Insurtech Kin expanded into Alabama home insurance market
Insurtech Kin Insurance has expanded into Alabama, offering affordable and tailored home and property insurance
News
Tokio Marine launch a sale of Southeast Asia life insurance business worth $1 bn
Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1 bn
Insurtech Concirrus extended partnership with reinsurers SCOR
AI insurtech Concirrus has extended its partnership with insurers & reinsurers SCOR. The partnership will see Concirrus replace SCOR’s existing data model
Shanghai launches of the international board for reinsurance trading
Shanghai saw the official launch of the international board for reinsurance trading, with detailed implementation rules also released to accelerate the city’s development
Reinsurance Underwriting Report: U.S. P&C Reinsurers’ Q1 2023 results
The RAA presents Reinsurance Underwriting Report with cumulative quarterly underwriting and operating results of 17 major U.S. property casualty reinsurers
AI insurtech Sixfold raised $6.5 mn to streamline insurance underwriting
New York-based generative AI insurtech Sixfold has raised $6.5 mn in seed funding led by Bessemer Venture Partners and included Crystal Venture Partners
Instabase launched of AI Hub – a repository of artificial intelligence apps
Instabase announces the launch of AI Hub – a repository of AI apps focused on content understanding and a set of generative AI-based tools
Aon launches Data-Driven Insurer Pricing Platform to advanced analytics
Aon, a global professional services firm, today announced the launch of its Pricing Platform, a software solution that aims to provide insurers
Insurtech bolt partners with Ohio Mutual to offer smartphone insurance coverage
bolt, the insurtech with the technology-enabled insurance exchange and a leader in device protection programs, today announced a partnership with Ohio Mutual
Morning Data will integrate into Verisk’s Specialty Business Solutions
Verisk has successfully acquired Morning Data, a supplier of cutting-edge software to brokers and managing general agents (MGAs) worldwide, including the London market
Capgemini and Google Cloud partners in data analytics & artificial intelligence
Capgemini and Google Cloud announced a major expansion of their long-standing strategic partnership in data analytics and artificial intelligence
Lloyd’s announced its resignation from the Net Zero Insurance Alliance
Lloyd’s of London has announced its resignation from the Net Zero Insurance Alliance (NZIA), becoming the tenth major player to do so. The decision, effective… Read More »Lloyd’s announced its resignation from the Net Zero Insurance Alliance
Insurtech Sami sequred $18 mn in Series B funding round led by Redpoint Ventures
Sami, a pioneering Brazilian insurtech and primary care startup, has raised $18 million in their Series B funding round
Chubb launches Aviation Insurance Hub in Singapore
Chubb has announced the establishment of an aviation hub in Singapore, signalling its commitment to further developing its general aviation and aerospace business.
Insurer Tokio Marine Kiln establishes Cyber & Enterprise Risk division
Specialist insurer, Tokio Marine Kiln (TMK), has established a standalone Cyber & Enterprise Risk division as part of its effort to expand its presence in the cyber market
Simplifai launches generative AI tool InsuranceGPT
Simplifai, an AI automation solutions provider, launches Simplifai InsuranceGPT – a custom-built GPT tool
ZhongAn released AIGC/ChatGPT Insurance Industry White Paper
China’s ZhongAn Insurance and ZhongAn Technology have made a groundbreaking move in the insurance industry, releasing the first-ever white paper
Spinnaker Insurance sponsored of Mountain Re $110 mn catastrophe bond
Spinnaker Insurance Company, a wholly owned subsidiary of Hippo Holdings , announced the successful sponsorship of Mountain Re Series 2023-1 catastrophe bond
AXA Group closes Q1 2023 with insurance business worth EUR 31.8 bn
French insurer AXA informed it closed Q1 2023 with business worth EUR 31.8 bn, up from EUR 31.2 bn a year before, of which Property & Casualty – EUR 18.6 bn
Insurance Europe welcomes the Data Act proposal by the European co-legislators
