Nippon Life Insurance Company has agreed to invest an additional commitment of $1 bn in Resolution Life, a leading global life and annuity insurance consolidation business
Lloyds Banking Group has invested £4 million in Caura, an award-winning all-in-one motoring app designed to take the hassle out of car ownership
The most difficult conditions during the recent 1 January 2023 renewals were experienced in the property segment, driven by an evident mismatch in demand and supply
At least five events topped the economic loss threshold of $10 billion. Hurricane Ian dominated the ranking with an aggregated toll of approximately $95.5 billion
Life Insurtech Covr Financial Technologies has partnered with Smart Choice to bring its digital insurance platform for independent agents, Covr Pro, to 9,500 Smart Choice
Tesla has discussed its results. CEO Elon Musk and CFO Zach Kirkhorn shared some insights about Tesla Insurance
Direct-to-consumer mortgage lender AmeriSave Mortgage Corporation has partnered with Ladder Insurance, giving customers the option to apply for life insurance online
Insurance Europe has responded to the European Supervisory Authorities’ call for evidence on greenwashing
Coalition is now even better placed to deliver its Active Cyber Insurance to licensed territories around the world
The catastrophe insurance data provider PERILS has disclosed its second industry loss estimate for the Southeastern Australia floods, amounting to AUD 840 mn
Pathpoint, the digital wholesaler where insurance agents can get bindable small commercial E&S quotes, has raised $12.5 mn in funding from existing investors
According to ShipIn Systems, the industry is facing a challenging 2023, with inflation driving up costs for repairs and breakdowns, geopolitical tensions
Japanese insurers are planning to increase insurance premiums for ships carrying liquefied natural gas (LNG) that traverse Russian waters
Insurers have held discussions with the UK government over whether its terrorism reinsurance scheme should cover state-backed cyber attacks
German Financial regulator Bafin wants to put a stop to excessive costs in life insurance. High costs do not always mean an appropriately increased return
Unemployment insurance fraud since April 2020 could total more than $60 bn, according to a report by the U.S. Government Accountability Office
Digital life insurtech startup Dayforward has closed a $25 million funding round led by AXA Venture Partners, with participation from existing investors including HSCM
Insurtech Peppercorn has created the “world’s first” conversational AI insurance assistant. Peppercorn’s platform enables customers to benefit from a more responsive
insured.io, a provider of cloud-based, customer engagement solutions for the insurance industry, has announced the availability of a new payment processing feature, Payment Center
Digital business insurance platform Embroker has launched a new data science application, ONE — a universal application that utilizes AI and machine-learning
The AI-led insurtech Concirrus, a data and analytics platform for commercial insurance, has launched its new Marine Hull Market Model – which is currently leading the… Read More »AI-led insurtech Concirrus launches new Marine Hull Market Model
Hanover Insurance Group has estimated catastrophe losses of $190 mn for the Q4 2022, of which $165 mn, or 87%, were driven by Winter Storm Elliott
TONI Digital is a digital insurance-as-a-service provider, offering personal and commercial insurance lines such as motor insurance
Liberate Innovations, software-as-a-service (SaaS) platform that enables P&C insurers to fully automate claims and underwriting journeys, has raised $7mn in funding
Papara, the market-leading Turkish fintech, today announces the launch of pet insurance product to users in Turkey
SunLife, part of Phoenix Group, and iptiQ, Swiss Re’s digital B2B2C insurer launch an innovative life insurance product for UK-based customers aged 50 years and above
Stone Ridge Asset Management, the New York based asset manager an alternative risk premia focus, including reinsurance & ILS, has provided $100 million in capital
Vienna-based insurtech “Hi.health” raised €6 mn in a pre-Series A financing round led by existing investors SpeedInvest and Calm/Storm
Insurtech Hippo Insurance has placed of its reinsurance program for the 2023 year, which includes a 32% rise in per-occurrence excess of loss (XoL) limit
National Flood Insurance Program had paid $2.2 billion in claims for Hurricane Ian an increase of almost 28%
