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.
Xceedance calls for data-led innovation in reinsurance
9th September 2025
In a recent interview with Reinsurance News, Isabelle Clausner, Vice President and Client Executive, and Gavin Lillywhite, SVP Operating Leader UKI & Europe at Xceedance, shared their perspectives on some of the most pressing issues facing the insurance and reinsurance sectors. The two executives discussed the need for greater product development, ... Read the full article
AI to serve as catalyst for frictionless re/insurance industry: PwC’s Cook
9th September 2025
Speaking at the 2025 Rendez-Vous de Septembre (RVS) in Monte Carlo, Michael Cook, Partner at PwC, emphasised that artificial intelligence (AI) will serve as a catalyst to remove friction from workflows in the re/insurance industry, which has the potential to improve the average expense ratio and drive genuine business transformation. During ... Read the full article
Re/insurance remains a stabilising force amid major global disruption: Swiss Re
8th September 2025
Re/insurance remains a stabilising force in the face of major global disruptions, absorbing shocks and supporting economic recovery, according to industry giant Swiss Re. As the global re/insurance industry meets for the 2025 Rendez-Vous de Septembre in Monte Carlo, Swiss Re believes rising natural catastrophe, geopolitical uncertainty, and adoption of Artificial ... Read the full article
SCOR sees more opportunities than risks from AI: CEO Thierry Léger
7th September 2025
During the 2025 Rendez-Vous de Septembre (RVS) in Monte Carlo, Thierry Léger, Group CEO of SCOR, stated that the company clearly sees more opportunities than risks from artificial intelligence (AI), noting that it provides a real opportunity to supercharge its business model. Léger emphasised that AI is going to create opportunities ... Read the full article
The value of underwriting will increase, says Swiss Re’s Haegeli & Lot
7th September 2025
During the launch of Swiss Re’s latest sigma report on the first day of RVS 2025 Monte Carlo, Jérôme Haegeli, Group Chief Economist & Head Swiss Re Institute, emphasised that the value of underwriting is increasing, with the role of an underwriter evolving dramatically, powered by Artificial Intelligence (AI). Haegeli said ... Read the full article
Concirrus becomes first insurtech to achieve triple certification for AI trust & security
22nd August 2025
Concirrus, provider of AI-centric insurance solutions, has become the first insurtech company worldwide to secure three major internationally recognised certifications: ISO/IEC 42001 (AI Governance), ISO/IEC 27001 (Information Security Management), and SOC 2 compliance. This achievement reportedly establishes a new global benchmark for trust, transparency, and governance in the use of AI ... Read the full article
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
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