyWatch acquired of the assets of DroneInsurance from REIN
SkyWatch, a specialty InsurTech focused on digital insurance for the aviation industry, announced the acquisition of the assets of DroneInsurance from REIN
Digital MGA platform Boost Insurance partnered with Canopius US
Boost Insurance has announced a strategic partnership with Canopius US Insurance Holdings, a subsidiary of the Canopius Group
Italian insurtech BeSafe raised €1.2 mn for travel insurance platform
Italian insurtech BeSafe Group has raised €1.2 mn to accelerate the development of tech and insurance services for European tourism
Munich Re Green Tech completed the final certification of warranty insurance
Munich Re Green Tech Solutions has successfully completed the final certification of photovoltaic warranty insurance in collaboration with Sunova Solar
SaaS-insurtech Allium Data secured of $750,000 a pre-seed round
Allium Data, a disruptive insurtech startup, announced the close of a pre-seed funding round of $750,000. The funding round comes from Markd
Coinnect among the TOP 15 global insurtechs selected for the NXT by InsurTech Hub Munich
Coinnect, an emerging startup in the Cyber Insurtech sector, announces that it has been selected, among more than 150 start-ups worldwide
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