Insurance Europe’s recently published paper, that examines the impact of the different positions taken on the Data Act proposal by the European co-legislators
UNIQA Insurance Group premiums rose by 6.5% to EUR 1.98 bn in Q1 2023
GWP of UNIQA Insurance Group rose by 6.5% to EUR 1,980 million in the first quarter of 2023 compared to the same period of the previous year
Guy Carpenter acquires Israel’s reinsurance broker Re Solutions
Guy Carpenter, a business of Marsh McLennan and the leading global risk and reinsurance specialist, today announced that it is to acquire Re Solutions
RMS highlighted hurricane forecasts after Nasdaq’s Risk Modelling integration
According to Moody’s RMS, the hurricane forecasts take into account crucial oceanic and climate factors that have historically impacted hurricane activity in the region
Insurtech Cover Genius expands executive team: Kyle Keogh appointed as CBO
Insurtech Cover Genius expands executive team to support growth of XCover, the insurtech’s consumer site, brings on former Google executive, Kyle Keogh
Rachel Turk appointed the new role of Lloyd’s Chief Underwriting Officer
Lloyd’s of London announced the appointment of Rachel Turk in the new role of Chief Underwriting Officer
Allianz announced new appointments for Iberia & Latin America
Allianz announced that Agustín de la Cuerda is appointed as Commercial Managing Director for Iberia, and David Colmenares as Commercial Managing Director for Latin America
Vienna Insurance Group grows in Q1 2023: EUR 3,9 mn premiums
Vienna Insurance Group (VIG) continues to be on a growth path in Q1 2023, with premiums written according to IFRS 4 increasing y-o-y by 12.1% to EUR 3,871 million
Greece insurance market in Q1 2023 totaled at EUR 1.23 bn
The Greece insurance market at the end of March 2023 totaled at EUR 1.23 billion, 6.8% more y-o-y, according to the Q1 2023 preliminary statistics published by HAIC
Cloud-based Insurtech Novidea raised $50 mn funding
Insurtech Novidea, a cloud-based, data-driven platform, has raised $50 mn in its latest round of funding led by Battery Ventures
Travel insurtech Faye raised $10 mn in Series A funding
Travel insurtech startup Faye has raised $10 mn in Series A funding just a year after launching its product in the U.S., bringing the company’s total funding to $18mn
AIG is planning to sell Validus Re to RenaissanceRe
AIG is planning to sell Validus Re, including AlphaCat and the Talbot Treaty reinsurance business, to RenaissanceRe for $2.985 bn, consisting of $2.735 bn in cash
Catastrophic floods in Italy to cost millions euros for re/insurance sector
Local authorities are foreseeing economic losses in the billions of euros related to floods in Italy due to the massive disaster, while the insurance industry
Insurtech Kin reportes $83 mn in gross written premium for the Q1 2023
Insurtech Kin finished the first quarter of 2023 with $83 mn in gross written premium, which was positively impacted by $33 mn in new bound premium
Cevian Capital is selling a stake in the UK insurer Aviva
Three years after purchasing shares in Aviva, activist investor Cevian Capital is selling almost all of its stake in the insurance giant
Property catastrophe reinsurance market conditions reach peak
Property catastrophe reinsurance market conditions reach peak, presenting advantageous prospects for reinsurers
Insurtech wefox raised $110mn from Series D extension a $55m credit facility
Germany-based insurtech wefox has raised a total of $110m with a $55m credit facility from J.P. Morgan and Barclays
Swiss Re leaves the Net-Zero Insurance Alliance
Global reinsurer Swiss Re has announced it will leave the Net-Zero Insurance Alliance. “Our commitment to our sustainability strategy remains unchanged”
SCOR’s premiums in Q1 2023 fell to EUR 4.7 bn, net income of EUR 311 mn
SCOR has reported Group net income of EUR 311 million in the first quarter of 2023, compared with a net loss of EUR 35 million a year earlier
Allianz increased total business volume in Q1 2023 by 3.9% to €46 bn
Allianz reported that the total business volume in Q1 2023 increased by 3.9% to €46 billion
Fairfax Financial Holdings announced Q1 2023 financial results
