Labuan-based Mandarin Re has raised its paid-up capital to $26 million, its second capital increase this year, as it looks to expand into markets where larger reinsurers have reduced their presence.
HSBC’s global head of insurance, Edward Moncreiffe, is set to leave the bank in September after two decades with the lender, as the group continues a broader restructuring and focuses on expanding its wealth business in Asia.
Sixfold has partnered with Sollers Consulting to help insurers accelerate underwriting transformation by combining AI-powered risk assessment with insurance consulting and implementation expertise.
Cybersecurity startup Cytix has raised $7 million in Series A funding to scale its change risk management platform as AI-assisted software development accelerates the pace and volume of code changes.
DogPack has partnered with Healthy Paws, a Chubb company, to bring pet insurance directly into DogPack’s platform as the dog-focused technology company expands into essential services for pet owners.
ACORD, the insurance industry’s standards-setting body, has appointed John Kellington as chief executive officer, bringing an experienced insurance technology executive back to the organisation.
IKEA has entered the UK insurance market through a partnership with London-based insurtech Urban Jungle, offering home insurance products to customers as the retailer expands its “Life at Home” services.
CLARA Analytics has launched what it describes as the insurance industry’s first platform to combine claim-level document intelligence with predictive claims triage, aiming to help commercial insurers turn unstructured medical and legal documents into actionable claims insights.
Markel Insurance has expanded its artificial intelligence strategy with the launch of Cortex, a new business unit developed in partnership with Bain & Company to transform the underwriting and servicing of hard-to-place U.S. casualty risks.
American Growth Insurance (AGI) has launched an AI-enabled platform designed to help insurance brokerages accelerate growth and improve operational performance, supported by nearly $70 million in funding from Rockbridge Growth Equity and venture capital firm Atomic.
Prudential Singapore has introduced PRUApex Legacy Index II, a new indexed universal life (IUL) insurance plan designed to give affluent and high-net-worth individuals greater flexibility in growing, protecting and transferring wealth across generations.
Aon has expanded its Data Center Lifecycle Insurance Program (DCLP), increasing the program’s capacity to $5 billion while broadening the range of risk management and advisory services available to clients developing and operating digital infrastructure assets.
AI-powered commercial insurance startup Corgi has reportedly secured a further extension to its Series B financing, lifting its valuation to $4 billion after its third funding round in approximately two months.
Soter Insure, a specialist provider of insurance products for the digital asset sector, has completed the first close of its Series B funding round, led by existing investor Galaxy Digital, with new backing from Coinbase Ventures and Franklin Templeton.
American Growth Insurance (AGI) has launched an AI-enabled platform designed to help insurance brokerages accelerate growth and improve operational performance, supported by nearly $70 million in funding from Rockbridge Growth Equity and venture capital firm Atomic.
Generali has launched a €300 million European Sovereignty Program aimed at improving access to long-term financing for small and medium-sized enterprises (SMEs), strategic infrastructure projects and key industrial sectors across Europe.
Insurtech startup Corgi, which provides business insurance for startups, has raised $106 million in a Series B1 funding round at a $2.6 billion valuation, just three weeks after announcing a $160 million Series B that valued the company at **$1.3 billion.
AI workflow platform Feathery has announced $30 million in total funding, including a recently completed Series Around, as it accelerates development of its AI operating and decisioning platform for financial services.
Aviva has appointed Emma Stewart as Chief Underwriting Officer for its Personal Lines business, effective December 1, 2026, as the insurer continues to strengthen its leadership team following the integration of Direct Line Group.
Generali has launched a €300 million European Sovereignty Program aimed at improving access to long-term financing for small and medium-sized enterprises (SMEs), strategic infrastructure projects and key industrial sectors across Europe.
We rated 130 insurers and AI vendors on whether they publicly document how their AI is governed, tested, and monitored, scored against our published rubric anchored to the NIST AI Risk Management Framework and ISO/IEC 42001. The average score is 9.6 out of 100, and nothing cleared a D.
From underwriting and pricing to claims management and customer engagement, insurers are increasingly looking to AI as the next major driver of efficiency, growth and competitive advantage. According to Gallagher Re’s Global InsurTech Report Q1 2026, AI-focused companies attracted 95.2% of the $1.63 billion invested in insurtech during the first quarter of the year, underlining the scale of industry interest.
The insurance industry is at a crossroads. After years of hard market conditions, insurers are now navigating a softer market one where competition is fierce, customer expectations are rising, and legacy data systems are holding businesses back. The question isn’t whether to change, but how fast.
Convex Group Limited has appointed Bobby Le Blanc as Chairman of its Board, marking a significant leadership development as the company positions itself for its next phase of expansion.
NFP, the Aon-owned insurance brokerage, has acquired the retail cannabis insurance business of Frontier Risk Group as it expands its specialty capabilities in a market facing changing federal regulation.
AXA XL has agreed to acquire the remaining shares of London-based corporate intelligence and cyber security consultancy S-RM, expanding its risk prevention capabilities beyond traditional insurance coverage.
