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We regularly curate the latest insights and reports provided by and in collaboration with our partners and stakeholders to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
Verisk LightSpeed Joins Guidewire Marketplace
Integration helps small business insurers bind new business in seconds
Chubb Launches Chubb Methane Resource Hub
Chubb Limited has unveiled a groundbreaking initiative with the introduction of the Chubb Methane Resource Hub.
Novidea Expands Sales Team as Part of Market Expansion Strategy
Novidea has announced the appointment of two highly seasoned Sales Managers, James Doe and Mike Scott.
Cowbell Partners with Microsoft and Ingram Micro Inc to Boost Policyholder Security
Cowbell has entered into a strategic partnership with Microsoft and Ingram Micro Inc. to elevate policyholder security and diminish cyber risks.
Cytora Partners with ZestyAI to Boost Commercial Property Underwriting
Cytora has announced its partnership with ZestyAI to enhance commercial property underwriting through the seamless integration of climate models.
MAPFRE and Cyberwrite Partner to Boost Cyber Protection for SMEs with AI
MAPFRE and technology provider Cyberwrite, a leading global provider of cyber insurance technology, have joined forces to help the insurer’s clients reduce the risk of cyber-attacks with AI.
WTW Announces Strategic Partnership with Sønr
Sønr, a prominent innovation scouting and collaboration platform, has forged a strategic partnership with WTW.
MAPFRE Chairman Advocates for Ethical AI Legislation in the Insurance Industry
Antonio Huertas presented his vision at the Geneva Association Summit 50, on the need for ethical considerations in AI
Akur8 Expands Presence in Latin American Market
Akur8 has broadened its commercial presence in Latin America by providing strategic solutions for the development of predictive actuarial risk and rate models to build robust, high performance pricing models.
Coalition Appoints Oliver Bäte, Chief Executive Officer of Allianz SE, to its Board of Directors
Coalition has announced the appointment of Oliver Bäte, Chief Executive Officer of Allianz SE, to the company’s Board of Directors.
Inszone Secures Strategic Investment from Lightyear Capital in Milestone Deal
New York-based private equity firm Lightyear Capital LLC to join forces with existing investor BHMS Investments, LP in fuelling Inszone Insurance Services’ growth
Swedish Insurtech Lassie Secures €23 Million in Series B Funding to Revolutionise Pet Insurance
Balderton Capital leads investment round as Lassie aims to transform the pet insurance landscape
Insurtech Luko Enters into Receivership Following Admiral Deal Collapse
French insurtech Luko has entered receivership following the collapse of a €14 million deal with incumbent insurer Admiral in late October.
Aviva Boosts Canadian Presence Via US$100 Million Acquisition of Optiom O2 Holdings Inc
Aviva plc has announced its acquisition of Optiom O2 Holdings Inc, a prominent vehicle replacement insurance business.
From Strategy to Triumph: bolttech’s Investment Head Reveals the Winning Formula
After raising almost half a billion dollars from investors across two funding rounds, bolttech has secured its reputation as a market leader.
Talanx Group Finalizes Acquisition of Liberty Seguros in Brazil
Talanx Group, the German parent company of global reinsurer Hannover Re, has successfully finalised the acquisition of Liberty Seguros in Brazil.
CatX Raises US$2.7 Million to Bring More Alternative Capital into the Insurance Sector
CatX, a platform designed to facilitate the flow of alternative capital into the insurance sector, has successfully raised $2.7 million in seed funding.
Howden Launches New Primary Cyber & Technology E&O Facility in Collaboration with Lloyd’s
Global brokerage firm Howden has unveiled a cutting-edge primary cyber and technology errors & omissions (E&O) facility in partnership with Lloyd’s Insurance Company.
China’s Motor Insurance Sector Anticipated to Surge to US$171.9 Billion by 2028, Predicts GlobalData
In a recent forecast, GlobalData, a prominent data and analytics company, predicts substantial growth in China’s motor insurance industry, projecting a compound annual growth rate (CAGR) of 4.5%.
BrokerTech Ventures Accelerator Opens for 2024 Cohort Applications
BrokerTech Ventures (BTV), the industry’s first broker-led convening platform and accelerator program, has opened the application window for its 2024 BrokerTech Ventures Accelerator program.
Legal & General Seals Historic £4.8 Billion Deal with Boots Pension Scheme
Legal & General has officially confirmed a full buy-in agreement worth £4.8 billion with the Boots Pension Scheme. This transaction stands as the largest of
Chubb Ranked Top Cyber Insurer in the US, Latest AM Best Report
In the latest report from ratings agency AM Best, Chubb solidifies its position as the leading cyber insurer in the US based on Direct Premiums Written (DPW) in 2022.
Tesla Car Insurance Falls Short, Reveals Reuters Deep Dive Investigation
n a recent deep dive, a Reuters Special Report has shed light on the shortcomings of Tesla’s car insurance service, stating that offerings are currently falling short of expectations.
