Sector Updates

Deferred repairs pose $317bn threat to insurers

Deferred repairs pose $317bn threat to insurers

A new study from ZestyAI has found that over 60% of U.S. homeowners are postponing critical home maintenance, potentially exposing insurers to an eye-watering $317bn in claims.
Cytora boosts insurance efficiency with agentic AI

Cytora boosts insurance efficiency with agentic AI

Cytora has launched a new agentic AI-powered tool, Unified Risk Reasoning, which marks a major step forward in the full automation of risk workflows for insurance professionals.
In today’s competitive insurance landscape, claims handling is both a crucial service function and a major source of cost. Automation is now reshaping how insurers manage this process, and Comarch is actively exploring how insurers can reduce handling costs by as much as 30% through smart digital strategies.

How to reduce insurance claims costs by 30%

In today’s competitive insurance landscape, claims handling is both a crucial service function and a major source of cost. Automation is now reshaping how insurers manage this process, and Comarch is actively exploring how insurers can reduce handling costs by as much as 30% through smart digital strategies.
OneAdvent, a UK-based specialist MGA services platform, has announced a strategic alliance with Diesta to improve premium payment operations for MGAs on the OneAdvent platform.

OneAdvent partners with Diesta to power payments

OneAdvent, a UK-based specialist MGA services platform, has announced a strategic alliance with Diesta to improve premium payment operations for MGAs on the OneAdvent platform.
Reliable Transportation Association, a recognised managing general agent and Lloyd’s of London coverholder, has rolled out a new Physical Damage insurance programme for commercial auto operators, available now across six key U.S. states.

RTA expands insurance portfolio with new auto product

Reliable Transportation Association, a recognised managing general agent and Lloyd’s of London coverholder, has rolled out a new Physical Damage insurance programme for commercial auto operators, available now across six key U.S. states.
Nexus Underwriting, a global specialty managing general agent and part of the Brown & Brown group, has appointed Eamonn Long as chief underwriting officer for its Alternative Risk Transfer (ART) division.

Nexus bolsters ART team with Eamonn Long as CUO

Nexus Underwriting, a global specialty managing general agent and part of the Brown & Brown group, has appointed Eamonn Long as chief underwriting officer for its Alternative Risk Transfer (ART) division.
Kinetic Insurance, a managing general underwriter (MGU) specialising in workers’ compensation, has selected Novidea, a provider of cloud-based insurance management solutions, to modernise and scale its operations.

Kinetic boosts efficiency with Novidea platform

Kinetic Insurance, a managing general underwriter (MGU) specialising in workers’ compensation, has selected Novidea, a provider of cloud-based insurance management solutions, to modernise and scale its operations.
Datos Insights, a global data and advisory firm for financial services and insurance, has announced the acquisition of InsTech, a London-based insurance innovation community and advisory platform.

Datos snaps up InsTech to grow London Market presence

Datos Insights, a global data and advisory firm for financial services and insurance, has announced the acquisition of InsTech, a London-based insurance innovation community and advisory platform.
Intelligent agents like AI-powered assistants, autonomous systems and smart devices could radically reshape how people interact with insurers by 2035, according to new research from global insurance giant MAPFRE.

AI agents could redefine insurance by 2035

Intelligent agents like AI-powered assistants, autonomous systems and smart devices could radically reshape how people interact with insurers by 2035, according to new research from global insurance giant MAPFRE.
US InsurTech funding H1 2025

US InsurTech funding projected to fall by 39% in 2025 as deals over $100m...

Key US InsurTech investment stats in H1 2025: US InsurTech funding decreased by 61% in H1 2025 Trend analysis showed a projected drop of...

News Stories

Plum secures ₹193cr ($20.6m) to reach 10 million employees

Plum, an Indian employee health and corporate insurance platform, has raised a Series B round of ₹193 crore ($20.6m) to scale its claims experience...
Notch closes $30m round to power end-to-end AI agents

Notch closes $30m round to power end-to-end AI agents

Notch, an AI operating system for regulated industries, has closed a $30m Series A funding round, taking its total capital raised to $45m. The raise...
The insurance industry is undergoing a period of rapid transformation as carriers increasingly turn to artificial intelligence, automation and advanced analytics to improve decision-making and accelerate pricing processes.

How Akur8 is building an end-to-end actuarial platform for the next era of insurance

The insurance industry is undergoing a period of rapid transformation as carriers increasingly turn to artificial intelligence, automation and advanced analytics to improve decision-making...
Chubb has partnered with Safe Harbor Marinas, the world’s largest owner and operator of marinas, to become the preferred insurance provider for its members.

Chubb named preferred insurer for Safe Harbor Marinas

Chubb has partnered with Safe Harbor Marinas, the world’s largest owner and operator of marinas, to become the preferred insurance provider for its members. The...
Cytora, a digital risk processing platform for insurers, has partnered with Ideal Postcodes to integrate address validation and postcode intelligence into its underwriting workflows.

Cytora integrates Ideal Postcodes address data

Cytora, a digital risk processing platform for insurers, has partnered with Ideal Postcodes to integrate address validation and postcode intelligence into its underwriting workflows. The...
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