Reinsurance News
Artificial intelligence in insurance and reinsurance news
Read all of our news on the growing use of artificial intelligence technologies in the insurance and reinsurance industry.
Artificial intelligence (AI) promises to enhance risk modelling and data analytics capabilities for insurers and reinsurers, while also offering new ways to deliver insurance and reinsurance products and support customers as well.
In addition to the use of artificial intelligence (AI) to enhance underwriting and operations, insurance and reinsurance market participants are also increasingly focusing on product development to provide risk transfer protection to support the AI and tech data centre build-out, seeing this as a significant and growing opportunity.
Clean data key to a successful AI-driven reinsurance industry: Ben Rose, Supercede
25th November 2025
Ben Rose, Co-Founder and President of Supercede, the independent reinsurance platform, said he does not reasonably foresee a successful AI-driven reinsurance industry as things stand, but if the industry reaches a point where it has “clean data flying around”, this will represent a major step change. In a recent interview with ... Read the full article
Data centres could generate $5–$11bn in annual premiums: Goldman Sachs
24th November 2025
Goldman Sachs analysts estimate that the data centre opportunity for the insurance sector could generate $5–$11 billion in annual premiums over the next several years, with an annual broker revenue opportunity of roughly $250 million–$1 billion. Analysts said discussions around data centre opportunities within the insurance sector have increased since Read the full article
Counterpart expands affirmative AI coverage to help small businesses address the emerging risk
24th November 2025
Insurtech Counterpart has expanded its Affirmative AI Coverage, and added a Technology E&O Insuring Agreement to address the new and complex risks many companies are now exposed to as a result of businesses adopting artificial intelligence (AI) tools. While reliance on AI tools grows, traditional insurance policies have largely failed to ... Read the full article
Shory Group receives approval to operate in Saudi Arabia
21st November 2025
Shory Group, a First.tech company and a fast-growing InsurTech firm in the region, has secured regulatory approval from the Saudi Insurance Authority (IA) to commence operations in the Kingdom of Saudi Arabia. This marks a notable step in Shory’s regional expansion strategy and positions the company to participate in Saudi Arabia’s ... Read the full article
Fairness, accuracy & human empathy key as Gen AI transforms customer-insurer interaction: GA
20th November 2025
Generative AI (Gen AI) is rapidly transforming the insurance customer journey, but its successful adoption will depend on insurers addressing core customer concerns around privacy, accuracy, and the loss of human connection, a new report by the Geneva Association (GA) has found. The study, ‘Gen AI in the Insurance Customer Journey’, ... Read the full article
Federato raises $100m Series D to accelerate global expansion
19th November 2025
Federato, an AI-powered underwriting platform for the insurance industry, has raised $100 million in Series D funding led by Growth Equity at Goldman Sachs Alternatives. The substantial new capital reinforces a significant change in the insurance industry's attitude, moving away from “old core” legacy systems and embracing modern software that aligns ... Read the full article
Descartes Underwriting adopts mea Platform to power parametric growth
13th November 2025
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has adopted mea Platform’s AI products to enhance automation and data orchestration across its underwriting processes. The implementation expands Descartes’ use of AI to deliver faster, more cost-efficient underwriting decisions. This mirrors the speed and precision of ... Read the full article
Chubb unveils new AI-powered embedded insurance optimisation engine
12th November 2025
Chubb has unveiled a new AI-powered optimisation engine within Chubb Studio, its global technology platform for embedded insurance distribution. Unveiled at the Singapore Fintech Festival, the optimisation engine is designed to help Chubb’s partners boost engagement, strengthen brand loyalty, and drive measurable growth by better aligning protection solutions with customer needs. Chubb ... Read the full article
Aon launches AI-enabled platform Claims Copilot
11th November 2025
Insurance and reinsurance broking firm Aon has launched Claims Copilot, an artificial intelligence-enabled single, integrated platform to enhance client outcomes, bringing together expert advocacy and advanced technology. Aon Claims Copilot reflects the broker’s commitment to delivering excellent claims services to clients, as the new platform supports every stage of the claim’s ... Read the full article
Willis launches Asian Data Centre Practice led by Lay See Ong
10th November 2025
Willis, a business of insurance and reinsurance broker WTW, has established a dedicated Data Centre Industry Practice for Asia, with Lay See Ong appointed to lead the new unit as Practice Leader in Asia, based in Singapore. This new role is in addition to Lay See's existing position as a Strategic ... Read the full article
Testudo appoints Peter Wedge as General Counsel
10th November 2025
Testudo, a technology and data company underwriting artificial intelligence (AI) risks, has announced the appointment of Peter Wedge as General Counsel. Launched in 2024, Testudo underwrites AI risks using active litigation monitoring and real-time data. Its AI Risk Engine ingests, tags, and models data to power best-in-class risk management and underwriting ... Read the full article
“Speed drives growth” as Gen AI accelerates underwriting: AIG CEO
7th November 2025
Peter Zaffino, Chairman and CEO of global insurer AIG, said the company is accelerating its deployment of generative artificial intelligence (Gen AI) to digest data more effectively and access a broader range of data points, helping underwriters make better-informed decisions, emphasising that speed drives growth. During American International Group, Inc. (AIG) ... Read the full article
AI adoption drives productivity growth and opens business opportunities: Hiscox CFO Cooper
7th November 2025
Specialist insurer Hiscox’s multi-year collaboration with Google is serving as a central growth driver for the deployment of artificial intelligence (AI) and machine learning across its business, according to comments by the company’s CFO, Paul Cooper. Speaking about the firm’s AI adoption, Cooper highlighted that the partnership is delivering transformative results, ... Read the full article
The Fidelis Partnership launches Construction Consortium for AI data centres
6th November 2025
The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has announced the launch of a new consortium targeting risks associated with the construction of artificial intelligence (AI) data centres. With estimates suggesting that the AI data centre market could rapidly represent billions in new premium a year, the consortium aims ... Read the full article
Hyperscalers a level of opportunity we haven’t seen before: Aon CEO Greg Case
31st October 2025
The rapid advancement of data centre construction from the world's hyperscalers is a "monumental" opportunity for re/insurance broking group Aon and the wider risk transfer industry. And while it's still early days, President and Chief Executive Officer (CEO), Greg Case, said today that demand in this area could produce more ... Read the full article
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