Fairfax Financial Holdings announced Q1 2023 financial results, reporting net earnings of $1,250 mn in Q1 2023 compared to net earnings of $588.7 mn
Negative outlook for Spanish insurance market
Spain’s Non-life gross written premium (GWP) grew by 5.2%, although this is nominal growth and so not adjusted for inflation
Cost of a cyber data breach averaged $4.35 mln
Reaching an all-time high, the cost of a data breach averaged $4.35 mln in 2022. This figure represents a 2.6% increase from last year
Florida insurers will have a challenging reinsurance renewal
Florida insurers will have a challenging June reinsurance renewal, even with the implementation of the legislative reforms
Insurtech bolttech raised $196 mn and valued at $1.6 bn in Series B
Insurtech bolttech announced it raised $196 million in connection with its Series B with an up-round valuation of $1.6 billion
Insurtech Cover Genius partners with Volaris to travel insurance protect
When booking flights, Volaris customers will have the option to protect their international travel through various coverages offered by Cover Genius such as medical insurance
Lloyd’s released the 2024 business plan & capital approval for syndicates
Lloyd’s of London has released a market bulletin detailing the 2024 business plan and capital approval process and timeline for syndicates
European insurtech wefox launched global affinity business
European insurtech wefox has launched its global affinity business, which connects insurance companies with suppliers to distribute insurance products
Convex Insurance exceeds $3bn of gross written premium in 2022
Convex Group, the international specialty insurer and reinsurer, announces its financial results for the year ended 31 December 2022
Insurtech Root Q1 2023 results: premium decreased by 28% to $135 mn
Root Insurance shared its Q1 2023 results. The insurtech ended the quarter with 199,685 policies in force, a decrease of 135,588 auto policies (40%)
Insurtech Lemonade shared Q1 2023 results: premium reached $653 mn (+56%)
Insurtech Lemonade shared its Q1 2023 results. The company ended the quarter with 1,856,012 customers, a 23% increase
Spanish pet insurtech Barkibu sequred €4.5 mn funding led by Kfund
Spanish startup Barkibu, a pet health insurance and preventive coverage provider, has raised €4.5 million in a funding round led by Kfund
Swiss Re reported a net income of $643 mn for the Q1
Swiss Re reported a net income of USD 643 million for the first quarter of 2023 as improved profitability in all main businesses
Insurtech Hippo announced TGP premium growth of 59% to $245 mn
Insurtech Hippo has announced total generated premium (TGP) growth of 59% to $245 mn in Q1 2023, compared to $154 mn a year ago
Percipience and insurtech Concirrus’ partnership will bring data analytics & AI capabilities
Percipience, an insurance data and analytics platform provider is pleased to announce a new partnership with Concirrus, a artificial intelligence insurtech
French P&C insurers are facing credit negative increase in drought losses
French P&C insurers are currently facing credit negative increase in drought losses this year amid forecasts of prolonged warm
Strong liquidity position of North American life insurers
The stable liability profile and strong liquidity position of North American life insurers should mitigate near-term challenges
Moody’s RMS is integrating NRMC into its Intelligent Risk Platform
Moody’s RMS, the leading global catastrophe risk modeling and solutions company, is integrating Nasdaq’s Risk Modelling for Catastrophes (NRMC) service
Swiss Re forms partnership with insurtech Benekiva to create an digital claims
Swiss Re and insurtech Benekiva, known for their configurable rules-driven claims and servicing platform solution have formed a strategic partnership
AI WealthTech Range sequred $12 mn funding led by Gradient Ventures
Range, the all-in-one AI WealthTech platform, had raised $12 mn in funding led by Gradient Ventures, Google’s AI-focused venture fund
Coalition launched a new version of Executive Risks Insurance products
Coalition has launched a new version of its Executive Risks Insurance products for not-for-profit organisations
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