Insurtech Joyn Insurance has announced it exceeded its target with a $17.7 mn Series A funding round led by OMERS Ventures, with participation from SiriusPoint
The Saudi Central Bank (SAMA) has introduced new amendments to the Unified Compulsory Motor Insurance Policy, allowing an option of repairing the vehicle instead of… Read More »Saudi launched the Unified Compulsory Motor Insurance Policy
There is extensive precedent for requiring companies providing critical infrastructure to get special insurance. Why not require crypto companies to back themselves
Fitch Ratings’ sector outlook for the German non-life insurance market is ‘deteriorating’ for 2023, reflecting Fitch’s expectation that inflationary pressure on property and liability claims
InsurTech MGA Loadsure has received capacity baking from leading specialist international insurer Tokio Marine Kiln to further enhance
Insurtech Battleface has rolled out a new tech-driven platform as a service to support insurance carriers, brokers, managing general agents (MGAs)
Lloyd’s global specialty (re)insurer MS Amlin has strengthened its Asian reinsurance business by floating a local special purpose reinsurance vehicle (SPRV) with US$45 million
Munich Re has announced that it has selected Verisk’s global risk analytics business, Verisk Maplecroft, to help it enhance human rights due diligence
Insurance Europe has sent a letter and a position paper to the European Commission to explain why an outright EU-wide ban on inducements would limit consumer’s access
Phinsys, the leading finance automation software provider for the insurance sector, announced today that the specialty insurer Palomar Holdings is implementing
International Group of P&I Clubs has seen a benign pool claims environment for its 2022/2023 program, but it notes that reinsurance partners have been impacted
Lloyd’s of London will report a combined ratio of around 95% at the year-end of 2022, anticipating the same for 2023
Parametric flood insurance company FloodFlash, the first insurance provider to pay catastrophic flood claims as fast as 4 hours, announced they have entered the U.S. insurance market
The insurance market in Poland ended 2022 with the largest reduction in the average MTPL premium in 5 years
Insurance Europe has responded to a consultation conducted by the European Data Protection Board (EDPB) on its draft recommendation on the application for approval
Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has released a new whitepaper, “Modeling Catastrophic Cyber Events”
San Diego insurtech startup XILO offering workflow software for insurance agents and others in the insurance space, capped off 2022 by increasing its seed round
Philly-based insurtech, Propeller, has raised $6.4 mn in seed funding led by a consortium of industry partners
The insurance sector supports convergence and the re-use of existing standards for cyber incident reporting, including with ongoing initiatives, Insurance Europe said
The International Association of Insurance Supervisors (IAIS) published its 2023-2024 Roadmap. The Roadmap outlines the IAIS’ work program for the next two years
Latvian insurance market totaled EUR 734.81 million at the end of September 2022, about 18.74% more y-o-y. There were 4 non-life insurance companies and 2 life
Austrian financial group Vienna Insurance (VIG) informed that its Slovak subsidiary Kooperativa poistovna has purchased 100% of the shares in 365.life d. s. s.
The InsurTech industry in Asia is still relatively smaller as compared to the western world of Europe and North America
Insurtech bolttech and Thailand’s mobile network operator AIS have partnered to deliver embedded protection services including mobile device switch
Stockholm-based startup Lumera has acquired AxyWare, a renowned system supplier for Dutch pension funds. Lumera delivers unified policy administration environments
Ondo InsurTech has won a new contract with insurer Topdanmark, to expand its roll-out to 20,000 new customers in Denmark
The war in Ukraine and extreme weather events have driven up the cost of reinsurance by as much as 200 per cent in crucial January renewals
Insurance companies will have the chance to earn higher profits in 2023 thanks to a continual interest rate hike trend
To discourage irregular migration, Türkiye is expected to implement a new insurance requirement for anyone arriving in Türkiye with a permit
The Insurance Regulatory and Development Authority of India has said insurers will be allowed to classify their sovereign green bond purchases as infrastructure investments
