Sector Updates

ZestyAI, a risk and decision intelligence platform for the insurance industry, has secured partnerships with two US regional insurers, Harford Mutual Insurance Group and American European Insurance Group (AEIG), to strengthen property-level underwriting across their respective portfolios.

Harford Mutual and AEIG partner with ZestyAI

ZestyAI, a risk and decision intelligence platform for the insurance industry, has secured partnerships with two US regional insurers, Harford Mutual Insurance Group and...
AutoRek, a financial operations automation platform, has revealed that 82% of insurers believe AI will dominate the industry's future, yet just 14% have fully integrated it into their financial operations, exposing a stark divide between ambition and real-world adoption across the sector.

Insurance sector’s AI ambition outpaces action, report finds

AutoRek, a financial operations automation platform, has revealed that 82% of insurers believe AI will dominate the industry's future, yet just 14% have fully...
In the first half of 2025, natural disasters caused around $131bn in potential insurance losses globally. Only about $80bn of that was insured. What remains is an uninsured black hole larger than the GDP of Bahrain.

How extreme weather is widening insurance protection gaps

In the first half of 2025, natural disasters caused around $131bn in potential insurance losses globally. Only about $80bn of that was insured. What...
Akur8, a global actuarial AI platform, has acquired Slope Software, a cloud-native actuarial modelling provider for life insurers and pension firms, expanding its capabilities into the life and annuity market.

Akur8 acquires Slope Software to expand into life insurance

Akur8, a global actuarial AI platform, has acquired Slope Software, a cloud-native actuarial modelling provider for life insurers and pension firms, expanding its capabilities...
Novidea, a global cloud-native insurance platform provider, has released a platform update designed to reduce manual rework, improve data integrity, and accelerate high-volume processing across policy, claims, bordereaux, and accounting workflows.

Novidea enhances platform for complex insurance operations

Novidea, a global cloud-native insurance platform provider, has released a platform update designed to reduce manual rework, improve data integrity, and accelerate high-volume processing...
Global InsurTech Deal Activity 2025

US cemented its place as the main global InsurTech hub with 53% of all...

Key global InsurTech investment stats in 2025: Global InsurTech deal activity dropped by 5% YoY in 2025 US companies secured 53% of all deals...
Skipton Building Society has partnered with LifeSearch, a leading protection specialist, in a strategic move from a single-tie arrangement to a broker model, broadening members’ access to life, critical illness, and income protection products.

Skipton partners with LifeSearch to expand protection advice

Skipton Building Society has partnered with LifeSearch, a leading protection specialist, in a strategic move from a single-tie arrangement to a broker model, broadening...
Ortec Finance has announced the launch of GLASS PRISM, a Strategic Asset Allocation (SAA) optimisation tool powered by its Scenario-Based Machine Learning (SBML) methodology, designed to help insurers and other institutional investors better align investment strategy with balance sheet objectives.

Ortec Finance launches GLASS PRISM to optimise insurer asset allocation

Ortec Finance has announced the launch of GLASS PRISM, a Strategic Asset Allocation (SAA) optimisation tool powered by its Scenario-Based Machine Learning (SBML) methodology,...
Austin-based insurance firm Steadily has launched a ChatGPT app that delivers instant insurance premium estimates directly within the AI platform.

Steadily launches ChatGPT app for instant landlord quotes

Austin-based insurance firm Steadily has launched a ChatGPT app that delivers instant insurance premium estimates directly within the AI platform. The new app allows property...
Willis teams with Qover for embedded insurance solutions

Willis teams with Qover for embedded insurance solutions

Willis, a WTW business, has partnered with Qover, a European embedded insurance orchestration platform, to expand its GB Affinity technology ecosystem and deliver faster,...
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News Stories

Baldwin Group’s Azimuth Re targets top contractors

The Baldwin Group, a NASDAQ-listed independent insurance brokerage and advisory firm, has launched Azimuth Re, Ltd., a new member-owned group captive developed in partnership...
KatRisk

KatRisk acquires RED to boost catastrophe modeling

KatRisk, a provider of catastrophic risk modelling software for the insurance and financial services industries, has acquired RED, a specialist catastrophe model provider covering...

How reinsurers can demonstrate AML effectiveness

The reinsurance markets in the Cayman Islands and Bermuda represent one of the offshore financial world’s genuine success stories. Capital flows into these jurisdictions on the back of regulatory credibility, and as the markets have grown, so too has regulatory scrutiny.
PremFina lands £100m funding boost from Waterfall

PremFina lands £100m funding boost from Waterfall

PremFina, the UK's fastest-growing insurance premium finance provider, has expanded its junior capital facility with Waterfall Asset Management to £100m, upsizing and extending the...
Cytora and VulnCheck partner to sharpen cyber underwriting

Cytora and VulnCheck partner to sharpen cyber underwriting

Commercial insurers are set to gain a sharper view of cyber risk at the point of underwriting, following a new partnership between Cytora, the...
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