The scope of Hurricane Ian pushes potential insured flood losses above the median
The scope and intensity of Hurricane Ian have pushed potential insured flood losses above the median with reinsurers and auto carriers on the hook
News
Insurance company restrictions on oil and gas are finally starting to catch up with those on coal
According to a new data report from the Insure Our Future campaign, insurance company restrictions on oil and gas are finally starting to catch up with those on coal
Insurtech platform Vesttoo closes $80m Series C financing round
Vesttoo, the digital insurance risk transfer and investment platform, has closed its $80m Series C financing round, which it says has raised the valuation of the company to $1bn
Suspension of Boeing’s 737 MAX fleet is one of biggest aviation insurance claims in history
The suspension of Boeing’s 737 MAX fleet following two crashes in 2018 and 2019 is now thought to be one of the single biggest aviation insurance claims in history
CyberCube launches the world’s first set of detailed Exposure Databases
CyberCube has announced that it has launched the world’s first set of detailed Exposure Databases to enable re/insurers and brokers to perform a wide range of benchmarking
Chinese general insurance market will grow to $304bn in 2026
Chinese general insurance market is set to grow at a compound annual growth rate (CAGR) of 7.2% from CNY1,367.7bn ($212.1bn) in 2021 to CNY1,943.1bn ($304.4bn) in 2026
Munich Re anticipates a quarterly profit of about EUR 500 mn
German reinsurer Munich Re anticipates a quarterly profit of about EUR 500 mn, despite in Q3 2022 the company registered higher-than-average major-loss expenditure
E+S Ruck expects improvements in risk-adjusted prices in P&C reinsurance
E+S expects significant improvements in risk-adjusted prices and conditions in property and casualty reinsurance on the back
Aegon completes sale of 50% stake in joint venture with Liberbank to Unicaja Banco
Dutch insurance group Aegon announced that it has successfully completed the divestment of its 50% stake in the Spanish insurance
Global natural disaster events caused $227 bn total economic losses
Global natural disaster events of Q3 2022 caused total economic losses estimated at minimally USD 227 billion – of which USD 99 billion were covered by insurers
AXA Spain enteres into negotiations with Groupe des Assurances du Credit Mutuel for the potential M&A
AXA announced that AXA Spain has entered into exclusive negotiations with Groupe des Assurances du Credit Mutuel (“GACM SA”) for the potential acquisition
Cypriot insurers posted H1 2022 aggregate GWP to EUR 529 mn
Cypriot insurers posted H1 2022 aggregate GWP of EUR 528.9 million, up by EUR 52.4 million (or by 11%), according to the half-year market figures report published
Swiss Re estimates its preliminary claims from Hurricane Ian $1.3 bn
Global reinsurer Swiss Re estimates its preliminary claims from Hurricane Ian at approximately USD 1.3 billion, resulting in an expected Group net loss of approximately USD 0.5 billion
War Risks require action from the Reinsurance Industry to help improve resilience
Lloyd’s and Aon highlights a number of areas and risks that require further action from the industry to help improve resilience as the war in Ukraine continues
Tremor launches Reinsurer Product Council with its first cohort of global reinsurers and ILS funds
Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, is pleased to announce that the company has launched its Reinsurer Product Council
Insurance market of Bulgaria 6M2022 totaled almost EUR 918 mn, up by 9.8%
Bulgarian insurance market totaled almost BGN 1.8 billion (EUR 918 million) at the end of June 2022, up by 9.8% y-o-y, according to the official data provided
NN Group sells MetLife asset management business in Poland and Athora Belgium
NN Group announces that it has reached an agreement with Rockbridge to sell the former MetLife asset management business in Poland
Croatian Non-life Insurance rising, life falling according to the market results
According to the data of the Croatian Insurance authority, by September 2022, GWP of the insurance companies reached HRK 9.73 billion
The insurance industry committed to the financial inclusion and fair treatment of customers
Insurance Europe has published its comments on a consultation conducted by the European Insurance and Occupational Pensions Authority (EIOPA) on its draft statement
The Geneva Association supports institution of the UN-convened Net-Zero Asset Owner Alliance
The Geneva Association has become a supporting institution of the UN-convened Net-Zero Asset Owner Alliance (NZAOA), an alliance of institutional investors committed
Insuritas updates on Lily, its virtual digital insurance assistant