Everest has agreed to sell its Mexico insurance operations to Fairfax Financial Holdings, continuing its strategic withdrawal from commercial retail insurance markets.
Allianz SE has agreed to acquire United Overseas Bank’s asset management business for S$555 million (US$433 million), strengthening its asset management presence in Asia as the German insurer continues its regional expansion strategy.
Ageas has agreed to sell its 30.95% stake in Malaysian joint venture Maybank Ageas Holdings Berhad (MAHB) to Malayan Banking Berhad (Maybank) for €1.1 billion in cash, marking the end of a 25-year partnership in the Malaysian insurance market.
MAPFRE has agreed to acquire a 38.9% stake in Spanish insurtech Tuio, strengthening its investment in digital insurance distribution and artificial intelligence as it seeks to expand across Europe and Latin America.
HSBC’s global head of insurance, Edward Moncreiffe, is set to leave the bank in September after two decades with the lender, as the group continues a broader restructuring and focuses on expanding its wealth business in Asia.
ACORD, the insurance industry’s standards-setting body, has appointed John Kellington as chief executive officer, bringing an experienced insurance technology executive back to the organisation.
Insurance AI company FurtherAI has appointed Zachary “Zac” Hirsch as senior vice president of sales as it looks to expand its commercial operations and customer base across the insurance industry.
Aviva has appointed Emma Stewart as Chief Underwriting Officer for its Personal Lines business, effective December 1, 2026, as the insurer continues to strengthen its leadership team following the integration of Direct Line Group.
Liberty Mutual Reinsurance Group (LM Re) has appointed Tom Spurgeon as Global Head of Cyber Reinsurance, reinforcing its focus on expanding its global cyber reinsurance business.
Utica National Insurance Group has appointed Abel Travis as its new Chief Operating Officer, effective July 27, 2026, as the insurer continues to strengthen its executive leadership team.
Aviva is set to launch a new home insurance quoting tool within the ChatGPT platform, marking its first collaboration with OpenAI and signalling a step forward in AI-enabled insurance distribution.
Marsh Risk has significantly expanded capacity for Nimbus, its large-scale data centre construction insurance facility, increasing available limits to $2.7 billion for major projects across Europe, North America, and Australia.
Aon has announced a $1 billion expansion of its Data Center Lifecycle Insurance Program (DCLP), increasing total available capacity to $2.5 billion as investment in artificial intelligence, cloud computing and digital infrastructure continues to accelerate.
Aging IT infrastructure is a critical threat to the global insurance industry. It’s a famously hard
problem to solve, and many have failed in the process.
Neutrinos, a leading provider of AI-powered intelligent automation solutions for the insurance industry, has announced a significant partnership with a global Fortune 500 life insurance company.
Kennedys IQ SmartRisk combining generative AI with insight-led structured decision making and regulatory compliance
Sixfold has partnered with Sollers Consulting to help insurers accelerate underwriting transformation by combining AI-powered risk assessment with insurance consulting and implementation expertise.
Cybersecurity startup Cytix has raised $7 million in Series A funding to scale its change risk management platform as AI-assisted software development accelerates the pace and volume of code changes.
Allstate is developing a proprietary agentic AI platform called Allie as the insurer looks to embed AI more deeply across its operations and customer interactions.
Exzeo has launched Exzeo Ventures, a new division focused on developing AI-native products, services and businesses, with an initial focus on insurance.
American Growth Insurance (AGI) has completed its first acquisition, purchasing Baltimore-based independent agency Heller-Kowitz Insurance Advisors, marking the first deal since the AI-enabled brokerage platform launched earlier this year.
Insurance software provider Guidewire has launched an Agentic Framework as part of its new Qusar release, enabling insurers to build, deploy and manage AI agents directly within the Guidewire Cloud Platform.
Floodbase, a leading provider of flood data and analytics, has secured a $5 million investment led by Ecosystem Integrity Fund, with additional participation from Pulse Fund.
The UK and US collective decision not to sign a global AI declaration, underscores a growing division over international regulation and raises concerns about the emerging risks of unregulated AI, say insurance business leaders. Insurtech Insights gets the lowdown from Mark Kirby, Professional Services Director at Intersys Ltd. and Risto Rossar, Founder and CEO of Insly.
The US InsurTech sector faced a challenging year in 2024, with total funding dropping by 33% year-over-year to $2.8 billion, reflecting a significant downturn from $4.1 billion in 2023 and $6.3 billion in 2020.
As we step into 2025, the insurance industry is poised for significant transformation. Leaders from across the globe have shared their insights on the key trends shaping the future of insurance. From the rise of digital innovation to the evolving risk landscape, these predictions offer a glimpse into what the year ahead holds.
Accelerant Holdings has announced the public release of its advanced digital platform, app.accelerant.ai, aimed at enhancing underwriting and risk management capabilities for insurers and risk capital partners.
Simon Torrance, Founder and CEO of AI Risk, describes what he sees as the most advanced deployment of ‘Agentic AI’ anywhere in the insurance industry today, setting it in the context of other forms of AI-enabled augmentation and automation, and proposing a holistic approach to AI strategy that will help companies succeed in the Age of AI.
