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.
Insurance data standards key to unlocking AI’s potential: ACORD
19th August 2025
In the re/insurance industry, data standards that ensure structured, high-quality, and interoperable information are vital for artificial intelligence (AI) models to function effectively, according to Somesh Mukherjee, VP, Solutions Architecture at ACORD Solutions Group. Mukherjee noted that as AI becomes central to the industry’s evolution, one fact is clear: AI is ... Read the full article
Property reinsurers must commit to AI investment to drive future growth: Gallagher Re
7th August 2025
Gallagher Re’s recent Global InsurTech Report highlights AI’s potential to make property re/insurance more data-driven, responsive, and profitable, but achieving this requires reinsurers to commit to investing in AI, including building robust data infrastructure capable of handling vast and varied datasets. Within the report, Freddie Scarratt, Global Deputy Head of InsurTech ... Read the full article
Shadow AI emerging as a major cyber threat, warns Consilium
7th August 2025
Shadow AI is emerging as a significant threat to businesses, responsible for 20% of data breaches and adding an average of $670,000 to breach costs for organisations with high levels of shadow AI, according to Consilium in the 2025 IBM Cost of a Data Breach Report. Shadow AI refers to the ... Read the full article
hx unveils Portfolio Intelligence, as it aims to become the key pricing & underwriting platform for C&S: Jamie Wilson
5th August 2025
Off the brink of hyperexponential (hx) announcing the launch of a new core product offering, Platform Intelligence, Reinsurance News spoke with Jamie Wilson, Vice President of Growth at hx, about the company’s new product and what key benefits it's set to bring towards the insurance and reinsurance sector. Portfolio Intelligence, which ... Read the full article
Aon calls for national AI policy to ensure insurability: Kevin Kalinich
4th August 2025
Aon has called for a coordinated, whole-of-government approach to regulating artificial intelligence amid a rapidly evolving risk landscape, urging the establishment of a national policy framework to ensure insurability and effective risk management while promoting innovation. These insights were shared during a testimony delivered on July 30th, 2025, before a government ... Read the full article
MAPFRE examines how AI will transform the insurance industry by 2035
4th August 2025
In a recent study, MAPFRE explores the future role of insurance in a world shaped by artificial intelligence (AI) by 2035, provisioning four plausible future scenarios to understand how these technology advances could affect people’s daily interactions and the key trends insurers must prepare for. In the study "The Future of ... Read the full article
Artificial Intelligence Underwriting Company launches with $15m seed round
23rd July 2025
The Artificial Intelligence Underwriting Company (AIUC), a new firm that combines audits, standards, and insurance to enable enterprises to confidently adopt AI to unlock progress, has announced its launch following a successful $15 million seed funding round. According to AIUC, the company has launched with the largest seed round in insurance ... Read the full article
AI offers huge potential to insurers, but also brings new risks: Morningstar DBRS
22nd July 2025
While artificial intelligence (AI) investments offer significant growth and profitability potential for insurance companies, they also bring new risks that, if not managed properly, could cause significant financial and have a negative impact on credit ratings, according to Morningstar DBRS analysts. Insurers have long used machine learning, natural language processing and ... Read the full article
AXA, WMG, and universities of Edinburgh, Warwick & Oxford partner on insurance for AI risks
22nd July 2025
A new £2 million academic-industry partnership, led by the University of Edinburgh, alongside insurance group AXA, WMG, the University of Warwick and the University of Oxford, will establish the groundwork for developing insurance for artificial intelligence (AI) for the future. The partnership, dubbed as The UKRI Prosperity Partnership ‘AI2: Assurance and ... Read the full article
Guy Carpenter’s analytics platform “differentiates us in our clients’ eyes”, says CEO Dean Klisura
17th July 2025
The President and Chief Executive Officer (CEO) of reinsurance broker Guy Carpenter, Dean Klisura, has described the company's analytics platform as one of the most significant things it does for its clients as it looks to bring value beyond the reinsurance transaction. Speaking recently during Marsh McLennan's (MMC) Q2 2025 ... Read the full article
hx unveils suite of new capabilities, equipping reinsurers with complex data sets: Tom Clark, Field CTO
15th July 2025
During the hx Live 2025 event, Reinsurance News spoke with Tom Clark, Field CTO at hyperexponential (hx), who highlighted upcoming products and advancements, including Kernel—a major upgrade to hx Renew that equips reinsurers with more data, enabling more complex decision-making. Announced at the event, Kernel is a ground-up replacement of the ... Read the full article
Insurance Europe backs EU goals to strengthen digital infrastructure & AI adoption
8th July 2025
Insurance Europe has backed the EU’s ambition to strengthen digital infrastructure and AI adoption but stresses that the success of the Cloud and AI Development Act depends on taking an open, investment-led approach and avoiding restrictions on access to trusted global technology providers. The organisation responded to a European Commission consultation ... Read the full article
Earnix unveils new PolicyCenter v10 Accelerator on Guidewire Marketplace
2nd July 2025
Earnix, a Dynamic-AI platform for insurance, has announced that its new PolicyCenter v10 accelerator is now available to Guidewire PolicyCenter version 10 users via the Guidewire Marketplace, helping insurers respond quickly to market changes and improve profitability. Earnix’s new PolicyCenter version 10 integration offers a fully integrated intelligent pricing and rating ... Read the full article
P&C insurers to deploy AI-powered multimodal technologies to combat fraud: Deloitte
27th June 2025
By implementing AI-driven technologies across the claims life cycle and integrating real-time analysis from multiple modalities, property and casualty (P&C) insurers could reduce fraudulent claims and save between $80 billion and $160 billion by 2032, according to Deloitte’s FSI Predictions 2025 report. After tax evasion, insurance fraud remains the second-most costly ... Read the full article
Global executives overestimate their cyber resilience: Beazley
26th June 2025
While more global executives cite cyber risk as their greatest threat this year compared to 2024, 83% say they feel prepared to counter it—up from 74% last year—potentially indicating a false sense of security, as many organisations still lack the sustained vigilance needed for true resilience, according to Beazley’s latest ... Read the full article
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