Sector Updates

As 2024 draws to a close, experts in the insurance sector are forecasting the trends and obstacles likely to define the industry in 2025. While technologies like generative AI are making waves in claims processing and customer engagement, age-old challenges around efficiency, accuracy, and security remain prominent.

Arthur J. Gallagher & Co., a leading global insurance brokerage, has officially taken over M.J. Schuetz Insurance Services, an insurance firm based in Indianapolis,...

Wrisk, a leading provider of embedded insurance solutions for automotive brands, has appointed Sebastian Hartmann as European Director of Business Development. Sebastian brings a...

Nexus Underwriting has entered into an agreement to acquire Arma Fusion, the parent company of Arma Underwriting.

Aviva, a leading insurance company, has successfully agreed to acquire Direct Line Group, valuing the latter at approximately £3.7bn. According to Coverager, the acquisition...

LWCC, based in Louisiana, is the largest workers' compensation insurance carrier in the state, and it has announced its plan to acquire 100% of Prescient National.

Cytora, a leading digital risk processing platform, has announced a partnership with Moody’s RMS, a global catastrophe risk modelling and solutions company.

bolttech, a global InsurTech provider focused on building a technology-enabled ecosystem for protection and insurance, has announced the successful closure of its Series C funding round.

Blink Parametric has expanded its innovative parametric travel insurance offering by launching FlyEasy in partnership with Zurich Indonesia and Zurich Edge.

Bridge Specialty Group, a subsidiary of Brown & Brown, has acquired the assets of American Risk Management Resources Network (ARMR), furthering its strategy to expand niche capabilities in environmental insurance.