U.S. D&O insurance results have improved
U.S. Directors & Officers (D&O) insurance results in the first half of 2025 have improved, though premium growth has stalled
News
US life insurtech TCARE raises $17mn for aimed at family caregivers
US insurtech platform TCARE, which provides support to family caregivers and offers a “first-of-its-kind” caregiver insurance to protect against the cost of caring
Insurtech Planck raises $23mn for AI-powered data platform for commercial insurers
Insurtech startup Planck, which is building an AI-powered data and analytics platform for commercial insurers, has raised another $23mn
Insurtech Turaco raises $10mn funding from Series A
The Kenyan insurtech Turaco has raised US$10mn in funding from its latest Series A while maintaining a one billion user target and plans to roll out services across Africa
Insurtech Yokahu selected for inclusion in the 9 cohort of the Lloyd’s Lab
Insurtech Yokahu has been selected for inclusion in the ninth cohort of the Lloyd’s Lab to develop a new parametric loan default protection product
Verisk Maplecroft launches new Industry Risk Analytics
Verisk Maplecroft, a global risk analytics business of Verisk, has launched its new Industry Risk Analytics to provide companies, insurers, and financial institutions
The cost of a cyber claim for small business increased by 58%
The cost of a cyber claim for small business owners increased by 58% in H1 2022, compared to the same period the year before
Reinsurers are showing a diverging appetite for Florida property catastrophe risk
Reinsurers are showing a diverging appetite for Florida property catastrophe risk ahead of further anticipated price increases and coverage constraints going into 2023
International insurance broker Howden acquires Born Consulting
Founded in 2003, Born Consulting is based in Bern, Switzerland and is an independent insurance broker for national and international intermediaries
EU supervision of third-party litigation funding insurance sector could benefit
The European Parliament plenary session adopted MEP Axel Voss’ own initiative legislative report on responsible third-party litigation funding (TPLF)
Insurtech provider Patra announced a $146 mn growth investment
Patra Corporation announced a $146 million growth investment as part of a recapitalization from FTV Capital, a sector-focused growth equity firm
Reinsurance market expects underlying profitability in 2023
Fitch Ratings has maintained its global reinsurance market outlook at neutral and expects underlying profitability to remain broadly stable in 2022 and 2023
Natural catastrophe events in Germany caused damages of €3bn
The German Insurance Association (GDV) has said that natural catastrophe events caused damages of around €3bn in the first half of 2022
Parsyl, Lloyd’s syndicate-in-a-box 1796, transferred from Ascot to Asta Managing Agency
Asta, a third-party managing agent at Lloyd’s, announced that the management of Parsyl syndicate-in-a-box 1796 transferred to Asta Managing Agency
Sun Life Insurance is acquiring a 51% Advisors Asset Management for $214 mn
Sun Life Financial is acquiring a majority stake in the US-based retail distribution firm Advisors Asset Management (AAM).
Duuo Insurance partneres with property management software Tenantcube
Duuo Insurance Services announced a partnership with property management software Tenantcube to allow tenants to get a renters insurance quote through the Tenantcube platform
Insurtech Hippo Insurance cutting 10% of workforce
Israeli-founded insurtech company Hippo has announced that it has laid off 70 employees, which represents approximately 10% of the company’s workforce
German insurtech Ottonova raised €34 mn in Series F financing
German digital private health insurer Ottonova has closed its Series F financing with an equity raise of €34 million. The current round is led by private equity investor
Fitch: European insurance sector outlooks could move to deteriorating
Several European insurance sector outlooks could move to ‘deteriorating’ if high inflation persists and interest rate rises become more significant
Climate, war and capital are coalescing to create a tipping point for the reinsurance market
According to Howden’s Reinsurance Market Report, heightened volatility caused by various aspects of the current risk landscape has led the market
AIG launches IPO of its majority-owned subsidiary, Corebridge Financial
American International Group (AIG) has launched the initial public offering (IPO) of its majority-owned subsidiary, Corebridge Financial.
