San Francisco area-based Life360 is evaluating the impact of Silicon Valley Bank being closed on March 10, 2023 by the California Department of Financial Protection and Innovation
Financial regulators are discussing two different facilities to manage the fallout from the closure of Silicon Valley Bank if no buyer materializes
Flock, the London-based insurtech using real-time data to enable and incentivise safer driving, announces it has raised $38 mn in series B funding
Insurance Europe has responded to a discussion paper by the European Insurance and EIOPA on methodologies for cyber stress testing for insurers
Insurtech CyberSmart — which provides cybersecurity solutions for small- to medium-sized businesses (SMBs) — has raised 12.75 mn pounds ($15 mn) in a Series B round
Vortex Insurance, an parametric weather insurtech, announced the launch of an innovative insurance program allowing the purchase of supplemental hurricane insurance
JP Morgan have estimated that total natural catastrophe insured losses in Q1 2023 so far are in the region of $6-8 bn
Ariel Re, a global reinsurance firm with offices in Bermuda, London and Hong Kong, has announced that it has secured $270 million in capital from five new institutional
To help their contractor clients improve their contract management and negotiation practices, AXA XL and Document Crunch have teamed up to launch a Contract Review
Global insurance mergers and acquisitions (M&A) activity saw a 10-year high in 2022, though a marked downturn in H2 as economic pressures began to impact investor
Cyber risk analytics provider CyberCube has announced the launch of Prep Module Version 1.0, an add-on module of Broking Manager
Swiss Re has successfully closed a multi-year stop-loss transaction with funding led by J.P. Morgan. The deal provides Swiss Re with USD 700 million in underwriting protection
Turtlemint’s B2B vertical Turtlefin has acquired insurtech SaaS startup Last Decimal for an undisclosed amount. Bengaluru-based Last Decimal helps insurance companies
A federal grand jury in Charlotte returned an indictment charging a North Carolina man with masterminding and directing a massive scheme to deceive state insurance regulators
Bucharest-based insurtech Veridion (formerly known as Soleadify) announces a $6 million late seed round to expand to the US and further develop their proprietary AI
AM Best has revised its market segment outlook on the U.S. title insurance industry to negative from stable, owing to significant decline in home sales and refinancing activity
Insurtech Lemonade has released its fourth quarter and full year 2022 financial results by posting them to its website
Insurtech Root continues to see opportunities to increase new writings from Carvana, as well as scale the platform to new partners
Insurtech PolicyStreet has received the green light to operate in Australia by obtaining the Australian Financial Services License
Pet insurance startup Kanguro launched in 2021 as the only InsurTech offering an end-to-end customer experience that is 100% bilingual and 100% digital
UK-insurtech Kita, focused on reducing the risks associated with carbon purchases, has secured a £4mn funding round
Austrian UNIQA expects significantly improved consolidated earnings before taxes for the financial year 2022 in the range of EUR 420 million to EUR 425 million
National Association of Insurance Commissioners (NAIC) announced its strategic priorities for 2023. Each year, NAIC Members finalize the priorities
Pan-African focused reinsurance group Africa Specialty Risks has approved as a coverholder at Lloyd’s. Atrium, a Managing Agent at Lloyd’s, sponsored ASR
Provisions for expected credit losses at U.S. banks increased for the seventh consecutive quarter in the last quarter of 2022, reaching $20.37 billion during the period
QBE Insurance Group has announced its 2022 (FY22) statutory net profit after tax of $770mn, compared with $750mn in FY21
Brazilian Insurance Industry premiums continued with a double-digit growth trajectory in 2022, with an increase of 16.2% versus 12% in 2021
Middle Eastern insurers’ company profiles are heavily influenced by the regional industry profile and operating environment (IPOE) ranges
Cyber insurtech Coalition has announced the expansion of its cybersecurity insurance offering in the US to large enterprise businesses with revenues up to $5 bn
Medtech and insurtech company Kirontech, has announced the launch of its growth capital fundraise to help accelerate its goal of fixing the $1.2 bn problem
A basic home policy covers the loss or theft of possessions, property’s interior and exterior, and personal liability for harm to others
Chinese localities are implementing a reform of health insurance for urban employees and retirees, drawing widespread attention
Global insurtech industry was pegged at $16 billion in 2022, and is estimated to generate $160 billion by 2030, growing at a CAGR of 32.7%
Indian insurtech InsuranceDekho has raised $150 mn in Series A funding consisting of a mix of equity and debt, in the largest ever series A round by an Indian Insurtech
SaaS insurtech Zylo has secured an additional $5 mn in Series C funding from MassMutual Ventures and celebrates key milestones from 2022
A new Florida law and proposals have the potential to reduce the cost of homeowners insurance in the state, according to the Insurance Information Institute
U.S. auto and homeowners insurance premium rates lagged behind the inflation rate in 2020 and 2021, laying the groundwork for the premium increases
The 2022 combined ratio for the property/casualty insurance industry is forecast to be 105.8%, a worsening of 6.3 points from 2021
In the first half of 2025, there were approximately 1,732 publicly reported data breaches in the United States, an increase of 11% compared to the same period in 2024
The number of active job postings in the Insurance sector of the Europe region increased by 13.8% MoM, and increased by 29.4% since December 2022
Trends at Europe’s largest insurance companies illustrate an upward movement in commercial insurance pricing which is set to continue, albeit at a slower pace
Insurtech Roadzen has plans to become a publicly traded company in the US via merger with Vahanna Tech Edge Acquisition in a blank-check vehicle in a deal valued $965mn
A group of plaintiffs’ lawyers has asked a U.S. appeals court to uphold what it called a “historic” $2.7 billion health insurance antitrust settlement
Kin, the direct-to-consumer home insurtech, announced select preliminary operating results through the fourth quarter ended 2022
Allianz reports record operating profit. Total revenues increased 2.8 percent to 152.7 (12M 2021: 148.5) billion euros
Swiss Re reported a net income of USD 472 million for 2022, with a net income of USD 757 million in the fourth quarter. Based on Swiss Re’s very strong capital position
Fairfax Financial Holdings announces fiscal year 2022 net earnings of $1,147.2 million ($43.49 net earnings per diluted share after payment of preferred share dividends)
United Nations-convened Net-Zero Insurance Alliance launched the first Target-Setting Protocol at the World Economic Forum’s Annual Meeting
Following multiple years of large catastrophe losses, reinsurers are raising prices and pulling back cat reinsurance coverage
Total property losses from the M7.8 and M7.5 earthquakes are expected to be close to $20 billion, with the M7.8 earthquake accounting for the bulk of those losses
Digital assets are a threat to the safety and soundness of the banking industry, and banks should proceed with caution
South African insurtech Naked Insurance has raised $17 million in Series B funding led by the International Finance Corporation (IFC)
Ironblocks, a blockchain-native cybersecurity platform, has announced that it has raised $7 million in Seed round co-led by Collider Ventures and Disruptive AI
Cybersecurity startup Descope announced that it has raised $53 million in Seed funding and launched its new authentication platform
OpenEyes, an Israeli insurtech startup targeting commercial automotive fleets, has emerged from stealth with $18 mn in Series A funding led by Insight Partners
Vancouver-based Insurtech Goose Insurance closed a $4 million Series A funding round led by Axis Insurance Managers, with participation from Impression Ventures
Security deposit alternative insurtech Rhino is exploring $40mn fundraising round in what could end up being a massive down round compared to the ~$500mn valuation
Outlining a strategy to improve one’s financial health as the new year begins is an excellent first step toward a more prosperous 2023
The insurance industry is waiting for answers on whether the new price cap on Russian refined product exports will be applied to delivered bunker fuel
Flood insurtech reThought Insurance has raised $10.5 million in a Series B funding round led by InsurTech venture capital firm IA Capital Group
