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
News
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
Marine & Energy division RB Jones acquires Smart Cargo Insurance business from Corvus
Specialty risk coverage solutions provider RB Jones announced its Marine & Energy division acquired the Smart Cargo Insurance business from Corvus Insurance
Aviva launches a standalone insurance coverage for electric vehicle (EV) charging stations
Aviva has launched a standalone insurance product that specifically covers electric vehicle (EV) charging stations, responding to a “boom” in the number being installed in the UK
California-based insurtech Bamboo raises $15mn in Series A led by Eos Venture
California-based US home insurtech Bamboo that offers a range of homeowners, car and personal insurance, has raised $15mn in a Series A funding round
Crop monitoring insurtech PlanetWatchers raises $11 mn for ensuring global supply chains
PlanetWatchers, an insurtech that uses radar and machine learning to provide insights to insurers about changes to a crop, has raised US$11mn in funding of its Series A
FintechOS has partnered with Admiral to power its digital pet insurance products
FintechOS has partnered with UK insurance leader, Admiral, to power its new, digital pet insurance product. FintechOS is a leader in high-productivity fintech infrastructure
Insurtech Wefox: the insurance industry must improve the customer experience
Insurtech Wefox is calling on the insurance industry to improve customer experience and trust in the industry. The insuretech surveyed more than 12,850 consumers
How the Poseidon Principles for Marine Insurance create a benefits for insurers?
Marine insurers have agreed to increase the standards by which they measure climate alignment in the maritime industry
Fannie Mae transferes $700mn of mortgage credit risk to 23 re/insurers
Fannie Mae has announced the transfer of $700m of mortgage credit risk to private re/insurers through its Credit Insurance Risk Transfer (CIRT) 2022 program
McDonald’s moves global insurance operation from Dublin to Bermuda
McDonald’s is moving its global insurance operation to Bermuda from Dublin and is tailing off its Irish vehicle, says a report from the Irish Independent
Japanese Life Insurance Industry will grow to $313 bn in 2026
Japanese life insurers face a series of tough challenges over the next five years because of the country’s ageing demographic and economic factors
Autonomous vehicle technology could revolutionise the mobility space
Safe deployment of autonomous vehicle technology could revolutionise the mobility space, though the insurance industry might not be equipped with the right knowledge
Insurers need partners to reduce the threat flooding poses to life and property worldwide
Insurance Information Institute have stated that insurers need partners to reduce the threat flooding poses to life and property worldwide
Avanta Ventures announces $225 mn fund for early-stage insurtech startups
Avanta Ventures announced a $225 million early-stage Fund II, bringing its assets under management to over $300 million.
Google Cloud and Travelers Insurance to create a cloud-based data ecosystem
Google Cloud and Travelers announced they are working together to create a cloud-based data ecosystem that will quickly synthesize vast amounts of information
Medicare insurance broker GoHealth receives $50 mn investment
Medicare-focused online insurance broker GoHealth has received a $50 million private investment
Indian auto-insurtech Zopper raises $75mn in Series C funding
The New Delhi-based auto-insurtech Zopper raises US$75mn in capital in latest Series C funding drive. Investment round will boost startup’s plans to launch international rollout
UK insurtech ARMD won a place on Lloyds Lab accelerator programme
The UK insurtech startup ARMD has won a place on the latest Lloyds Lab accelerator programme. The innovation lab, which offered a place to nine insurtech startup
CEO Vienna Insurance Group Elisabeth Stadler will retire in 2023
VIG’s Deputy CEO and Deputy Chairman of the Board Hartwig Loeger, ex-Federal Finance Minister and short-term Chancellor, may become the Austrian Group’s CEO
Norbert Rollinger – President of the German Insurance Association (GDV)
Norbert Rollinger is the new President of the German Insurance Association (GDV). The Executive Committee elected the CEO of R+V Versicherung AG to head the association
The Vermont Supreme Court revives a military shipbuilder’s lawsuit for BI insurance coverage
The Vermont Supreme Court has revived a military shipbuilder’s lawsuit for insurance coverage of lost income and extra expenses incurred during the COVID-19 pandemic
Insurtech Inclined raises $15m in a Series A funding round
Fintech startup Inclined has announced it has raised $15m in a Series A funding round. HSCM Ventures led the round, with participation from Anthemis Group
India’s life insurance market swelles by 11% CAGR
The growth of India’s Life insurance market has reported a CAGR of 11% in the sector that has occurred consistently, between 2017 and 2022
UK insurtech Urban Jungle launches Home and Car Multiline Insurance Cover
UK insurtech startup Urban Jungle has become the first insurtech to offer Car and Home multiline insurance cover
Cyber insurance provider At-Bay acquires insurtech marketplace Relay
Cyber insurance provider At-Bay is to acquire Relay, a Toronto-based technology solutions provider, which has built a dynamic digital placement solution
Reinsurance market requires close attention ahead renewals
Reinsurance market has materially shifted and requires close attention ahead of the January 1st, 2023, renewals
Insurtech of workers’ compensation Pie Insurance raises a $315 mn in Series D
Pie Insurance, a leading tech-enabled provider of workers’ compensation insurance to small businesses, has raised a $315 million Series D round of funding
Reinsurance capacity crunch a key catalyst for property catastrophe rate
A potential capacity crunch in the reinsurance sector could be one of the key catalysts for further property catastrophe rate rises at the January 2023 renewals
Cyber insurance premiums could be on a level footing with P&C by 2040
Senior executives are “certain” that cyber will become a prominent line of business for Swiss Re in the long term, even as the reinsurer opts to stay underweight in this class
UK regulator is paying close attention to insurers’ reliance on reinsurance
UK regulator the Prudential Regulation Authority (PRA) is “paying close attention” to the potential for concentration risk due to insurers’ reliance on reinsurance
Underwriting insurance platform Federato raises $15 mn in Series A funding
Federato, a portfolio strategy and underwriting platform for the insurance industry, has raised $15 million in Series A funding, led by Emergence Capital
Generali reaches an agreement to buy the former MetLife pension business in Poland
Generali announced that it has reached an agreement with NN Group to buy the former MetLife pension business in Poland
Hannover Re sees a number of reasons for rising primary insurance rates
Against the backdrop of a trend towards more expensive large losses, German reinsurer Hannover Re expects further price increases and improved conditions in property
Greek insurance market in H1 2022 totaled EUR 2.1 bn premiums
Half year premiums underwritten by Greek insurers members of Hellenic Association of Insurance Companies (HAIC) totaled EUR 2.14 billion, up by 0.20% y-o-y
Hungarian insurance market in H1 2022 rose by 14.8%
Hungarian insurance market in H1 2022 rose by 14.81% to HUF 785.43 billion, according to the quarterly statistics published by the National Bank of Hungary
Global insurance-linked securities (ILS) market remains bogged with prior catastrophe
Global insurance-linked securities (ILS) market remains bogged with prior catastrophe losses as the overall performance of funds deteriorates
AI startup Kanverse signes up to Guidewire’s Insurtech Vanguards programme
A leading hyperautomation platform Kanverse has signed up for Guidewire’s Insurtech Vanguards programme as part of a new innovative strategy
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