7-10% of Bulgarian homeowners insured against damages from natural disasters
A torrential rain caused rivers and streams to overflow flooding several villages in Bulgarian Plovdiv Province on September 2022, leaving over 500 people in need of safe
Insurtech Ownli offering a free consumer data monetization platform for insurance industry
Formerly known as Parked, Ownli is a startup founded in 2020 to focus on the insurance industry by offering a free consumer data monetization platform
Data insurtech startup Tarci closes a $17 mn Series A funding round
Tarci, formerly Leadgence, has closed a $17 million Series A funding round which saw participation from Liberty Mutual Strategic Ventures
US cyber insurance market premiums increasing by 76% to $4.83bn
The US cyber market saw continued and increasing demand for its products, according to a new report from re/insurance broker Aon
Russia-Ukraine war as a contained risk for reinsurance sector
The full extent of insurance and reinsurance losses stemming from the war between Russia and Ukraine remains a murky subject with many unknown factors
US life and health reinsurers’ earnings suffered from adverse mortality trends
According to AM Best, companies within the global life/annuity and health reinsurance segments are adopting different approaches as they react to elevated mortality trends
QBE will underwrite telematics insurtech Zego’s behavior-led fleet product
QBE Insurance will underwrite Zego’s behavior-led fleet product, which leverages telematics data to assess a fleet’s risk profile
Lloyd’s of London reportes an overall loss of £1.8 bn
Lloyd’s of London reportes an overall loss of £1.8 billion for the first half of 2022, but despite reserving £1.1 billion for claims related to the war in Ukraine
S&P have opted to maintain their negative view on the global reinsurance sector
S&P Global Ratings have opted to maintain their negative view on the global reinsurance sector, but have said there are encouraging signs
Swiss Re intends to grow and diversify natural portfolio
Swiss Re has reported that it intends to “further grow and diversify” its natural catastrophe portfolio as it capitalizes on opportunities to hedge the current volatile environment
US and Bermuda reinsurers have seen strong operating returns
US and Bermuda reinsurers have seen strong operating returns in the first half of 2022 with the conflict in Ukraine contributing to “modest” losses
Malaysian insurance market will reach $27 bin in 2026
Led by the life insurance and pension segment the Malaysian insurance industry will reach $26.7 billion in 2026.
Catastrophe losses and pandemic risk have fuelled an increase in insurance protection
Reinsurance earnings will be strengthened by increasing prices and higher investment income amid rising interest rates
Reinsurance pricing will remain strong regardless of a hurricane season
Analysts at Morgan Stanley have said reinsurance pricing will remain strong regardless of a potentially benign hurricane season in 2022
Insurtech startup SureBright secures a $2.5 mn pre-seed round
Insurtech startup SureBright has secured a $2.5 million pre-seed round to hire more staff and build out its embedded insurance and warranty solution
SaaS insurance startup MetaMorphoSys raises $3 mn led by fund Capital2B
Business-to-business (B2B) SaaS insurance startup MetaMorphoSys has raised $3 mn in Pre-Series A funding led by Info Edge-backed technology fund Capital2B
MetLife to acquire Affirmative Investment Management, a specialist global ESG
MetLife Investment Management, the institutional asset management business of MetLife, is planning to acquire Affirmative Investment Management
Indian InsurTech Digit Insurance to enter life insurance sector
Digit Insurance is entering the life insurance space under the brand Go Digit-Life Insurance. Further, HDFC Bank may invest up to ₹69.9 crore in the company for a ~9.95% stake
RentSpree announced a partnership with Sure to offer renters insurance
Rental management software provider RentSpree announced a partnership with Sure to offer renters insurance to users directly via its platform
Insurtech Previsico launches live flood forecasting alert service in the US
UK-based insurtech Previsico has announced the launch of its live flood forecasting alert service in the US. The launch is in partnership with Nexus Alpha USA
Lloyd’s will post a robust underwriting performance in 2022-2024 as reinsurance rates harden
S&P Global Ratings’ latest Lloyd’s Market 2022 Review states a belief that the market will post a robust underwriting performance between 2022 and 2024
