Swiss Re launches SRILIAC – insurance-linked investment company
Swiss Re announces the launch of its new investment advisory company and wholly owned subsidiary Swiss Re Insurance-Linked Investment Advisors Corporation
News
Workers’ compensation startup Pie Insurance parners with InsurTechs
Pie Insurance, the specialist provider of cover for small businesses, has forged three, key partnerships to drive its solutions in the marketplace
US InsurTech Socotra raised $50mn in funding capital in Series C round
Insurtech Socotra has expanded its team by 63% and also raised $50mn in funding capital in its Series C round
US Insurer Nationwide to launch with Insurtech Brella a new health insurance
Insurance giant Nationwide has partnered with insurtech Brella to launch a supplemental health insurance plan that covers out-of-pocket expenses
InsurTech Cover Genius has formed a partnership with the BNPL fintech, Zip
The Australian insurtech Cover Genius has joined forces with leading BNPL provider Zip to offer customers cover on purchases at the point of sale
Gallagher announced the acquisition of risk management organization Another Day
Gallagher announced the acquisition of Another Day. Terms of the transaction were not disclosed. Another Day is a UK-based risk management organizations
Sun Life Financial sells SLF of Canada UK to Phoenix Group Holdings
Sun Life Financial has entered into an agreement to sell SLF of Canada UK Limited to Phoenix Group Holdings, Headquartered in London
Global Indemnity agreed to sell American Reliable Insurance Company to Everett Cash Mutual
GBLI (Global Indemnity Group) announced that its subsidiary American Reliable Insurance Company has sold its Farm, Ranch, and Equine book
Aviva to acquire MGA Azur Underwriting – high-net-worth personal lines business
Aviva has signed a binding agreement with specialist MGA Azur Underwriting to acquire its high-net-worth personal lines business in the UK and Ireland
Insurtech Lemonade`s Q2 2022 highlights: In-force premiums rises up 54% to $458m
In-force premiums (IFP) Lemonade have risen 54% year on year to reach $458m in Q2 2022. Startup said that (IFP) stood at $297m in Q2 2021 and at $155m in Q2 2020
Reinsurer Munich Re has announced a profit of €1.4 bn for 1H2022
Reinsurer Munich Re has announced a profit of €768 million and €1.4 billion for the second-quarter and first half of 2022, respectively, driven by a solid performance
Inefficiencies in underwriting costing the Global insurance industry $160bn by 2027
$170bn of insurance premiums could be at risk in the next five years due to poor claims experiences, with process inefficiencies in underwriting potentially costing $160bn
Allstate announced in Q2 2022 $1 bn net loss, compared prior $1.6 bn income
Allstate has announced a second quarter net loss applicable to common shareholders of $1.04 billion, compared to an income of $1.6 billion in the prior year quarter
S&P reports about operating conditions for P&C insurers in emerging markets
S&P Global Ratings report that persistent pressures from inflation, tightening financial conditions and slower economic growth in China and other markets
Berkshire Hathaway delivered $581 mn insurance & reinsurance underwriting result
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, had another very successful quarter in its P&C reinsurance business in Q2 2022
Cyber risk insurtech Axio raises $23 mn in Series B
Axio, a platform for cybersecurity risk evaluation, today announced the closure of a $23 million Series B round led by Temasek’s ISTARI
Hannover Re announced net income of €649 mn for 1H2022
Hannover Re, one of Europe’s largest reinsurers, has announced net income of €649 million for the first half of 2022, while the firm’s property and casualty
Insurance Regulatory Authority proposes new rules for Indian insurers and reinsurers
The Insurance Regulatory and Development Authority of India has proposed new rules that would allow Indian insurers and reinsurers to raise capital in different forms
Ghost Security is announcing $15 mn investment at $50 mn valuation
Ghost Security, a US-based application security company, is announcing its emergence from stealth mode and a $15 million investment from 468 Capital
Insurtech-startup Extend announced the launch of Shipping Protection
San Francisco-based startup allowing merchants to offer product protection plans for their customers Extend announced the launch of Shipping Protection
Global reinsurance broker AON announced that its Q2 2022 total revenue increased to $3 bn
Global re/insurance broker AON announced that its Q2 2022 total revenue increased by USD 97 million, or by 3%, to USD 2.98 billion compared to… Read More »Global reinsurance broker AON announced that its Q2 2022 total revenue increased to $3 bn
Financial holding Eurohold sold Avto Union and Eurolease Group
Bulgarian financial holding Eurohold announced it signed a contract for the sale of 100% of the capital of its subsidiaries Avto Union and Eurolease Group… Read More »Financial holding Eurohold sold Avto Union and Eurolease Group
Insurance Europe and EC proposal for European Health Data Space
Insurance Europe has responded to a consultation conducted by the European Commission on its proposal for the establishment of a European Health Data Space (EHDS). The proposal… Read More »Insurance Europe and EC proposal for European Health Data Space
Insurance Market Index: Global commercial insurance prices increased 9%
