AI AND INSURTECH
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NewsUncertainty caused by unclear data adding up to 10% on cedents’ premiums
Lack of ‘solid data’ to underpin artificial intelligence tools in the reinsurance industry is ‘akin to building a house on very shaky foundations’, Supercede adds
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NewsVerisk: Industry leaders warn on volatility, resilience, and a need for shared data standards
Executives from Lloyd’s, Aviva and Verisk used the Verisk Insurance Conference 2025 in London to deliver a shared message: insurance must brace for more volatility, adapt to rapid technological shifts, and adopt common standards to keep pace with the risks facing clients.
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NewsFrequency perils lead cat surge to $152bn expected insured annual cost – Verisk
A report from insurtech and catastrophe risk modeller Verisk highlights the strain on insurers as severe thunderstorms, wildfires and floods drive sustained losses, with exposure growth and climate change adding further pressure
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NewsA call for pragmatic digital transformation in the London market – Ebix Europe
GRLC standards are just the start, writes Jeff Ward, sales director, Ebix Europe, on what a future digital London market might look like
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NewsGallagher Re: Global insurtech funding surpasses $60bn milestone
Quarter of total investment linked to AI-focused companies, as Q2 report highlights shifting dynamics across L&H and P&C sectors
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NewsAlta Signa: AI, DORA and the Data Dilemma - Why Europe’s Cyber Insurance Market Can’t Afford Complacency
By Ingo Trede, European head of technical underwriting, and Audrey Louche, cyber underwriter, Alta Signa.
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NewsAI model predicts Lloyd’s syndicate performance in new HRP-ICMR white paper
A paper, and an AI model for predicting Lloyd’s carriers’ performance, applied concepts inspired by sports analytics, with underwriting returns heavily influenced by cyclical swings.
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NewsInsurers embrace AI for data ingestion, but lack of strategy risks slowing progress, hyperexponential warns
Shadow AI is on the rise among insurance employees, a study warns, with 90% of respondents reporting they use AI tools not formally introduced by their employer.
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NewsEurope’s MGA market rises as tech-driven growth channel, says Howden Re
European managing general agents (MGAs) are emerging as a high-growth, technology-enabled force in the global insurance distribution landscape, according to a new report by reinsurance broker Howden Re.
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NewsSRCC losses could top $20bn in Lloyd’s US quake scenario, Synthetik Modelling warns
A new modelling analysis of a Lloyd’s extreme disaster scenario has revealed potential insured losses from follow-on civil unrest could exceed $20bn, with mid-sized cities and overlooked exposures posing unexpected threats to re/insurers.
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NewsCyber now the top reputational risk for global firms, WTW report finds
Corporate risk strategists increasingly view reputation as a tangible financial risk, as new WTW survey shows cyber-attacks overtaking ESG as the leading concern.
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NewsOpen-Source Risk Modelling: Unlocking Global Access to Resilience
Open modelling is about more than individual loss events, it’s about global capacity building and risk understanding, writes Dickie Whitaker, CEO, Oasis Loss Modelling Framework.
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NewsMcGavick joins mea board as chairman and strategic advisor
Re/insurance industry veteran leader and former XL chief executive to support AI platform’s insurance market growth push.
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NewsHarnessing intelligent use of data to revolutionize claims processing
By properly harnessing data, insurers can supercharge efficiency, cut costs, and enhance the customer experience, writes Darren King, vice president, claims, EMEA & APAC, Xceedance.
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NewsDWIC 2025: Cyber insurance gains traction in the GCC
As cyber threats intensify across the Gulf, businesses face a growing protection gap—with few insured against the true scale of risk. At DWIC, Zurich’s Peter Englund and Clyde & Co’s Olivia Darlington explored how regulation, rising incident costs and evolving insurance products are reshaping the region’s cyber risk landscape.
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NewsDavies opens Qatar office to grow Middle East footprint
Ricky Maloney, who serves as Qatar country executive and head of the GCC region, will lead the office.
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NewsDigital Transformation: A Middle Eastern Opportunity – Verisk
Verisk’s Tim Rayner spoke to GR on challenges of navigating technological changes in a complex marketplace, and opportunities in the UAE and Saudi Arabia.
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NewsDavies promotes Patel to North American CEO
Insurance services firm Davies said technology was expanding its North American arm, focused on claims administration and risk management services.
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NewsLatAm ends 2024 with 502 insurtechs, despite challenges – MAPFRE
Insurtech funding in LatAm reached $92m last year, down 38% on the previous year, but the second half also saw a 156% rebound compared with the first half of 2024.
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NewsAI Act: Europe’s bid for trustworthy AI development and global leadership – Earnix
AI systems must be transparent, free from bias, and easily explainable, writes Robin Gilthorpe, CEO of Earnix.
