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
News
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
Insurtech Kin expanded into Alabama home insurance market
Insurtech Kin Insurance has expanded into Alabama, offering affordable and tailored home and property insurance
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
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