Insurers estimates that $5.3 bn is the cost of floods in Australia
The Insurance Council of Australia (ICA) has estimated that $5.28 billion is the cost of this year’s floods across South-East Queensland and northern New South Wales
Global insured losses from natural catastrophes overview
Global estimated insured losses from natural catastrophes in first half of 2022 totaled USD 35 billion, 22% above average of past ten years (USD 29 billion)
UNIQA Insurance Group generated earnings of EUR 169 mn
In 1H2022, the UNIQA Insurance Group generated earnings before taxes of EUR 169 million, by 22% lower y-o-y, under the impact of the exposure to Russian bonds
Insurtech Synatic with Relativity6 will help insurance carriers accelerate underwriting
Synatic, a leader in data integration and automation, announced its partnership with Relativity6, an AI-powered company focused on industry classification, to leverage data integration and… Read More »Insurtech Synatic with Relativity6 will help insurance carriers accelerate underwriting
Insurers distanced from EACOP, crude oil pipeline Uganda-Tanzania
A number of European insurers have ruled out underwriting a proposed crude oil pipeline linking Uganda’s oil fields with the Tanzanian port of Tanga
Covr launches digital platform for life insurance agents Covr Pro
Covr has launched Covr Pro, a digital platform for independent insurance agents offering access to life, long-term care, linked-benefit
Mental health and insurance network Alma raises $130 mn in Series D
Alma, a membership-based network that helps independent mental health care providers accept insurance and “build thriving private practices,” announced $130 million in Series D
Fair Square Medicare raises $15 mn in Series A funding led by Define Ventures
Fair Square Medicare, a brokerage helping seniors navigate Medicare Parts A & B, Medicare Advantage, and Medigap, has raised $15 million in Series A funding
Brazilian InsurTech startup Latú Seguros raises $6.7 mn in pre-seed round
Latú Seguros, a Brazilian commercial insurance startup, has closed a $6.7 million pre-seed round led by CRV and Monashees, with the participation of Onevc
Erie Insurance launches fund to support entrepreneurs and InsurTechs
Erie Insurance, an auto, home, business and life insurance company based in Pennsylvania, announced the establishment of Erie Strategic Ventures
Reinsurance rates will continue to harden during the 2023 renewals
Fitch Ratings have argued that reinsurance rates will continue to harden during the January 2023 renewals, even in the absence of significant catastrophe losses
Why average net combined ratio from P&C reinsurance deteriorated?
Europe’s big four average net combined ratio from property and casualty (P&C) reinsurance deteriorated to 98.9% from 95.5% a year earlier
Slovenian insurance market grows up by 5% in 1Q2022, to EUR 762 mn
Slovenian insurers reported GWP up by 5.1% y-o-y in 1Q2022, to EUR 762.2 million. The trend setter was the non-life segment which provided for about 93% of the y-o-y additional premiums volume
Results of the driver awareness and road accidents survey by Polish Chamber of Insurance
Driver awareness survey organized by the Polish Chamber of Insurance (PIU) consider that speeding by 30 km/h is not dangerous despite being one of the main causes of road accidents
Rental app Airbnb launches travel insurance offering for the guests
The popular vacation rental app Airbnb has launched a new travel insurance offering for the guests it serves. The product is live for guests in the US
Ecommerce platform Shopify launches Included Shipping Insurance
In partnership with Shipsurance, an Assurant company, ecommerce platform Shopify has introduced a bundled shipping insurance offering for merchants
Pricing conditions will remain favourable for reinsurers next year
Analysts at Moody’s have asserted that pricing conditions will remain favourable for reinsurers next year, with momentum expected to continue through the January 2023
5 crypto companies maked false and misleading statements about FDIC deposit insurance
FDIC issued letters demanding five crypto companies and their officers, directors, and employees cease and desist from making false statements about deposit insurance
The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
The US P&C insurance industry recorded a $16.3 bn net underwriting gain in the first three months of 2026, up significantly from a $1 bn loss recorded in the prior-year period
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
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