Gallagher Acquires Hughes Insurance Agency, Bolstering NY General Insurance Offerings
Arthur J. Gallagher & Co., a global insurance brokerage, has successfully acquired Hughes Insurance Agency, Inc., based in Queensbury, New York.
OpenAI Sparks Insurance Industry Discussion Amid Social Media Frenzy Over CEO’s Sudden Exit and Reinstatement
Insurance industry leaders discussed the remarkable comeback of OpenAI’s CEO, Sam Altman, following his equally unexpected fall from grace just days ago.
Lemonade Announces Two New Board of Director Appointments: Deb Schwartz and Dr. Samer Haj-Yehia
Lemonade has announced the appointment of Deb Schwartz and Dr. Samer Haj-Yehia to its Board of Directors.
Aon Report Reveals Cyber Attack/Data Breach as Top Business Risk in Asia Pacific
In its recently unveiled 2023 Global Risk Management Survey results, global professional services firm Aon has identified cyber attack/data breach as the foremost concern for organisations in the Asia Pacific region.
PYREG and Kita Partner to Establish Carbon Insurance for World’s Largest Biochar Carbon Removal Project Pool
PYREG, a leading German NetZero Tech company specialising in high-tech biochar carbon removal, and Kita, a global carbon insurance specialist, have unveiled a memorandum of understanding (MOU).
If Skadeförsäkring Partners with Guidewire Cloud to Boost Business Agility, and Transformation
If Skadeförsäkring (If), the leading property and casualty insurer in the Nordic region, and Guidewire (NYSE: GWRE) announced its partnership with Guidewire InsuranceSuite on Guidewire Cloud.
EIS Releases ‘Top 10 Predictions for Insurers in 2024’
EIS has released its insurance sector forecast for 2024. The global coretech platform provider believes there’s every reason to be optimistic.
Marsh Launches LenAI: A Cutting-Edge Generative AI Tool for Global Impact
Marsh McLennan has introduced LenAI, a revolutionary generative AI tool crafted at the company’s Dublin Innovation Centre in collaboration with Oliver Wyman Digital
Fortitude Re Finalises $28 Billion Reinsurance Deal with Lincoln Financial
Fortitude Re, a global multi-line reinsurer, has successfully concluded its $28 billion reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation.
DUAL Partners with AXIS Capital: Expands into Surety Market with Launch of Dedicated Underwriting Division
DUAL North America has officially entered the Surety marketplace with the introduction of its new Surety underwriting division, spearheaded by industry veterans Mark Farina and Brendan Keating.
Vi Digital Partners with Inari, Paving Way for Specialised MGA Launch in London Market
Vi Digital, a startup Managing General Agent (MGA) specialising in algorithmic underwriting, has joined forces with Inari, a core technology infrastructure provider for the global re/insurance industry.
Fidelis Insurance Reports Huge Surge in Underwriting Income for 9M 2023
Fidelis Insurance Group has announced a remarkable surge in underwriting income, reaching $232.9 million for the 9-month period ending September 30, 2023.
LOTTE HIMART and bolttech Partner to Offer First-Ever Home Appliance Switching Service in South Korea
LOTTE HIMART and bolttech partner to offer first-ever home appliance switching service in South Korea
Insurance Industry Increases Resilience Amidst Global Challenges, Confirms Swiss Re Institute
Following a robust 2023 driven by robust US economic expansion, the global economy is poised to decelerate by 0.4 percentage points, reaching a 2.2% real GDP growth in 2024.
Cover Genius Announces Exclusive Partnership with Scandinavian Airline SAS
Cover Genius, the leading insurtech for embedded protection, and SAS, Scandinavia’s leading airline, have announced a new, exclusive, and customised protection programme today.
Inszone Insurance Services Secures Acquisition of New Mexico-based Company
Inszone Insurance Services has officially completed the acquisition of Letherer Insurance Consultants, a well-established insurance firm based in New Mexico.
Oyster Launches Rental Insurance with First-of-its-Kind UBI Programme
Oyster, the cutting-edge insurance platform for commerce, has announced the launch of its groundbreaking rental insurance product, marking the introduction of the first usage-based rental insurance programme in the United States.
wefox Welcomes Industry Veteran Paul Onnen as Chief Technology Officer
Insurtech powerhouse wefox has recently announced the appointment of Paul Onnen as its Chief Technology Officer (CTO), effective immediately.
Hyperexponential and Akur8 Announce Partnership to boost Commercial Pricing in the Insurance Sector
Leading insurtech firms hyperexponential and Akur8 have joined forces in partnership to transform the landscape of specialty and commercial insurance pricing through cutting-edge data-driven solutions.
Insurity Forges Partnership with Key Management Group, Inc. (KMG) as System Integrator
Hartford-based Insurity, a leading provider of cloud-based software catering to insurance carriers, brokers, and MGAs, has unveiled its latest collaboration with Key Management Group, Inc. (KMG), headquartered in Jericho, N.Y., as its newest system integrator (SI) partner.
Tokio Marine HCC Achieves Robust 12.5% Surge in Net Premiums in Q2 Financial Results
Tokio Marine HCC has reported a substantial 12.5% increase in net premiums written for the second quarter of its 2023 fiscal year, reaching an impressive JPY 413.4 billion.
LexisNexis and Agenium Partner to Transform Life Insurance Applications for Speed and Accuracy
LexisNexis Risk Solutions, a prominent provider of data, analytics, and technology solutions for insurance carriers, has unveiled a strategic alliance with Agenium, a leader in disruptive platform technology.
Generali Maintains 2024 Targets Despite a Challenging 9M Period
Generali, has maintained its 2024 targets despite facing a 29.6% surge in adjusted net profit over the nine-month period.
MetLife Finalises US$19 Billion Reinsurance Deal with Global Atlantic
MetLife has successfully concluded a massive $19 billion reinsurance agreement with Global Atlantic Financial Group, a prominent player in the retirement and life insurance sector.
Aviva Reports a 13% Surge in General Insurance GWP in 9M 2023 Results
Aviva plc has released its financial performance for the first nine months of 2023, a period characterised by group CEO Amanda Blanc as one of “strong growth.”
AXA XL Launches New Water Risk Management Solution, WISE Tool
AXA XL Risk Consulting has launched a new Water Impact and Sustainability Evaluation (WISE) tool, aimed at providing risk managers with a remote and customisable solution to comprehensively evaluate and manage water risks.
Howden Boosts Global Cyber Defense: Appoints Jean Bayon de La Tour as International Head of Cyber
Howden has named Jean Bayon de La Tour as the International Head of Cyber, effective immediately.
Lloyd’s Secures Extended Lease with Ping An, Ensuring Headquarters Stay Until 2041
Lloyd’s will maintain its current iconic headquarters till 2041, following a successfully finalised a new lease agreement with its landlord, Ping An.
Cara Morton to Spearhead Zurich Global Ventures in Strategic Reshuffle
Cara Morton, the respected global CEO for Cover-More Group, is poised to assume the crucial position of CEO for Zurich Global Ventures, effective February 1, 2024.
Electronic Health Records (EHRs) Set to Revolutionise Life and Health Insurance Underwriting, says Swiss Re
Swiss Re’s comprehensive research reveals the role of digital Electronic Health Records (EHRs) in expediting and enhancing underwriting decisions in the life and health insurance sector.
Inszone Acquires Hawks View Insurance, Marking Entry to Washington Market
Inszone Insurance Services, a national firm, has successfully acquired Hawks View Insurance. The announcement comes as Inszone makes a significant entry into the insurance market in Washington.
Chubb Studio Boosts Digital Integration Reach with the Launch of B2B2C Developer Portal
Chubb has unveiled a significant expansion in its digital integration capabilities through the introduction of a new developer portal within Chubb Studio®.
Marsh McLennan Works with Ukraine to Safeguard Black Sea Grain Shipments Through New Insurance Initiative
Marsh McLennan has joined forces with the Ukrainian government, the Export Credit Agency of Ukraine, Ukreximbank, Ukrgasbank, and DZ Bank to introduce a pioneering facility named ‘Unity.’
LEADERSHIP SPOTLIGHT: Robert Burr, CEO of Swiss Re’s iptiQ on Human-Led Technology and Closing the Protection Gap
Taking a human-first approach in an increasingly digitised environment is a challenge Robert Burr, CEO of Swiss Re’s iptiQ is more than happy to take up. Insurtech Insights caught up with this dynamic CEO to find out more.
Cytora and Veridion Collaborate to Elevate Business Risk Assessment in the Insurance Sector
Cytora, the digital risk processing platform, has partnered with Veridion, a leading provider of AI-powered business data and market intelligence.
Zurich to Acquire Three Brokerages and Farmers Exchange Flood Programme for US$760 Million
Swiss insurer Zurich has revealed that its wholly owned U.S.-based Farmers Group is poised to acquire three brokerage entities—namely Kraft Lake Insurance Agency, Western Star Insurance Services, and Farmers General Insurance Agency—along with the flood-program servicing arm of Farmers Exchanges. The strategic acquisition is valued at $760 million.
Howden Tiger and Swiss Re Collaborate to Conclude Strategic Loss Portfolio Transfer for KBIC
Howden Tiger, the reinsurance broking arm of the global insurance group Howden, has collaborated with Swiss Re Group to successfully complete a strategic Loss Portfolio Transfer (LPT) for Kookmin Best Insurance Company, LTD (US Branch) (KBIC).
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