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.
Resilience analysis shows AI is strengthening existing cyber attack methods
3rd August 2026
Resilience, a cyber risk solutions company helping organisations identify, manage and reduce cyber threats, has released new analysis indicating that artificial intelligence is currently being used primarily to enhance established attack techniques rather than enable widespread new categories of autonomous cyber attacks. The findings, published in Resilience’s 2026 Midyear Cyber Risk ... Read the full article
Marsh provides risk and insurance services for Meta’s Texas AI data centre project
31st July 2026
Marsh, the global insurance broker and risk advisory business, has provided Meta with project risk analysis and insurance services for a new data centre development in Texas, supporting the technology company’s continued expansion of its AI infrastructure. The work relates to Meta’s planned data centre campus in El Paso, Texas, which ... Read the full article
Markel Insurance expands AI strategy with Bain partnership, launching Cortex unit
30th July 2026
During Markel's Q2 2026 earnings call, Simon Wilson, Chief Executive Officer of Markel Insurance, said artificial intelligence (AI) is increasingly being deployed across the business, highlighting the launch of Cortex, a new business unit developed in partnership with Bain & Company to reimagine how hard-to-place U.S. casualty risks are underwritten ... Read the full article
Aon views generative AI as an accelerant for long-term strategy: CEO Case
30th July 2026
Greg Case, Chief Executive Officer (CEO) of global professional services firm Aon, said the company does not see artificial intelligence (AI) as a standalone strategy, but rather as an accelerant of what it has already been working on for many years. Speaking during Aon's Q2 2026 earnings call, Case explained ... Read the full article
IAG partners with OpenAI to explore agent-based voice solutions
29th July 2026
Australian insurer IAG has partnered with OpenAI to explore agent-based voice solutions that help its employees in Australia deliver better service and support to customers. Powered by the newly launched agentic system, OpenAI Presence, IAG will initially explore opportunities to enhance claims delivery, focusing on supporting customer responses and scaling capabilities ... Read the full article
Cowbell introduces OMNI, an AI-native decision intelligence system for specialty insurance
28th July 2026
Cowbell, a provider of AI-native cyber and specialty insurance solutions for small and medium-sized enterprises (SMEs), has launched OMNI, an AI-native Decision Intelligence System designed to support the future development, underwriting, and delivery of specialty insurance products. The platform is built on Cowbell’s integrated AI-enabled technology platform and global risk pool ... Read the full article
AI creates new competitive dynamics across the insurance sector: McKinsey & Company
28th July 2026
In a recent analysis, McKinsey & Company, a management consulting firm, examines how artificial intelligence (AI) could influence the future direction of the global insurance sector, arguing that insurers, distributors and technology providers that prepare early may be better positioned as industry structures evolve. According to McKinsey & Company, the ... Read the full article
Aon launches AI Risk Diagnostic to help organisations manage AI risks
28th July 2026
Aon, a global insurance and reinsurance broker and risk advisor, has launched its AI Risk Diagnostic, an enterprise-level assessment designed to help organisations understand and manage AI-related risk. As AI becomes increasingly embedded across business operations, the diagnostic provides a structured view of AI governance, maturity and risk exposure to support ... Read the full article
Korean Re to accelerate AI transformation with MegazoneCloud partnership
28th July 2026
Korean Reinsurance Company, South Korea’s only domestic, professional reinsurer, has partnered with MegazoneCloud, an artificial intelligence (AI) and cloud company, to accelerate AI transformation (AX) across its reinsurance business. The two companies signed a strategic memorandum of understanding (MOU) on July 22 agreeing to combine their expertise in generative AI, big ... Read the full article
Willis urges data centre sector to rethink insurance buying amid AI demand growth
27th July 2026
As rapid expansion in digital infrastructure and AI-driven demand reshapes the technology landscape, insurance broker Willis, a WTW business, urges data center owners, developers, builders, operators and investors to rethink traditional insurance strategies. The firm warns that many organisations may currently be securing capacity beyond their actual exposure due to risks ... Read the full article
AI agents can help insurers preserve & harness critical institutional knowledge: ERGO & Google Cloud
24th July 2026
A recent report from ERGO, in collaboration with Google Cloud, explores how self-evolving AI agents could help insurers capture, preserve and scale undocumented institutional knowledge at risk of being lost, making it accessible across the organisation over the long term. The ERGO Innovation Lab has published a report in cooperation with ... Read the full article
Agentic autonomous AI attacks unlikely to play out well, warns CyberCube
24th July 2026
Following disclosures that OpenAI models broke out of an isolated test environment and breached internal systems at Hugging Face, CyberCube executives have warned that entering this new era of autonomous, agentic cyber threats is unlikely to end well. Providing background for the incident, William Altman, Director of Cyber Threat Intelligence Services, ... Read the full article
RenRe says AI requires careful deployment rather than acting as a ‘silver bullet’
24th July 2026
RenaissanceRe, the global reinsurance and insurance company, believes artificial intelligence can deliver significant benefits across its business, but President and CEO Kevin J. O'Donnell has cautioned that the technology is "not a silver bullet" and must be implemented carefully to achieve meaningful results. Speaking during RenaissanceRe's second-quarter 2026 earnings call, O'Donnell ... Read the full article
Brown & Brown selects Anthropic, McKinsey and Accenture to support AI transformation
23rd July 2026
Brown & Brown, Inc. has announced that it is establishing artificial intelligence (AI) as a foundational enterprise capability, selecting Anthropic, McKinsey & Company and Accenture as partners to help rewire the business and scale AI responsibly across the organisation. The initiative is designed to leverage AI responsibly, transform key business processes ... Read the full article
Chubb CEO says AI token costs are minor relative to efficiency gains
23rd July 2026
Evan Greenberg, Chairman and Chief Executive Officer (CEO) of global insurer Chubb, said the company’s AI token costs represent only a minor fraction of the efficiencies and improvements it gains. During Chubb Limited’s Q2 2026 earnings call, Greenberg was asked how the company can balance the rising costs of technology deployment ... Read the full article
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