Global commercial insurance prices increased 9% in the second quarter of 2023, down from an 11% increase in Q1, according to the latest Global Insurance… Read More »Insurance Market Index: Global commercial insurance prices increased 9%
Insurance claims in Louisiana from damage related Hurricane Ida exceedes $13 bn
Insurance claims in Louisiana from damage related to last year’s Hurricane Ida have exceeded $13 billion through June 30th. State officials said that 185 buses… Read More »Insurance claims in Louisiana from damage related Hurricane Ida exceedes $13 bn
NN Group completed the sale of the life insurance subsidiary of AAV to NN Life & Pensions
NN Group, ABN AMRO Bank and their joint venture ABN AMRO Verzekeringen (AAV) announce today that they have completed the sale of the life insurance… Read More »NN Group completed the sale of the life insurance subsidiary of AAV to NN Life & Pensions
Three new members will join the Board of Directors of Bulgarian Euroins Insurance Group
New members will join the Board of Directors of Bulgarian Euroins Insurance Group (EIG), the insurance subholding of Eurohold. They are Todor Danailov, Kremena Pateva… Read More »Three new members will join the Board of Directors of Bulgarian Euroins Insurance Group
Mobility data company Wejo announced completion of a self-arranged $16 mn private investment
Mobility data company Wejo announced completion of a self-arranged $15.9 million private investment in public equity (PIPE) investment in Wejo
Players Health Launches Sports Insurance Product
Players Health, an innovative sports platform and insurtech MGA, today launched a unique insurance product enabling amateur and professional sports teams to buy comprehensive insurance… Read More »Players Health Launches Sports Insurance Product
Tech Platform Dutchie developing Cannabis Commerce Insurance
Dutchie, the tech platform powering cannabis commerce, is entering insurance. Last month, the startup raised $350M at a $3.75 billion valuation and it currently serves… Read More »Tech Platform Dutchie developing Cannabis Commerce Insurance
Real estate tech-company Rhino announced its partnership with AmTrust Financial
Real estate technology company Rhino announced its partnership with AmTrust Financial to provide an additional $60 mn in premium-writing capacity for its core product offering. AmTrust Financial, an international… Read More »Real estate tech-company Rhino announced its partnership with AmTrust Financial
Kenya’s insurtech startup Lami hits $3.7mn in seed extension led by Harlem Capital
Kenya’s leading insurtech startups, Lami Technologies, has raised US$3.7mn in a seed extension round led by Harlem Capital – a VC that invests
Dental Insurtech Bento secures $8.1mn as part of its Series A round
Dental insurtech Bento has secured US$8.1mn as part of its Series A round led by Boston-based Schooner Capital, as it bids to improve access to… Read More »Dental Insurtech Bento secures $8.1mn as part of its Series A round
Fairfax Financial Holdings announces net loss of $881mn
Fairfax Financial Holdings has announced a net loss of $881.4m in Q2 2022 after net earnings of $1,201.4m in the same period the year before.… Read More »Fairfax Financial Holdings announces net loss of $881mn
Mulberri – insurtech and business insurance platform, raises $4mn Series Seed
Mulberri, a pioneering insurtech and business insurance platform for modern PEOs and brokers, has announced that it has raised a $4 million Series Seed led… Read More »Mulberri – insurtech and business insurance platform, raises $4mn Series Seed
Ascot and Marsh provides $50 mn of cover in marine cargo & war insurance for Ukraine
Specialty re/insurance group Ascot and broker Marsh have launched a marine cargo and war facility, which will provide coverage for vital grain and food products… Read More »Ascot and Marsh provides $50 mn of cover in marine cargo & war insurance for Ukraine
Global estimated insured losses from natural catastrophes at $35 bn
Floods and storms drive global insured catastrophe losses of USD 38 billion in first half of 2022, Swiss Re Institute estimates
Coface posted a net income of €78 mn, Trade Credit Insurance premiums grows by 16%
Coface has reported H1 2022 income of €144.4m in its latest results. Turnover in the period of €895m. Trade Credit Insurance premiums were growing by… Read More »Coface posted a net income of €78 mn, Trade Credit Insurance premiums grows by 16%
Insurtech Raincoat raised $4.5m funding for parametric insurance product
Insurtech-Start-up Raincoat has raised $4.5m in seed funding, the round was led by Anthemis and was further backed by SoftBank Group’s SB Opportunity Fund
Swiss Re said that B3i conceptually interesting, but required view
Swiss Re have said that while conceptually the Blockchain Insurance Industry Initiative (B3i) remains an interesting opportunity, it didn’t seem like it was going to… Read More »Swiss Re said that B3i conceptually interesting, but required view
Lloyd’s is gearing up to provide coverage for shipments of grain coming out of Ukraine
Ukraine’s ports have been closed since Russia’s invasion in February with marine insurers based in Lloyd’s of London and the wider London commercial insurance
Insurance framework should focus on regulatory field & control consumer`s data
Insurance Europe stressed the importance of respecting the principle of “same activities, same risks, same rules” and the need true field
