Hannover Re increased its Group net income in the 1H 2023 by 18%
Hannover Re increased its Group net income in the first half of 2023 by 18% and confirms its full-year earnings target
News
Pet insurtech Wagmo sequred $8.9 mn after Series A financing
The pet insurance and perks insurtech startup Wagmo sequred $8.9 mn after Series A financing in 2022 a $12.5 mn led by Revolution Ventures
Insurtesh Redkik with Uber Freight launched next-generation cargo insurance
Embedded insurance software company Redkik has pioneered a Next-Generation Cargo Insurance with Uber Freight
European Reinsurers Results in 1H: Recovery in profitability
There was a strong yoy recovery in profitability in 1H23 for the four main European reinsurers, Fitch Ratings says
NAIC adopts change to life insurer capital & investments monitoring
Members of the National Association of Insurance Commissioners (NAIC) will adopt a change to the Life Risk-Based Capital (RBC) formula
AI insurtech NOW Insurance reach investment from Arch Capital
AI-enabled commercial insurtech NOW Insurance, a full-stack platform specialising in medical professional liability insurance coverage, has announced an investment
Insurtech Duck Creek expands to the Indian insurance market
Duck Creek Technologies announced a historical milestone with its expansion into the Indian general insurance market
Climate AI vendor Persefoni sequred $50 mn in Series C1 led by TPG Rise
US-based climate software vendor Persefoni has launched of its latest AI product (PersefoniGPT) and a $50 million funding round led by TPG Rise
Insurtech Clearcover launched embedded car insurance solution
Embedded insurtech Clearcover is launching a new embedded insurance solution, named an ‘insurance-in-a-box’ digital solution to other brands
Allianz increased business volume in 6M2023 by 4.8% to 85.6 bn euros
Allianz Group total business volume in 6M 2023 rose by 4.8% to 85.6 billion euros, driven by the Property-Casualty business segment
Insured losses from deadly Hawaii wildfires estimated $2.5-4bn
The Lahaina conflagration and Kula wildfires in early August burned between $2.5 bn and $4 bn worth of insured properties
Ledger Investing syndicated $250 mn of ILS transaction to institutional investors
Ledger Investing has announced the successful syndication of a secondary transaction to three institutional investors. The transaction of nearly $250 mn
Canadian wildfire insured losses in Q3 estimates $700mn – $1.5bn
Canadian wildfire-related insured losses in Q3 will amount to between $700 mn and $1.5 bn, but remain manageable for insurers, constituting an earnings event
2027 Indian property insurance market forcasts for premiums & growth
Indian property insurance industry’s loss ratio is expected to remain high at 75.2% in 2023. The trend is expected to continue over 2023–2027
PERILS disclosed 2nd insured loss estimate for floods in Italy for EUR 488 mn
PERILS, the provider industry-wide catastrophe insurance data, has disclosed its second industry loss estimate for the floods in the Emilia-Romagna region of Italy
Insurtech Hippo Holdings shares fallen following underwhelming Q2 results
Hippo Holdings shares have fallen dramatically this month following underwhelming Q2 2023 financial results and a decision to pause writing new business across the US
Insurtesh Venteur closed a $7.6 mn seed funding led by GSR Ventures
Insurtech Venteur, the digital health startup helping companies provide personalized health insurance options to employees, has closed a seed funding round at $7.6 mn
Marsh acquires 100% of Honan Insurance Group by $448 mn
Marsh has acquires Honan as the US insurance broker giant seeks to expand its presence in Australia and New Zealand
QBE North America launched of Agora – medical stop loss insurance
QBE North America has launched of Agora, a group captive program with a focus on medical stop loss insurance
Platform Vecto has joined Guidewire’s Insurtech Vanguards program
Vendor-neutral insurtech platform Vecto has joined Guidewire’s Insurtech Vanguards program, an initiative led by P&C cloud platform provider, Guidewire
BrokerTech Ventures hired of Emily Schultz as Managing Director
BrokerTech Ventures (BTV), broker-led convening platform and accelerator program, has announced the hiring of Emily Schultz as its new Managing Director
InsurTech startup HealthBird selected by Google for Startups
InsurTech startup HealthBird selected by Google for Startups for inclusion in the esteemed Latino Founders Fund.
Insurtech Cover Whale partners with Aon’s insurance platform CoverWallet
Cover Whale Insurance Solutions, commercial trucking insurance provider and fast-growing insurtech, announced its strategic agreement
Demex, reinsurance technology MGA, raised $5 mn led by Blue Bear Capital
Demex, creators of first-of-its kind reinsurance solutions that address the accumulating losses caused by secondary perils, has raised $5 mn
Rules for fair value to customers will negatively affect to UK life insurance
New rules requiring UK financial services companies to show that their prices represent fair value to customers will negatively affect life sector profitability
Insurtech Cover Genius partners with Uber in Brazil
Cover Genius, the insurtech for embedded protection, announced a new partnership with Uber to protect drivers in Brazil
Cyclone Gabrielle & North Island Floods insurance loss estimated at $2.4 bn
PERILS, a provider industry-wide catastrophe insurance data, has released the third loss estimate for Cyclone Gabrielle which impacted of New Zealand
China will cracking down on corruption in the health insurance
The National Health Commission (NHC) of China has committed to cracking down on corruption in the country’s health insurance
SaaS insurtech Zuru Latam aimed at digitizing insurance for the logistics
Zuru Latam has unveiled its latest commercial offering D2D, aimed at digitizing and meeting the insurance needs of the logistics industry
Insurance reimbursements for medical cannabis in Germany reached €51 mn
Insurance reimbursements for medical cannabinoid products in Germany continued to grow in the first quarter of 2023
Insurtech Vesttoo filed for bankruptcy protection in the U.S.
