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.
Autonomous sees slower commercial pricing, mixed growth signals for US P&C insurers
6th July 2026
Autonomous, an independent investment research firm, expects the second-quarter 2026 earnings season for US property and casualty (P&C) insurers to centre on slowing commercial insurance pricing, the balance between profitability and growth in personal lines, and the ability of insurance brokers to maintain organic growth in a softer market environment. The ... Read the full article
Competitive pressures and AI driving insurers to step up automation in underwriting: Sollers
3rd July 2026
Driven by intensifying competitive pressures, a softening market and rapid advances in artificial intelligence, four in 10 insurers are now using AI in underwriting, a move that marks a pivotal phase in their digitalisation, according to new research by Sollers Consulting. The automation of underwriting is rapidly becoming a strategic priority ... Read the full article
Reinsurers expanded options, embraced flexible structures at US property mid-year renewals: Aon
3rd July 2026
Global professional services firm Aon says reinsurers were increasingly willing to offer more flexible structures and broader coverage options during the US property mid-year 2026 renewals, allowing insurers to enhance protection and make greater use of tailored reinsurance solutions as market conditions remained favourable for buyers. In its Reinsurance Market Dynamics ... Read the full article
Insurance sector leads in AI readiness improvements: Accenture
2nd July 2026
Insurance companies recorded the fastest gains in AI readiness compared with other industries globally, reflecting significant progress in transforming processes and modernising data foundations, according to Accenture’s AI Progress Barometer. Accenture, a global professional services company, has released findings from its inaugural AI Progress Barometer, which tracks how AI readiness among ... Read the full article
Cyber risk is having a greater financial and operational impact on businesses: Aon
30th June 2026
Insurance and reinsurance broker Aon believes that although cyber security investment has increased rapidly in recent years, cyber insurance still represents only a small proportion of overall cyber spending. The company argues that as cyber incidents generate greater operational and financial losses, many organisations continue to retain significant cyber-related financial exposure ... Read the full article
Mayflower and Hadron launch US dedicated affirmative AI liability program
29th June 2026
Mayflower Specialty, Ltd., a New York-based managing general agent, and Hadron, a multinational specialty carrier, have launched the first dedicated affirmative artificial intelligence liability program in the United States. Underwritten by Mayflower and issued through Hadron, these policies provide explicit coverage across the full management-liability triad: errors and omissions (E&O), employment ... Read the full article
AI’s most immediate value is helping underwriters see portfolios more clearly, says Mandarin Re’s Grishin
29th June 2026
Mikhail Grishin, Chief Operating Officer at Malaysia-based reinsurance company Mandarin Re, suggests one of the biggest values of artificial intelligence (AI) in reinsurance is its ability to provide greater clarity over underwriting portfolios, enabling firms to identify where underwriting time is best spent and improve the speed and quality of ... Read the full article
CFC introducing affirmative AI coverage
26th June 2026
Responding to customer demand, specialist insurance provider CFC has launched a programme of updates to embed affirmative artificial intelligence (AI) coverage within its portfolio. By implementing explicit AI-related language across seven key policies, this rollout provides clients with certainty on the handling of AI related risks, moving away from reliance on ... Read the full article
hyperexponential supports Allianz Commercial’s global pricing and underwriting modernisation
25th June 2026
hyperexponential (hx), a technology provider specialising in AI-native pricing and underwriting solutions for commercial insurers, has extended its partnership with Allianz Commercial as part of the insurer’s ongoing multi-year pricing and underwriting modernisation programme. According to hyperexponential, its platform has now been implemented across Allianz Commercial’s key lines of business, with ... Read the full article
Reliance Global strengthens leadership team to advance AI insurance initiatives
24th June 2026
Reliance Global Group, Inc., a US insurtech company focused on acquiring and supporting independent insurance agencies through a technology-based platform, has announced several senior appointments as it pursues plans involving artificial intelligence across its insurance operations and product development activities. The company has appointed Judah Korman as Chief Operating Officer, Zack ... Read the full article
Majesco points to accelerating AI adoption reshaping insurance operating models
24th June 2026
Majesco, a provider of AI-native and cloud-native software solutions for the insurance industry, has released a new thought leadership report examining insurers' strategic priorities for 2026. Titled Strategic Priorities 2026: The Frontier Insurer in the Intelligent Era of Insurance, the report is based on Majesco's primary research into how insurers are ... Read the full article
BMS establishes Global Capability Centre in Mumbai led by Nipun Mapara
23rd June 2026
BMS Group, an independent global insurance and reinsurance broker, has established a Global Capability Centre (GCC) in Mumbai, led by Nipun Mapara as Managing Director (MD), with Sanjeev Poojari appointed as Head of Operations. The new centre marks a significant step in the broker’s long-term strategy to build data, analytics, and ... Read the full article
Earnix launches AI orchestration system to improve insurers’ decision-making
22nd June 2026
Earnix, a Dynamic-AI platform for insurance, has announced the launch of AIOS, the AI Orchestration System for Insurance, bringing intelligence, agents, models, workflows, governance, and human oversight into a single decisioning engine designed to improve insurer performance. AIOS extends Earnix’s intelligent decisioning capabilities across the insurance lifecycle, enabling insurers to apply ... Read the full article
Lloyds Bank survey finds insurers prioritising liquidity strength as financial sector confidence rises
18th June 2026
Lloyds Bank, a leading UK financial services provider serving businesses, institutions and retail customers, has released the results of its 10th annual Financial Institutions Sentiment Survey. The research captures the views of more than 100 senior leaders from across the UK's banking, insurance, private equity, asset management and wealth management sectors. The ... Read the full article
AI set to influence home and motor insurance renewals as consumers turn to digital agents, Accenture finds
17th June 2026
Accenture, a global professional services company, reports that artificial intelligence is becoming a significant factor in how consumers choose and renew home and motor insurance, with more than 70% of people expected to be influenced by AI in their insurance decisions within the next 12 months, according to its latest ... Read the full article
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