Swiss Re Global Business Solutions India and T-Hub expands into the Innovation Hub
Swiss Re Global Business Solutions (GBS) India, the analytical and innovation hub of Swiss Re, will launch a new centre in Hyderabad. The new GBS… Read More »Swiss Re Global Business Solutions India and T-Hub expands into the Innovation Hub
Blockchain Insurance Industry Initiative B3i filed for insolvency
Blockchain Insurance Industry Initiative (B3i) has announced that it has filed for insolvency after failing to raise new capital in recent funding rounds. Formed in… Read More »Blockchain Insurance Industry Initiative B3i filed for insolvency
Unicorn-InsurTech Lemonade has finished acquiring Metromile
Unicorn-InsurTech Lemonade has finished acquiring per-to-mile neoinsurence company Metromile. Under the terms of the deal, Metromile shareholders received 7.3m Lemonade shares, while Lemonade received a… Read More »Unicorn-InsurTech Lemonade has finished acquiring Metromile
French Reinsurer SCOR has reported a net loss of €239mn
French reinsurer SCOR has reported a net loss of €239 million for 2022, driven by claims related to the drought in Brazil, flooding in Australia… Read More »French Reinsurer SCOR has reported a net loss of €239mn
German Insurtech Element has secured €21.4mn in Series B funding
German insurtech Element has secured €21.4mn in Series B funding led by pension fund VZB, taking the total amount raised to date to €88mn. The latest… Read More »German Insurtech Element has secured €21.4mn in Series B funding
Insurtech Noldor has secured $10mn in seed funding led by D.E. Shaw
Data protection insurtech Noldor has closed a US$10mn seed funding round led by D.E. Shaw as it attempts to redefine how carriers, reinsurers and reinsurance… Read More »Insurtech Noldor has secured $10mn in seed funding led by D.E. Shaw
Zurich Insurance has seen a ‘sharp increase’ in fraudulent insurance claims
Zurich Insurance has warned of “a sharp increase” in the number of insurance fraud cases it receives, echoing calls that the cost-of-living crisis
US Insurtech Reserv raised $8mn to overhaul P&C claims processing
US insurtech Reserv, a digital-native third-party administrator (TPA), has raised US$8mn in seed funding led by Altai Ventures and Bain Capital Ventures as it seeks… Read More »US Insurtech Reserv raised $8mn to overhaul P&C claims processing
American Farmers & Ranchers Mutual Insurance has adopted Verisk’s property claims solutions
American Farmers & Ranchers Mutual Insurance Company (AFR Insurance) has adopted Verisk’s property claims-handling solutions. AFR Insurance will use Verisk’s property claims-handling ecosystem to help rapidly assign,… Read More »American Farmers & Ranchers Mutual Insurance has adopted Verisk’s property claims solutions
Insurers will cover ships that export Ukrainian grain only by arrangements navy escorts
Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy… Read More »Insurers will cover ships that export Ukrainian grain only by arrangements navy escorts
Insurance Sector is not Exposed to the Business Interruption Losses due to Russian Gas cut-off
The insurance sector is not materially exposed to the business interruption losses that could arise due to a cut-off in Russian gas supplies to Europe,… Read More »Insurance Sector is not Exposed to the Business Interruption Losses due to Russian Gas cut-off
Summary & Roadmap of Blueprint Two. How Lloyd’s will be engaged with Insurance Market?
Lloyd’s of London explains market engagement approach for Blueprint Two. Published on its website, it outlined three areas under which it was tackling engagement: On… Read More »Summary & Roadmap of Blueprint Two. How Lloyd’s will be engaged with Insurance Market?
UK Motor Insurance Results & Forcasts: Claims Inflation & Premiums Accelerates
Motor insurers last year recorded a Net Combined Ratio (NCR) of 96.6%, according to EY’s latest UK Motor Insurance Results
Surplus Lines Insurance Premiums Exceeded $31 bn (+32%)
Surplus lines insurance premiums exceeded $31 billion, and premium bearing transactions neared 2.8 million, according to the report of the US Surplus Line Service and… Read More »Surplus Lines Insurance Premiums Exceeded $31 bn (+32%)
Willis Towers Watson has Issued a Statement on Solvency II Insurance Reforms
Willis Towers Watson has issued a statement on Solvency II reforms, saying that the package of reforms under consultation has the potential to create clear… Read More »Willis Towers Watson has Issued a Statement on Solvency II Insurance Reforms
Life Insurtech Bestow partnered with platform Empathy
US life insurtech Bestow has partnered with bereavement platform Empathy to provide its customers with greater support when they lose a loved one. Founded in 2020, Empathy was created… Read More »Life Insurtech Bestow partnered with platform Empathy
Insurtech Incubator Gateway has announced the close of its Seed Fund II
Insurtech Gateway, a leading industry incubator, has announced the close of its Seed Fund II. The move will enable Insurtech Gateway to support a further… Read More »Insurtech Incubator Gateway has announced the close of its Seed Fund II
InsurTech Koffie has announced the closing of an $11 mn Series A
InsurTech Koffie Insurance, that focuses on providing financial services to the trucking and transportation sector, has announced the closing of an $11 million Series A,… Read More »InsurTech Koffie has announced the closing of an $11 mn Series A
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