WTW announced a collaboration with global law firm Clyde & Co
WTW, a leading global advisory, broking and solutions company, has announced a collaboration with global law firm Clyde & Co
News
Insurtech Bolttech sells Thai FWD Insurance to Roojai
Roojai, Thailand’s leading online insurtech, announced it has agreed to acquire FWD General Insurance Company in Thailand
UK Home & motor insurers must improve their treatment of vulnerable customers
Home and motor insurers must improve their treatment of vulnerable customers and how they handle customers claims, a review by the Financial Conduct Authority
FCA alarmed over the soaring insurance premiums in UK
The Financial Conduct Authority (FCA) has sounded the alarm over the soaring insurance premiums that are burdening drivers and homeowners
Insurtech Husmus sequred funding from Google and Innovate UK
Insurtech Husmus has raised $151K in funding from Google and British governmental agency Innovate UK
Monzo Premium has a new travel insurance provider Zurich, powered by Qover
Monzo Premium’s worldwide family travel insurance will be provided by Zurich, powered by Qover. Most of the things covered by the insurance will stay the same
Allianz and Jaguar Land Rover launched Simply DriveMys embedded insurance
JLR and Allianz Partners have announced the launch of an embedded insurance programme, to enhance the purchasing experience for Range Rover
European Supervisory Authorities published Progress on Greenwashing in financial sector
The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have published their Progress Reports on Greenwashing in the financial sector
Marsh McLennan Guy Carpenter completed acquisition of Re Solutions
Guy Carpenter had completed its previously announced acquisition of Re Solutions, the leading independent reinsurance broker in Israel
Cyber insurtech Corvus launches new AI- & NLP-driven features
Corvus Insurance, the cyber underwriter powered by a proprietary AI-driven cyber risk platform, announced new AI- and NLP-driven features
Insurtech Raincoat sequred an additional $6.5 mn led by TwoSigma Ventures
Insurtech Raincoat has sequred of an additional $6.5 mn seed round bringing its total raised to date to $11 mn
Insurtech Lemonade with General Catalyst creates Synthetic Agents
Insurtech Lemonade has partnered with General Catalyst (GC), a leading venture firm and an early investor in Lemonade, to create Synthetic Agents
CoreLogic estimates $7-10 bn in insured damage from June U.S. storms
Severe thunderstorm activity from June 11-15 brought strong straight-line winds, record-sized hail, and tornadoes, causing substantial damage to property across the United States
Car insurer Hagerty has raised $105 mn from existing strategic investors
Car insurer Hagerty has raised $105 mn from existing strategic investors including State Farm, Markel Group and the Hagerty family. Insurer`s value is $3 bn.
Cyber insurance broker INSUREtrust introduced product Cyber Pre-Check
INSUREtrust, a specialized cyber insurance and risk management broker under Starwind Specialty, has introduced Cyber Pre-Check
Carbon insurtech Kita and OxCarbon signed a Memorandum of Understanding
Carbon insurtech Kita and OxCarbon, a not-for-profit spin-out from the University of Oxford, have signed a Memorandum of Understanding
Insurtech Root rebuffed a takeover bid from Embedded Insurance
Insurtech Root has rebuffed a takeover bid from Embedded Insurance even though the offer was one of the highest price
Insured loss from Severe Convective Storm outbreak will be $5.5 bn
KCC estimates that the insured loss from this Severe Convective Storm (SCS) outbreak will be close to $5.5 billion. The KCC loss estimate includesthe privately insured damage
Insurtech Arbol unveiled blockchain parametric (re)insurance platform dRe
Arbol, a global climate risk coverage insurtech platform, in collaboration with The Institutes RiskStream Collaborative, a blockchain and emerging technologies
Insurtech Federato raised $25 mn in Series B
Federato, the insurance industry’s RiskOps underwriting platform, has raised $25 mn in Series B funding, led by Caffeinated Capital, with participation from Emergence Capital
Data observability insurtech Telmai raised $5.5 mn in seed funding
Data observability insurtech Telmai has raised $5.5 mn in oversubscribed seed funding. The round is co-led by Glasswing Ventures and .406 Ventures
Spot Bitcoin ETF launch are inadequate – SEC
The Securities and Exchange Commission said a recent wave of applications filed by asset managers to launch spot bitcoin exchange-traded funds are inadequate
Global mortality insurance protection gap amounted $406 bn
The global mortality protection gap amounted to a staggering USD 406 billion in 2022, representing a 1.5% increase from the previous year
Insurance claims by the Auckland Anniversary floods & Cyclone Gabrielle totaled $2 bn
107,569 claims arising from the twin climate disasters of the Auckland Anniversary Weekend floods and Cyclone Gabrielle
Insurity offers e2Value’s valuation and replacement cost calculations for insurers
Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, together with e2Value is offering promotional pricing for e2Value’s valuation
Britain’s reforms to Solvency II capital rules for insurers will unlock billions of pounds
Britain’s finance ministry said on Thursday that the first batch of post-Brexit reforms to ‘Solvency II’ capital rules for insurers, which it hopes will unlock billions of pounds
Families of Titan submersible passengers seeks damages from OceanGate’s insurers
Liability waivers signed by passengers on a submersible lost at sea during a dive to the Titanic wreck may not shield the vessel’s owner from potential lawsuits
Aon, Lloyd’s and VIG team will support Ukraine’s recovery & reconstruction
Aon, Lloyd’s, and Vienna Insurance Group committed to providing enhanced reinsurance capacity to support Ukraine’s country’s recovery and reconstruction efforts
Marsh McLennan helps Ukrainian Government to facilitate access to Global Insurance Market
Marsh McLennan has revealed its collaboration with the Ukrainian government to assist in unlocking access to the global insurance market
MS Amlin launches new AI-powered claims triage process
MS Amlin, the Lloyd’s global (re)insurer, launches of a new claims triage capability, the first in a series of developments originating
Intensification of tropical cyclones and re/insurance losses growth
Tropical cyclones are expected to become more powerful, leading to heightened rainfall and larger storm surges
Zurich Insurance and Cardif plan to buy Indonesian insurer Astra Life
Zurich Insurance Group and insurer Cardif are among the parties considering bids for PT Astra International’s life insurance arm
Intelligent AI launched of Intelligent Rebuild Cost Validation Platform
Insurtech Intelligent AI has developed the Intelligent Rebuild Cost Validation Platform, which is designed to address the long-standing challenge of underinsurance
Insurtech Precedent sequred $9 mn in Seed round led by Adir Ventures
Insurtech Precedent, the insurance industry’s first Digitized Demand Handling technology, has closed $9 mn in Seed funding
US property & casualty insurers recorded $8.2bn underwriting loss for 2023
US property and casualty insurers has recorded an $8.2bn underwriting loss for the Q1 2023, according to AM Best report
Hannover Re Group net income rises to EUR 484 mn in Q1 2023
Reinsurer Hannover Re generated an increased profit in the first quarter of 2023 and confirms its Group net income guidance for the full financial year
Crypto Insurtech Breach launches a new class IIGB insurer
The Bermuda Monetary Authority has granted a licence to Breach, an insurtech start-up that is building insurance technology and products for the growing cryptocurrency
Generali Group acquires spain insurer Liberty Seguros by €2.3 bn
Liberty Mutual Insurance and Generali Group announce that they have signed a definitive agreement for Generali to acquire Liberty Seguros
AirHelp introduces AirPayout insurance by travel insurtech Battleface
AirHelp is introducing AirPayout insurance, a new benefit that offers customers €100 when their flights are delayed or cancelled
Insurtech bolttech announced a partnership with Taiwan Mobile
Insurtech bolttech has announced a partnership with Taiwan Mobile, a telecommunications provider, for a range of personal insurance options for customer
Paul Davies has taken on the role of Vice Chair of Aon
AON, a global professional services firm, announced that Paul Davies has taken on the role of vice chair of Aon, reporting to Aon CEO Greg Case
Fitch Ratings Updates Insurance-Linked Securities (ILS) Criteria
Fitch Ratings has published a periodic review and update of its criteria report for rating insurance-linked securities. The updated report replaces the previous version
Insurers’ Fitch ratings moderates fall in commercial real-estate values
Insurers’ ratings are likely to be resilient to a moderate fall in commercial real-estate (CRE) values, Fitch Ratings says
African Risk Capacity Group launches a parametric insurance for Africa
The African Risk Capacity (ARC) Group is launching a new insurance mechanism for African countries to cope with the devastating effects of flooding
WTW Cyber Quantified Model helps insurers evaluating cyber loss
WTW has announced new release of enhanced Cyber Quantified Model, designed to assist companies in evaluating cyber loss potential and optimising risk management
Why did the shares of leading health insurance companies fall?