Insuritas provided an update on Lily, its virtual digital insurance assistant that the company has spent the past year developing and embedding across its communication
UK Life Insurers are directly exposed to sovereign risk through investments
Fitch expects the UK life insurance sector’s strong business profile and capital headroom to continue to underpin ratings in the hypothetical scenario of the UK sovereign rating
NY-based cyber startup Elpha Secure completes a $20 mn Series A funding
Elpha Secure, the first cyber insurance startup to combine proprietary cybersecurity software with coverage to improve risk transfer, has completed a $20 million
AM Best maintaines its stable market segment outlook on the Japan Non-Life Insurance
AM Best has maintained its stable market segment outlook on the Japan non-life insurance segment given recent profitable underwriting performance
Swiss Re will incur a net loss of $399 mndue to the impact of Hurricane Ian
JP Morgan have forecast that Swiss Re will incur a net loss of $399 million for the third quarter of 2022, largely due to the impact of Hurricane Ian
Allianz completes M&A a majority stake in insurance business Jubilee Holdings in East Africa
Allianz has announced that it has completed its transaction to acquire a majority stake in Jubilee Holdings Limited’s general insurance business in East Africa
Hurricane Ian could lead to $50bn of insured industry losses, global insured losses of $100bn
Hurricane Ian could lead to $50bn of insured industry losses, with a likelihood of seeing global insured losses of more than $100bn in 2022
Insurance industry losses from Hurricane Ian will be $53-74 bn – RMS
Catastrophe risk modeller company, RMS, has estimated that insurance and reinsurance industry losses from Hurricane Ian will be $53-74 bn
StateFilings helps insurance companies create products & filings
Dais, the provider of no-code insurance product solutions, and Perr&Knight have teamed up to streamline speed to market for insurance products
Lloyd’s will collaborate with the UK government to develop the kitemark space exploration
Lloyd’s has announced that it will collaborate with the UK government and industry experts to develop the world’s first kitemark for sustainable space exploration
Insurtech Relay has partnered with cyber risk analytics platform CyberCube
Relay allows clients to intake, submit and compare quotes digitally. The quotes are then presented in Rely’s Smart Client Proposal
Lloyd’s of London is investigating a possible cyber attack
Lloyd’s of London is investigating a possible cyber attack and has taken initial precautions in response, the re/insurance market has confirmed
30 insurers ask court to seize and sell the Japanese vessel ONE Apus to cover $39mn claims
30 insurers that have paid an estimated $39 mn in lost cargo claims, along with cargo owners without insurance, asked court to seize Japanese vessel ONE Apus
Digital life insurance platform Amplify raises $25mn, backed by Munich Re Ventures
Digital-first life insurance platform Amplify has announced a new investment round led by Munich Re Ventures with follow-on investment by Crosslink Capital, Greycroft
Allianz X is buying embedded insurance pioneer insurtech Simplesurance
Allianz X, the digital investment arm of insurance giant Allianz, is to acquire embedded insurance pioneer Simplesurance
Insurtech Lemonade announces the rollout of P&C insurance in the UK
Insurtech Lemonade has launched services for customers in the UK. The New York-based start-up which is powered by AI and social impact is now available for UK customers
InsurTech YAS Microinsurance secures $4.5mn in a pre-Series A funding round
Hong Kong-based insurtech YAS Microinsurance has secured US$4.5mn in pre-Series A funding led by VC firms Noria Capital, ZEMU VC and JKL Capital
InsurTech leader Lisa Powis will join the Executive Management Team of Got You Covered
The personal lines insurance broker, Got You Covered Ltd, has announced that Lisa Powis will join the Executive Management Team in an advisory role as Non-Executive Director
FCA wants to create an insurance ‘risk pool’ for some UK tower blocks after the Grenfell blaze
FCA plans to change the rules on insuring some high-rise buildings in the UK, after a tower block fire in London five years ago led to the deaths of 72 people
Munich Re has acquired SaaS insurtech Apinity for the insurance ecosystem
Munich Re has announced a deal for Apinity, a German insurtech startup that supplies API solutions in the form of software-as-a-service (SaaS) to the insurance industry
Active year for M&A with large block life insurance and reinsurance deals
2021 was an active year for mergers and acquisitions with large block reinsurance transactions leading to a 41% increase in admitted assets owned by private equity firms
