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”
News
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
Verisk and CCC announced a partnership to P&C insurance claims innovations
Verisk Analytics, a leading global data analytics and technology provider, and CCC Intelligent Solutions (CCC), a cloud platform, have announced a strategic partnership
Aon launched Climate Risk Advisory team to provide physical risk diagnostics
AON, a global professional services firm, launched its Climate Risk Advisory team to provide physical risk diagnostics
Berkshire Hathaway reported a strong growth for P&C reinsurance
Berkshire Hathaway’s P&C reinsurance losses and loss adjustment expenses for the quarter increased by $1.1 bn over the prior year
S&P changes methodology for measuring the capital adequacy of re/insurers
S&P Global Ratings has published a new methodology for measuring the risk-based capital adequacy of re/insurers
Insurtech NEXT selected Akur8’s Risk and Rate modelling solution
Akur8, the next generation insurance pricing solution powered by transparent machine learning, has announced its entrance into an agreement with NEXT Insurance
Indian oil tanker company heavily involved in moving Russian oil lost insurance
Gatik Ship Management, an oil tanker company heavily involved in moving Russian oil, lost industry standard insurance for its fleet after falling foul of a G7 price cap
AM Best maintaining Stable market outlook for UK Life Insurance
The positive factors underpinning the stable outlook for the UK life insurance segment include a strong pipeline for pension risk transfers
UK insurers need to reconsider strategies & capital allocation
S&P Global Ratings noted that UK insurers face challenges in maintaining strong balance sheets and managing asset and liability risks
European life insurers are at risk of significant losses on bond
European life insurers are at risk of significant unrealised losses on their bond portfolios due to higher interest rates
Risk Management insurtech YellowBird secured $5 mn Seed round
YellowBird, a EHS and Risk Management technology platform, announced the completion of its $5 mn Seed round funding
Cyber insurtech Coinnect selected for Plug and Play Insurtech Innovation Program
Coinnect, cutting-edge Cyber Insurtech, announces its selection to participate in the Plug and Play Batch 10 Insurtech Innovation Program
Insurance marketplace Capitola raised $15.6 mn in Series A funding
Capitola, the digital marketplace for commercial insurance that connects brokers and carriers and uses AI-based risk appetite matching to streamline the placement process
Lloyd’s proposed a deal with the UK government to help the NHS meet unexpected costs
Lloyd’s of London CEO John Neal has proposed a deal with the UK government to help the NHS meet unexpected costs triggered by major events like the pandemic
2023 tropical cyclone activity in Atlantic is projected as a below-average
A slightly below-average level of tropical cyclone activity is projected for 2023 in the Atlantic basin, according to a forecast released by Colorado State University’s
Fairfax estimates of IFRS 17 impact on shareholder equity by $2.2 bn
Fairfax Financial Holdings announced that a preliminary estimate of the impact of its adoption of a new accounting rule showed it may result in a $2.2 bn increase in equity
CyberCube entered into a partnership with Aviva for suite of cyber solutions & services
Aviva, the UK’s insurer, is to roll out a broad range of products from CyberCube, the cyber risk analytics firm, to support the growth ambitions for its cyber book
Insured losses from the devastating Eastern Australia floods estimates to AUD 5.8 bn
ICA has raised its estimate of insured losses from the devastating Eastern Australia floods that occurred over February and March in 2022 to AUD 5.8 bn
Vienna Insurance Group reported total premium of €12.6 bn for 2022
Vienna Insurance Group reported total premium volume of €12.6 bn for FY2022, up 14.1% from the year-ago figure of €11 bn
Insurtech Insurity will provide cloud-based Sure Underwriting Workbench solution
Insurity, a insurtech provider of cloud-based software for insurance carriers, brokers, and MGAs, will provide its new, cloud-based Sure Underwriting Workbench solution
Insurers must offer Cancel for Any Reason protection for event tickets & flights
Global Consumers More Likely to Purchase Event Tickets, Flights and Accommodations if Offered ‘Cancel for Any Reason’ (CFAR) Protection
Insurtech Policygenius is seeking a buyer and is in late stages of sealing a deal
Insurtech Policygenius is seeking a buyer and is in late stages of sealing a deal. New information suggests this buyer may be Zinnia, formerly SE2
Singapore life insurance industry will grow to $77 bn by 2027
Singapore’s life insurance industry is set to grow at a compound annual growth rate of 9.8% from $47.2 billion in 2022 to $77 billion in 2027
Hong Kong Federation of Insurers call to market more international reinsurers
Hong Kong Federation of Insurers (HKFI) has called for more incentives for international insurers to establish their regional headquarters in the city
Lloyd’s joined the British Insurance Brokers’ Association as its 21st partner
Lloyd’s of London has joined the British Insurance Brokers’ Association (BIBA) as its 21st partner
Corvus launches Cyber & Tech E&O program with Core Specialty
Corvus Insurance, the cyber insurtech, powered by a proprietary AI-driven cyber risk platform, launches of a new program with Core Specialty to support the expansion of the… Read More »Corvus launches Cyber & Tech E&O program with Core Specialty
InsurTech Kanguro launches health insurance for pets
InsurTech Kanguro has launched its health insurance plans for pets. Startup describes itself as the only InsurTech offering an end-to-end customer experience
Canada Life Assurance acquires IPC for a cash consideration of $575 mn
Canada Life Assurance Company, a subsidiary of Great-West Lifeco, has reached an agreement to acquire Investment Planning Counsel
Insurtech Akur8 continues its growth within the P&C insurance marketplace in the U.S.
Insurtech Akur8 has announced that P&C mutual insurance company IMT Insurance has selected its Risk and Rate modeling solution to boost the company’s pricing
China Pacific Insurance with Waterdrip Capital opens crypto funds in Hong Kong
China Pacific Insurance subsidiary CPIC Investment Management has opened two crypto funds in Hong Kong, in partnership with investment firm Waterdrip Capital
US Insurtech Axle secured $4 mn in seed funding led by Gradient Ventures
American Insurtech Axle has developed a universal API for insurance data and is taking an approach of a “Plaid for insurance”
Arch Insurance acquires insurtech Thimble
Arch Insurance has acquired Thimble, a insurtech platform for small business customers and agents. Thimble enables small businesses to quickly get insurance coverage
Insurtech Blink Parametric announced its partnership with AwayCare
Insurtech Blink Parametric has announced its partnership with AwayCare, a premier Managing General Agent (MGA) provider of travel insurance products
Allianz and Munich Re renewed insurance cover for damaged Nord Stream 1 gas pipeline
German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline
EBRD is seeking a resolution of the crisis on the Romanian insurance market
EBRD is seeking a resolution of the crisis on the Romanian insurance market following the withdrawal of the licence of Euroins Romania
U.S. insurers paid out more than $1 bn in dog-related injury claims
U.S. insurers paid out more than $1 bn in dog-related injury claims in 2022, a double-digit percentage increase over 2021 even though the number of claims
InsurTech bolttech partneres with digital insurer Tune Protect Malaysia
International InsurTech bolttech, a embedded insurance provider, has partnered with digital lifestyle insurer Tune Protect Group to offer device protection solutions
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