Shares in several leading health insurers dropped dramatically following comments from UnitedHealth Group leadership indicating higher-than-anticipated medical cost
Credit fundamentals of Japanese life insurers will remain resilient to 2024
The overall credit fundamentals of Japanese life insurers will remain resilient in the financial year ending March 2024
Sale of individual insurance policies in the UK decreased of 7.8%
Sale of individual insurance policies in 2024 has decreased of 7.8%. The total underwritten whole-life sales increased by 34.5% to 27,807 policies.
Insurtech Thinksurance sequred €22 mn led by Viewpoint Ventures
German insurtech Thinksurance has sequred €22 mn in new funding. The capital comes from new investors as well as existing shareholders
Dutch pension reform will provide a growth opportunity for life insurers
Dutch pension reform to make all occupational pension schemes defined-contribution (DC) by 2028 will provide a significant growth opportunity for Dutch life insurers
Credit ratings of Canadian non-life insurers reporting under IFRS
The credit ratings of Canadian non-life insurers reporting under IFRS will not be affected by the recent adoption of IFRS 17
US bank M&A deals hit another monthly low
US bank M&A deals hit another monthly low in 2023 with only four deals announced in May
AI-insurtech Driver Technologies closed $6 mn funding round led by IA Capital
Driver Technologies, an AI-based mobility tech company that delivers a safer, smarter driving experience, announced the closing of a $6 mn funding round
Lloyd’s Lab announced new insurtech accelerator programme in Dubai
Lloyd’s Lab has entered into an agreement with the Dubai Department of Economy and Tourism (DET) to collaborate on an insurtech accelerator programme
MetLife and Lyra Health expand access to workforce mental health solutions
Swiss Re’s SONAR report reveals that the threats on the horizon develop as dynamically as the technological, geopolitical and social changes in the world today
Insurtech Insify sequred €10 mn Series A extended funding round
Insurtech startup Insify has completed its Series A extended funding round with another €10 mn. Overall, the startup has raised €25 mn
Insurtech NEXT Insurance expanded partnership with Gusto Embedded
NEXT Insurance, a digital insurtech transforming small business insurance, announced its expanded partnership with Gusto Embedded
Spanish life insurtech Life5, called Getlife, raised a €10 mn Series A round
Spanish life insurtech Life5 has raised its 3rd funding round. After raising a €1 million pre-seed round and a €5.5 million seed round, Life5 recently raised a €10 million
Inflation & Insurance Replacement Costs Report by Triple-I
Inflation and Insurance Replacement Costs was developed by the Insurance Information Institute (Triple-I) and analyzes the relationship between overall inflation and insurance
Insurtech bolt partners with Bamboo to offer smartphone insurance protection
Insurtech bolt’s turnkey solution integrates protection for smartphones into Bamboo’s existing agent and direct-to-consumer sales journeys
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