M&A and disposition activity within the US life insurance market will continue
M&A and disposition activity within the US life insurance sector will continue in 2022 and 2023, however, weakening macroeconomic conditions and new regulatory hurdles
Aon Grows Data and Analytics Capabilities for Reputational Risk with Acquisition
Global insurance broker Aon has expanded its data and analytics capabilities for reputational risk with the acquisition of advanced analytics and advisory services provider
Hurricane Ian will be one of the largest insured catastrophe losses in US history
Hurricane Ian has the potential to be one of the largest insured catastrophe losses in US history, with implications for both the Florida, reinsurance, retrocession, and ILS markets
Marsh explored how ESG factors are being used to assess clients’ risk profiles
Insurance broker Marsh has released data from a survey of 30 insurers representing a significant cross-section of the UK insurance market, exploring how ESG factors
Catastrophes around the world causes $123bn in insured losses, report Verisk
An annual average basis, catastrophes around the world are expected to cause around $123bn in insured losses compared to an average of $74bn in actual losses
Major hurricane Ian’s impacts to drive a privately insured loss $63 bn
Major hurricane Ian’s impacts are expected to drive a privately insured loss of around $63 billion, the majority of which is from the United States
European Commission extendes the validity of the Motor Vehicle Block Exemption Regulation
Insurance Europe has published a set of key messages on the European Commission’s proposal to extend the validity of the Motor Vehicle Block Exemption Regulation
UK life insurer stocks pressures by moves in the gilt market
UK life insurer stocks are being pressured by moves in the gilt market, mainly by the speed of the market moves and the potential of short-term collateral calls required by derivatives
Premium income for the London insurance market rises by 7%
Premium income for the London insurance market has risen by more than 7%, a new analysis published by the International Underwriting Association
Verisk estimates that Hurricane Ian could drive a re/insurance industry loss of $42-57 bn
Data analytics and risk assessment firm Verisk has estimated that Hurricane Ian could drive a re/insurance industry loss of between $42 billion and $57 billion
Re/insurance industry losses from Hurricane Ian could reach $47bn – CoreLogic
CoreLogic has estimated that the insurance and reinsurance industry losses from Hurricane Ian could reach $47bn.
Fitch warnes insurers of a potential increase in cyber risk
Fitch Ratings has warned of a potential increase in cyber risk as corporate and infrastructure cybersecurity budgets across the US come under increasing pressure
Hurricane Ian in Florida is unlikely to affect credit for rated P&C reinsurers
Hurricane Ian, which hit Florida in recent days, is unlikely to affect credit for rated P&C reinsurers because of ample capital levels and the ability to increase premium rates
Polish Insurance Market in 1H2022 reaches EUR 7.6 bn
According to Polish Chamber of Insurance (PIU) data, the local insurance market ended the first half of 2022 with GWP slightly under the 1H2021 level
Czech insurance market ended 2022 with GWP worth EUR 4.1bn (+17%)
According to the latest information provided by the Czech National Bank (CNB), the insurance market ended 1H2022 with GWP worth EUR 4.094 billion, up by 17.18%
Latvian insurers’ 1H2022 aggregate GWP expanded by more than 20% to EUR 490 mn
Latvian insurers’ January-June 2022 aggregate GWP (local and EU branches, summed-up) expanded by more than 20% to almost EUR 490 million
Polish Financial Supervision Authority issued recommendations about MTPL insurance claim
The new recommendations of the Polish Financial Supervision Authority (KNF), concerning the liquidation of motor insurance claims
Swiss Re expandes partnership with healthcare-tech Verily – subsidiary of Alphabet
Swiss Re has expanded its partnership with Verily by exchanging an investment in Granular Insurance Company for an equity stake in Verily.
Insured losses from Hurricane Fiona are predicted to be between $300 mn to $700 mn
Hurricane Fiona has caused loss of life, extensive property damage, flight cancellations and power loss for hundreds of thousands of homes across Atlantic Canada
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
Finding affordable health insurance in California can be overwhelming. You’re faced with dozens of plan options, unfamiliar terms and questions about whether you qualify for subsidies through Covered California
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities