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.
Zurich to revolutionise insurance business model with newly launched AI Lab
29th October 2025
Zurich Insurance Group, in collaboration with the University of St. Gallen, is reimagining the future of insurance with its newly launched artificial intelligence (AI) Lab, Zurich AI Lab, aimed to accelerate industry transformation. Led by Group CEO Mario Greco, this ambitious move “signals a new era” in the delivery and customer ... Read the full article
McGill & Partners works with Google Earth AI for faster disaster response
24th October 2025
Insurance and reinsurance broker McGill & Partners is leveraging Google's cutting-edge AI and massive Earth observation data capabilities to enhance how they understand, model, and price global risks, particularly those related to climate and natural catastrophes. The broker is collaborating with Bellwether, a group of geospatial experts from X, Alphabet’s Moonshot ... Read the full article
Bridging the gap between re/insurers’ actuarial models & underwriting operations: Katz, Optalitix
22nd October 2025
In an interview with Reinsurance News, Dani Katz, Co-founder and Director of software provider Optalitix, said reinsurers are at a pivotal point — with abundant capital, complex risks, and an urgent need for faster, data-driven pricing — noting that he sees the greatest opportunity in helping carriers bridge the gap ... Read the full article
Sollers Consulting report reveals major gaps in AI preparedness across the insurance industry
20th October 2025
A new report from Sollers Consulting, a business and IT consultancy specialising in digital transformation for insurers and financial institutions, reveals that artificial intelligence (AI) has firmly established itself in the insurance industry, particularly in claims processing. However, the study also finds significant variation between companies in their ability to implement ... Read the full article
Re/insurance industry must capitalise on huge data centre opportunity: Turk, Lloyd’s
17th October 2025
Data centres offer re/insurers a massive opportunity due to their scale, but they also carry significant risks, and if the industry cannot quickly provide solutions that meet the needs of technology giants, these risks could move into captives, said Rachel Turk, Chief Underwriting Officer at Lloyd’s, the specialist insurance and ... Read the full article
AI-native insurer MGT closes $21.6m Series B funding round
17th October 2025
MGT, a vertically AI-native neo-insurer, has closed an oversubscribed $21.6 million Series B funding round led by new investor Mubadala Capital, with participation from Clocktower Ventures, Tacora Capital, and existing backers. The company said the new capital will support its mission to modernise commercial property and casualty (P&C) insurance and deliver ... Read the full article
CLARA Analytics unveils new offering service that transforms data into AI-ready assets
16th October 2025
CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimisation, has launched CLARA Data Engineering as a Service (DEaaS), a new offering that transforms fragmented, siloed data into clean, AI-ready intelligence. By providing a solid data foundation, CLARA is paving the way for its next major platform advancement, ... Read the full article
Crystal Venture Partners closes $33m Fund I
9th October 2025
Crystal Venture Partners has closed $33 million Fund I, aimed to back early-stage companies modernising insurance, risk, and other complex systems through artificial intelligence (AI) and sector-specific innovation. Founded by solo GP Jonathan Crystal, Crystal Venture Partners specialises in ‘complex, highly regulated markets’, where new technology, like AI, is poised to ... Read the full article
Applied Systems unveils AI advancements aimed at revolutionising agency workflows
8th October 2025
Applied Systems has announced the next wave of innovation within its Applied Insurance AI™, which includes insurance-specific AI solutions designed to embed intelligence into agency workflows to drive productivity and profitability. Applied Insurance AI delivers connected, intelligent workflows across the entire Digital Roundtrip of Insurance, from sales and marketing to policy ... Read the full article
FurtherAI secures $25m Series A to transform insurance workflows with AI
8th October 2025
FurtherAI, an artificial intelligence (AI) startup for insurance, has announced that it has raised $25 million in a Series A funding round led by Andreessen Horowitz, aimed at automating insurance workflows with AI. This funding round follows the $5 million secured in the firm's seed round, which also included Nexus ... Read the full article
Davies launches new agentic AI features to its ClaimPilot product suite
7th October 2025
Davies, a specialist professional services and technology firm serving the insurance market, has unveiled new agentic artificial intelligence (AI) features to its ClaimPilot product suite designed to transform the claims process. The firm has developed and is deployed two new AI-agents that will assist casualty claims handlers and adjusters, freeing up ... Read the full article
9 in 10 businesses interested in insurance for Gen-AI-related risks: GA
2nd October 2025
Over 90% of businesses worldwide have expressed interest in insurance coverage for Generative AI (Gen AI) risks, with two-thirds willing to pay at least 10% higher premiums for such coverage, according to a new report by the Geneva Association. The Geneva Association surveyed 600 corporate insurance decision-makers across China, France, Germany, ... Read the full article
UK Space Agency funds Howden to develop advanced biodiversity risk monitoring solution
30th September 2025
Howden, the global insurance and reinsurance broking group, has secured funding under the UK Space Agency’s ‘Unlocking Space for Business Grant Call 2’ to develop an advanced biodiversity risk monitoring solution powered by satellite data and artificial intelligence (AI). The project was conducted in the Howden Resilience Laboratory, Howden’s digital innovation ... Read the full article
Swiss Re appoints Beat Kramer as Group AI Lead
29th September 2025
Global reinsurer Swiss Re has appointed Beat Kramer as Group AI Lead. In this new role, Kramer will lead the company’s AI journey by combining its Group-wide human expertise with its state-of-the-art data and technology foundation. He has spent the past 20 years at Swiss Re in various senior positions, including Head ... Read the full article
Genpact’s new AI-powered suite to help automate repetitive tasks for insurers
29th September 2025
Genpact, an agentic and advanced technology solutions company, has announced the launch of the Genpact Insurance Policy Suite for commercial and specialty business insurance, a new solution created to reinvent insurance buying. Part of Genpact's Service-as-Agentic-Solutions™ portfolio, it offers autonomous, AI-powered workflows to help insurers remove repetitive administrative tasks, shorten cycle ... Read the full article
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