Insurtech Vesttoo has now filed for Chapter 11 bankruptcy protection in the U.S., as it looks to protect its assets and aggressively pursue legal action
Insured losses for the Hawaii wildfires will be at $1 bn
Insured losses for the Hawaii wildfires will be at least $1 billion and will primarily affect P&C insurers
Egypt will launch the insurance pension policy in US dollars
The Egyptian Financial Supervisory Authority has announced the details behind launching the first insurance pension policy in US dollars
Insurtech Kin increases premium in Q2 2023 to $110 mn (+55%)
Kin Insurance, the direct-to-consumer home insurtech company built for every new normal, announced select operating results through the second quarter 2023
Most DDoS attacks launched in response to disputes over business or gaming – FBI
The majority of DDoS attacks are launched in response to disputes over business or gaming, according to federal officials investigating
Insurtech Mulberri introduced Cyber Insurance MGA
Mulberri, an AI-driven insurance platform, has officially introduced its innovative Cyber Insurance MGA (Managing General Agent)
6 insurers allocate of $525 mn to Nuveen’s finance energy efficiency fund
Nuveen, the $1.1 trillion investment manager, have launched a new fund to give insurers access to a diversified portfolio
Nubank launches home insurance by Nubank Lar Seguro in Brazil
Nubank has launched Nubank Lar Seguro, a home insurance offering, in partnership with property and casualty insurer Chubb
Allianz will serve the global commercial insurance segment as one go-to-market business
Allianz Group will serve the global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial
Insurtech Quility announced a investment from F&G Annuities & Life
Insurtech Quility announced a investment from F&G Annuities & Life for a minority stake in Quility. F&G is a provider of insurance solutions
China’s insurers losses from floods & disasters totalled $1.4 bn
Estimated losses of the China’s insurance companies from floods and geological disasters has totalled 9.8 bn yuan ($1.4 bn)
Allianz and Munich Re renewed cover for Nord Stream 1 gas pipeline
German insurers Allianz and Munich Re have renewed cover for the damaged Nord Stream 1 gas pipeline
Swiss Re reports a net income of $1.4 bn for H1 2023
Swiss Re reported a profit of USD 804 million in the second quarter of 2023, resulting in a net income of USD 1.4 billion and a return on equity (ROE) of 22.8%
1 million people in the UK are now too overweight for life insurance
Even if an life insurer is willing to cover them, obese policyholders face paying up to times as much a year when compared to customers with a healthy weight
Millions of dollars worth of crypto were stolen from DeFi platforms
Millions of dollars worth of cryptocurrency were stolen from several platforms after hackers exploited a vulnerability in a programming language used widely
Mental health startup Likeminded completed a seed funding of €5.9 mn
Berlin-based mental health solutions startup Likeminded has completed a seed funding round of €5.9 mn from prominent investors
AXA acquires Laya from Corebridge Financial – subsidiary of AIG
French insurer AXA has signed a deal to acquire Irish health insurance company Laya Healthcare (Laya) in a deal valued at €650 mn
Perils released 3rd insured loss for the North Island of New Zealand floods
PERILS has released the third loss estimate for the floods across the North Island of New Zealand which occurred during the new period
Key rating drivers for U.S. P&C insurance companies
Both mutual and stock organization structure in U.S. property/casualty (P/C) insurance companies have been successful over time
European embedded insurtech Hepster raised €10 mn in a Series B
European embedded insurtech Hepster has reised €10 mn in a Series B financing round from Element Ventures, Seventure Partners
A cybersecurity incident will cost the Brunswick $85 mn
The boating manufacturing firm Brunswick Corporation announced a cyberattack that impacted their systems and some of their facilities
Insurtechs Cloverleaf, Exavalu & Socotra launched of Ethical AI in Insurance Consortium
Cloverleaf Analytics, Exavalu and insurtech Socotra has launched of the Ethical AI in Insurance Consortium
Aon Reinsurance Solutions showed organic growth in Q2 2023
Aon Reinsurance Solutions showed consistent 9% organic growth, both for Q2 and also for H1 2023, respectively
Reinsurer PartnerRe released a 6M2023 results: GWP grew to $5.34 bn
PartnerRe has released a results statement for 6M2023, revealing a return to profit amid the hard market for reinsurance, with operating income of $636 mn
Insurtech Gradient AI partners with American Trucking & Transportation Insurer
Gradient AI, a software provider for the insurance industry, has announced a new partnership. American Trucking and Transportation Insurance Company
Bank of England to gain powers to manage demise of UK large insurers
The UK government said it would start work on setting up new rules specially designed to prevent a big insurance company collapse from crashing the financial system
Cover Genius and shipping platform Sendcloud improves insurance claims
Insurtech Cover Genius and Sendcloud, Europe’s largest shipping platform, have joined forces to offer merchants enhanced claims handling
David Skinn appointed as a Non-Executive Director at Prestige Underwriting
David Skinn has been appointed as a Non-Executive Director to the Board at Prestige Underwriting Services
Cyber-insurtech Converge Insurance raised $15 mn in Series A
Converge Insurance, insurtech in advanced cyber risk management and underwriting, announced $15 mn in Series A funding from Forgepoint Capital
Insurtech wefox and GATE launches digital solutions for electrocar
Insurtech wefoxand GATE, have formed a new partnership that uses digital solutions and a pay-per-use formula
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