Insurtech Raincoat sequred an additional $6.5 mn led by TwoSigma Ventures
Insurtech Raincoat has sequred of an additional $6.5 mn seed round bringing its total raised to date to $11 mn
News
Insurtech Lemonade with General Catalyst creates Synthetic Agents
Insurtech Lemonade has partnered with General Catalyst (GC), a leading venture firm and an early investor in Lemonade, to create Synthetic Agents
CoreLogic estimates $7-10 bn in insured damage from June U.S. storms
Severe thunderstorm activity from June 11-15 brought strong straight-line winds, record-sized hail, and tornadoes, causing substantial damage to property across the United States
Car insurer Hagerty has raised $105 mn from existing strategic investors
Car insurer Hagerty has raised $105 mn from existing strategic investors including State Farm, Markel Group and the Hagerty family. Insurer`s value is $3 bn.
Cyber insurance broker INSUREtrust introduced product Cyber Pre-Check
INSUREtrust, a specialized cyber insurance and risk management broker under Starwind Specialty, has introduced Cyber Pre-Check
Carbon insurtech Kita and OxCarbon signed a Memorandum of Understanding
Carbon insurtech Kita and OxCarbon, a not-for-profit spin-out from the University of Oxford, have signed a Memorandum of Understanding
Insurtech Root rebuffed a takeover bid from Embedded Insurance
Insurtech Root has rebuffed a takeover bid from Embedded Insurance even though the offer was one of the highest price
Insured loss from Severe Convective Storm outbreak will be $5.5 bn
KCC estimates that the insured loss from this Severe Convective Storm (SCS) outbreak will be close to $5.5 billion. The KCC loss estimate includesthe privately insured damage
Insurtech Arbol unveiled blockchain parametric (re)insurance platform dRe
Arbol, a global climate risk coverage insurtech platform, in collaboration with The Institutes RiskStream Collaborative, a blockchain and emerging technologies
Insurtech Federato raised $25 mn in Series B
Federato, the insurance industry’s RiskOps underwriting platform, has raised $25 mn in Series B funding, led by Caffeinated Capital, with participation from Emergence Capital
Data observability insurtech Telmai raised $5.5 mn in seed funding
Data observability insurtech Telmai has raised $5.5 mn in oversubscribed seed funding. The round is co-led by Glasswing Ventures and .406 Ventures
Spot Bitcoin ETF launch are inadequate – SEC
The Securities and Exchange Commission said a recent wave of applications filed by asset managers to launch spot bitcoin exchange-traded funds are inadequate
Global mortality insurance protection gap amounted $406 bn
The global mortality protection gap amounted to a staggering USD 406 billion in 2022, representing a 1.5% increase from the previous year
Insurance claims by the Auckland Anniversary floods & Cyclone Gabrielle totaled $2 bn
107,569 claims arising from the twin climate disasters of the Auckland Anniversary Weekend floods and Cyclone Gabrielle
Insurity offers e2Value’s valuation and replacement cost calculations for insurers
Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, together with e2Value is offering promotional pricing for e2Value’s valuation
Britain’s reforms to Solvency II capital rules for insurers will unlock billions of pounds
Britain’s finance ministry said on Thursday that the first batch of post-Brexit reforms to ‘Solvency II’ capital rules for insurers, which it hopes will unlock billions of pounds
Families of Titan submersible passengers seeks damages from OceanGate’s insurers
Liability waivers signed by passengers on a submersible lost at sea during a dive to the Titanic wreck may not shield the vessel’s owner from potential lawsuits
Aon, Lloyd’s and VIG team will support Ukraine’s recovery & reconstruction
Aon, Lloyd’s, and Vienna Insurance Group committed to providing enhanced reinsurance capacity to support Ukraine’s country’s recovery and reconstruction efforts
Marsh McLennan helps Ukrainian Government to facilitate access to Global Insurance Market
Marsh McLennan has revealed its collaboration with the Ukrainian government to assist in unlocking access to the global insurance market
MS Amlin launches new AI-powered claims triage process
MS Amlin, the Lloyd’s global (re)insurer, launches of a new claims triage capability, the first in a series of developments originating
Intensification of tropical cyclones and re/insurance losses growth
Tropical cyclones are expected to become more powerful, leading to heightened rainfall and larger storm surges
Zurich Insurance and Cardif plan to buy Indonesian insurer Astra Life
Zurich Insurance Group and insurer Cardif are among the parties considering bids for PT Astra International’s life insurance arm
Intelligent AI launched of Intelligent Rebuild Cost Validation Platform
Insurtech Intelligent AI has developed the Intelligent Rebuild Cost Validation Platform, which is designed to address the long-standing challenge of underinsurance
Insurtech Precedent sequred $9 mn in Seed round led by Adir Ventures
Insurtech Precedent, the insurance industry’s first Digitized Demand Handling technology, has closed $9 mn in Seed funding
US property & casualty insurers recorded $8.2bn underwriting loss for 2023
US property and casualty insurers has recorded an $8.2bn underwriting loss for the Q1 2023, according to AM Best report
Hannover Re Group net income rises to EUR 484 mn in Q1 2023
Reinsurer Hannover Re generated an increased profit in the first quarter of 2023 and confirms its Group net income guidance for the full financial year
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
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
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
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
Insurance brokers push debt-financed acquisitions amid slowing growth, Fitch warns credit risks rise but strong cash flow keeps leverage tolerable
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges