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
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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
Cyber insurtech At-Bay is acquiring startup Relay – digital placement solution
Cyber insurance provider At-Bay is to acquire Relay, a Toronto-based technology solutions provider which is enabling the digital transformation of commercial insurance
European insurers call for greater clarity and improvements to draft IAIS criteria
Insurance Europe has responded to a consultation conducted by the International Association of IAIS on draft criteria to assess whether the Aggregation Method
Marsh launches insurance & reinsurance facility for green energy projects
Marsh launches of a first-of-its-kind insurance and reinsurance facility that provides dedicated insurance capacity for green and blue hydrogen energy projects
Large European Reinsurers Underperformes the Reinsurance Market
A new note from Goldman Sachs says that all four large European cap reinsurers have underperformed the market so far in 2022
NY-based startup Qloo raised $15mn in Series B funding from AXA Venture
Qloo, a NY-based company helping brands predict culture and taste preferences of consumers, has raised $15 million in Series B funding from Eldridge and AXA Venture
Provider of credit algorithms for insurers FairPlay launches of Input Intelligence
Provider of credit algorithms for lenders and insurers FairPlay announced the launch of Input Intelligence, a bias detection product for insurance carriers
Insurtech Accelerant launches a $175 mn sidecar investment vehicle Flywheel Re
Insurtech platform Accelerant has launched a new $175 million sidecar investment vehicle, called Flywheel Re. The new sidecar will provide multi-year risk capital
Total dedicated reinsurance capital will slide back
The recent spike in dedicated reinsurance capital growth may prove short-lived, given expectations for depressed investment markets, continued geopolitical turmoil
19% businesses have ransomware insurance coverage limits above $600K
A recent BlackBerry Cyber Insurance Coverage study shows that businesses are growing increasingly concerned about how they will meet ransomware demands.
Vesttoo deploys $1bn in reinsurance capacity to Clear Blue’s P&C lines
Vesttoo has entered a partnership with Clear Blue Insurance Group to deploy $1bn in reinsurance capacity to Clear Blue’s P&C lines over the next year
Ping An Insurance launches PingAn-3, the company’s first earth observation satellite
Ping An Insurance Company of China has launched PingAn-3 – also known as Taijing-1 01 – the company’s first earth observation optical remote sensing satellite
Rising inflation in Europe will hurt the profitability of insurers
Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in the last 25 years, will hurt the profitability of general insurers over the next two years
Russia-Ukraine war is driving conservative reserving in global reinsurance
Greater uncertainty arising from global issues, like the COVID-19 pandemic and the Russia-Ukraine war, is driving more conservative reserving approaches in the global reinsurance industry
Aflac launches short-term disability product with mental health coverage
Insurer Aflac announced the launch of its newly enhanced Aflac Individual Short-Term Disability Insurance. The company’s income protection insurance product
The new factors driving growth in the US property & casualty insurance market
Lloyd’s provides an update on the factors driving growth in the US property & casualty (P&C) insurance market.
Lloyd’s sets out requirements for state-backed cyber-attack exclusions in insurance policies
Lloyd’s of London has set out requirements for state-backed cyber-attack exclusions in standalone cyber-attack policies
Positive reinsurance price movements leds by primary insurance markets
Analysis by AM Best suggests that globally, reinsurers are re-deploying their capital away from property classes and into lines such as casualty and specialty primary lines
Which leading insurance price comparison websites dominate UK’s Car Insurance Market
four price comparison websites—Compare the Market, GoCompare, MoneySuperMarket and Confused—dominate the UK’s motor insurance market
Global executives are of the opinion that Blockchain Technology is all hype
20% of global executives are of the opinion that blockchain technology is all hype, as doubts about its industrial applicability increase due to the recent collapse B3i
Heatwaves & weather-related events account for 11% of home insurance claims
Scorching weather coupled with a lack of rain will create the perfect conditions for wildfires in the UK, and insurers should brace themselves for a rise in home insurance claims
InsurTech Investments fell by 80%, leading to job startapers losses
GlobalData’s Deals Database reveals that the value of global investments in insurtech fell by 79.6%. This follows a consistent flow of stories of insurtechs struggling in 2022
Insurtech Lemonade lais off some Metromile employees after M&A closing
Insurtech Lemonade has laid off some Metromile employees after closing its acquisition of the company. Lemonade said around 20% of Metromile’s team was affected
AI-digital platform for insurance agencies COVU closed a $10 mn seed funding
ManchesterStory Group to create an COVU – AI-enabled digital platform for insurance agencies. The funding will be used to build and scale COVU (formerly Vero Intelligence)
Vehicle platform Autonomy introduced a monthly auto insurance product by Liberty Mutual
Vehicle subscription platform Autonomy introduced a digital, month-to-month auto insurance product into the Autonomy subscription bundle, in partnership with insurer Liberty Mutual
US mortgage insurance underwriting results were strong – Fitch Ratings
Fitch Ratings analysis shows that US mortgage insurance underwriting results in 1H22 were particularly strong as current-year loss activity is in line with pre-pandemic periods.
Stable pattern of re/insurers` underwriting profits
AM Best suggests that there is a stable pattern of underwriting profits as companies are becoming more proactive about making explicit allowances for inflationary trends
US insurtech Ledgebrook has raised $4.2mn in seed funding
Boston-based insurtech, Ledgebrook, has announced that it has raised $4.2M in seed funding to build out its operations with the goal of writing its first policies in Q4 of 2022
Inflation Reduction Act (IRA) of 2022 will benefit U.S. Health insurance industry
AM Best is of the view that the Inflation Reduction Act (IRA) of 2022 contains several important provisions for the health insurance industry
AON and Mergermarket released the latest edition of Global M&A Risk in Review
AON and Mergermarket, a provider of intelligence, data and analysis of global M&A, released the latest edition of their global M&A Risk in Review
AI-Insurtech Tractable announced a Series D round of $60m and hits Unicorn status
London-based insurtech Tractable, which helps insurance companies rapidly process claims with AI, announced a Series D round of $60m and hits unicorn status
Allianz announces 1H 2022 revenue worth EUR 81.2 bn (+7.2%)
Allianz announced 1H 2022 revenue worth EUR 81.2 billion (+7.2%), operating profit worth EUR 6.7 billion (+1.2%) and net income attributable to shareholders of EUR 2.3 billion
Hannover Re Group generates net income in H1 2022 of EUR 649 mn
German reinsurer Hannover Re is confirming its earnings guidance for 2022 after generating Group net income of EUR 649 million in the first six months
Swedish home Insurtech Hedvig raises €9m from Obvious Ventures and D-Ax
The Swedish home insurance startup Hedvig has raised €9,3m from San Francisco based Obvious Ventures and Swedish retailer group Axel Johnson’s venture leg D-Ax
NAIC pass a new regulatory standards for the pet insurance industry
The National Association of Insurance Commissioners members pass a Pet Insurance Model Act to establish appropriate regulatory standards for the pet insurance industry
Insurtech Stoïk raises €11 mn in a Series A round led by Andreessen Horowitz (a16z)
Franch cybersecurity insurtech Stoïk has raised €11m in a Series A round led by US investment giant Andreessen Horowitz (a16z) to roll out its hybrid insurance
Coalition acquires P&C insurer Digital Affect Insurance from Munich Re
Cyber insurance provider Coalition has acquired property and casualty insurer Digital Affect Insurance from Munich Re.
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
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
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