AXA XL launched the Excess Emissions Insurance
AXA XL, a specialist risk division under the global insurance company AXA, has launched a new product – the Excess Emissions Insurance
News
Insurtech MyCover raised $1.25 mn in pre-seed funding led by Ventures Platform
Insurtech starup based out of Nigeria, MyCover, has raised $1.25 mn in pre-seed funding led by Pan-African venture capital fund Ventures Platform
Insurtech Cover Genius partnered with AudienceView, entertainment provider
Cover Genius, the insurtech for embedded protection, has partnered with AudienceView, a global leader in ticketing and e-commerce solutions
SME Insurance Survey indicates that the cyber risks increased for 50% enterprises
GlobalData’s UK SME Insurance Survey indicates that almost 50% of medium-sized enterprises are aware that the cyber risks they face have increased
Insurtech Coalition announced cyber and E&O insurance in Quebec
Cyber insurance agent and cyber-security insurtech Coalition announced its cyber insurance and technology errors and omissions (E&O) insurance
$10 bn reinsurance capital will dent re/insurance sector recovery
New reinsurance capital raised under $10bn will unlikely dent the recovery the re/insurance sector has seen in pricing and improvements
French AXA Group discusses strategic options for XL Re
French insurer AXA SA has been discussing strategic options for its XL Re unit, including a possible private sale or stock market listing
Blockchain reinsurer Re partners with VIPR Solutions
Re, the innovative reinsurer employing blockchain, has announced a strategic partnership with VIPR Solutions
White House’s proposal places restrictions on short-term US health insurance
The Biden-Harris Administration is expected to propose a new regulation cracking down on short-term health insurance plans
Rural insurer FMG paid $120 mn in claims relating to Cyclone Gabrielle
Rural insurer FMG has paid out more than $120 million in claims relating to Cyclone Gabrielle. The insurer has settled 43% of the 10,500 claims
Insurance industry adopts real-time payments for B2B transactions
Insurance companies are increasingly embracing real-time payments for business-to-business (B2B) transactions, viewing them as essential to success
London High Court judge combines claims $10 bn for aircraft owners against insurers
Lessors have not received any insurance payments for planes stranded following sanctions on Russia, and are suing insurers across several jurisdictions, including London
Zurich North America brought to market a cyber insurance Concierge
Zurich North America, a cyber risk solutions provider, has brought to market a cyber insurance module aimed specifically at mid-market businesses.
Hackers accessed to American National Insurance and Sun Life’s insurance data
US workers’ compensation direct premiums earned rose 4.3% year over year in the first quarter, and the industry’s overall direct loss ratio deteriorated by 2.3 percentage
Verisk indicates that 45% of risks insured for flooding loss
Verisk, a data analytics provider, has revealed in a recent report that only a small percentage of damage to insured assets caused by the May floods in Italy
Easy Peasy Insurtech launches pay-per-mile insurance Easy Katka
Easy Peasy Insurtech is the first insurance startup in Ukraine that offers a revolutionary Pay-as-You-Drive car insurance product “Easy Katka”
Insurtech Reask raised $6.6 mn funding led by Mastry Ventures
Reask, the risk data company applying artificial intelligence (AI) to interpret and forecast global extreme weather conditions, has raised a total of $6.55 mn
Net-Zero Insurance Alliance eliminated all requirements for Insurers
The Net-Zero Insurance Alliance (NZIA) has eliminated all requirements for its members to establish and disclose targets for reducing greenhouse gas emissions
Insurtech Steadily sequred $28.5 mn in a Series B funding led by Zigg Capital
The Austin-based insurtech Steadily has raised $28.5 mn in a new round of funding Series B led by Zigg Capital
Sync1 Systems integrates Zest AI’s automated credit underwriting
Sync1 Systems, a cloud-based Loan Origination System, will integrate AI-automated credit underwriting into their LOS through Zest AI’s technology
Finregulators warns insurers for promoting cancer insurance after Fukushima disaster
Financial Supervisory Service of South Korea warns to certain insurers in the country for promoting insurance sales based on the Fukushima nuclear disaster
MetLife makes new leadership appointments in MetLife Investment and MetLife Holdings
MetLife has announced that Steven J. Goulart, Chief Investment Officer and President of MetLife Investment Management
Hong Kong insurtech OneDegree secured an additional $27 mn in Series B
Hong Kong-based digital insurtech OneDegree has secured an additional $27 mn in Series B funding, taking the total for this round to $55mn
Insurtech Bdeo raised an additional €7.5 mn to accelerate its international expansion
Insurtech Bdeo has raised an additional €7.5 mn to accelerate its international expansion and strengthen its position across Europe and Latin America
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
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
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