FSA prolonged the deadline for UK crypto asset marketing & advertising
The FCA introduced in June that it was introducing advertising and marketing restrictions on the crypto sector
News
Cyber insurtech Cowbell plans to expand in the UK insurance market
Cyber insurtech Cowbell has announced plans to further expand its footprint in the UK market with a new senior appointment and launch of its AI-powered cyber insurance
Insurtech YuLife launches Group Health Insurance
Insurtech YuLife, a tech-driven financial services company on a mission to inspire life, has extended its group protection offering to include health insurance
Fintech Acrisure acquires MGA Modus Underwriting
Acrisure, a fintech that operates a top-10 global insurance broker, announced its acquisition of Modus Underwriting, an technology driven, MGA
Vienna Insurance Group reports 1H 2023 results: GWP €7,3 bn
Vienna Insurance Group (VIG) reports strong results for the first half of 2023, presented for the first time in accordance with the IFRS 9
Apollo Syndicate 1969 partnered with underwriting insurtech Artificial Labs
Specialist insurer Apollo Syndicate 1969 has joined forces with Artificial Labs, the algorithmic underwriting insurtech, to introduce an innovative smart follow collaboration
AI insurtech Akur8 sequred a new funding round of $25 mn
Akur8, the insurance pricing solution powered by Transparent AI, has closed a new funding round of $25 mn, bringing its total funding to over $60 mn
HSBC Insurance Brokerage received fund sales licence in China
HSBC Holdings said its insurance brokerage unit in China had secured a license to sell a range of investment fund products in the country
Ping An Insurance will focus on the medical and healthcare in China
Ping An Insurance will focus on the medical and healthcare industry in China, hoping to turn its coverage for the ageing society into an engine of growth
Large U.S. property insurers excludes natural disaster from insurance coverages
At least five large U.S. property insurers have told regulators that extreme weather patterns caused by climate change have led them to stop writing insurance coverages
Digital risk platform for insurers Cytora integrated with CAPE Analytics
The digital risk processing platform Cytora has announced an integration with CAPE Analytics, in a bid to enhance insurers’ capabilities to assess and manage risks
Markel appointed to the statutory committee of unsecured U.S. creditors of InsurTech Vesttoo
Markel Bermuda Limited has appointed to the statutory committee of unsecured creditors in the U.S. Chapter 11 bankruptcy of InsurTech Vesttoo
Karen Clark & Co estimated insured losses from Hurricane Idalia at $2.2 bn
Karen Clark & Company, a catastrophe risk modeller, has estimated privately insured losses from Hurricane Idalia at close to $2.2 bn
Verisk launched ClaimSearch system against insurance fraud in Israel
Verisk announced the launch of its new ClaimSearch system in Israel. Developed in collaboration with the Israel Insurance Association
Irys Insurtech sequred $3.5 mn seed round led by Markd
Startup Irys Insurtech has closed a seed funding round of $3.5 mn led by Markd, known for its keen interest in groundbreaking insurtech innovations
ReinaGreen: cargo insurance does not cover the risks of fruit shipping
According to ReinaGreen, standard cargo insurance policies may not provide adequate coverage for fresh fruit exporters
FSRA of Ontario established an Innovation Office for insurance services
The Financial Services Regulatory Authority of Ontario (FSRA) has established an Innovation Office to help identify, support and enable opportunities
Results for North American insurers: premium growth at 11%
GAAP results for North American (re)insurers reveals strong written premium growth at 11%, much of which came from reinsurers
K-ICS implementation will reshape South Korean insurers’ strategy
The implementation of the Korean Insurance Capital Standard (K-ICS) will continue to reshape Korean insurers’ operational strategy
Hurricane Idalia plowed into Florida. Insured losses in Florida run to $9.4 bn
Hurricane Idalia plowed into Florida’s Gulf Coast. Insured property losses in Florida were projected to run $9.36 billion
Beazley partnered with Sola Technologies and Spinnaker Insurance
Specialist insurer Beazley has partnered with Sola Technologies and Spinnaker Insurance Company to provide the first admitted parametric tornado disaster benefit insurance for homeowners
Charles Schwab Trader Sentiment Survey reveals a shift in trader expectations
The Charles Schwab Trader Sentiment Survey for Q3 reveals a shift in trader expectations towards a more optimistic view of the market environment
US Court handed Grayscale a win against the SEC in the lawsuit over spot Bitcoin ETF
US Court of Appeals for the District of Columbia Circuit handed Grayscale a win against the Securities and Exchange Commission (SEC)
Insurtech Cover Genius appointed of David Rudow as new CFO
Insurtech for embedded protection Cover Genius has announced the appointment of David Rudow as its new Chief Financial Officer (CFO)
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
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)
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
Digital-asset adoption keeps rising and so do the risks tied to holding or moving value online. Insurers now face new pressure to design products that respond to crypto-specific threats
Although cyber incidents have not resulted in a significant systemic event for the U.S. financial services sector to date, they could pose risks to financial stability
Ransomware cases surge as cloud and AI adoption expands attack surfaces, driving higher losses, supply chain risk, and tougher cyber insurance conditions