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.
AI risk becoming a governance, liability and insurability challenge: Willis
28th May 2026
The growing integration of artificial intelligence (AI) is introducing new challenges around accountability, liability and insurability, with the rate of adoption outpacing existing AI governance frameworks, according to Willis’ latest Risk & Resilience Review. Willis noted that AI is embedded across workflows, from reading claims files and shaping underwriting judgement to ... Read the full article
Pace raises $46m to help customers scale agentic workforce
27th May 2026
Pace, the AI operations partner for the world’s largest insurers, has raised $46 million Series B, co-led by Thrive Capital and Sequoia Capital, with participation from Emergence Capital and Pruven Capital. According to the announcement, Pace will use this capital to help its customers scale their agentic workforce to tens of ... Read the full article
OAK Global launches ROOT Intelligence to drive technology innovation
27th May 2026
OAK Global, a global risk partner underwriting through two dedicated syndicates within Lloyd's, has announced the launch of ROOT Intelligence, a new technology company created to drive innovation. ROOT Intelligence combines specialist engineering, compliance, data science and AI expertise to build and scale proprietary tools that enhance technology-enabled risk insights. The ... Read the full article
Addresscloud adds Skyblu’s high-resolution European wildfire model
27th May 2026
Addresscloud, a UK geocoding and property intelligence expert, has adopted the high-resolution, pan-European wildfire risk model developed by Skyblu, an AI solutions provider. Skyblu’s high-resolution new model delivers 20-metre resolution risk scoring across Europe, offering significantly greater granularity than traditional datasets. This move comes as insurers prepare for another summer of elevated ... Read the full article
More than half of planned US data centres at high risk of severe convective storms: MS Amlin
26th May 2026
According to recent analysis from specialty Lloyd’s insurer MS Amlin, just over half (51%) of planned US data centre projects worth $670 billion are located in states at high risk of severe convective storms (SCS). MS Amlin’s analysis examined more than 670 data centre projects under construction or in planning across ... Read the full article
Markel International to modernise underwriting environment with hyperexponential partnership
22nd May 2026
Markel International, a division of Markel Insurance, the insurance operations within Markel Group Inc., has partnered with hyperexponential (hx) to modernise rating, underwriting workflows and integration architecture across its Canadian business. By integrating hx’s platform, Markel is investing heavily in a sophisticated, AI-native underwriting environment. At the same time, it secures hx’s ... Read the full article
Zurich Insurance scales Cytora AI platform across global underwriting operations
19th May 2026
Zurich Insurance, a multinational insurance provider offering commercial and retail cover, has completed a 90-day rollout of Cytora’s agentic AI-enabled risk digitisation platform across five countries. Cytora, an insurtech firm focused on AI-based risk processing, is now set to be expanded by Zurich Insurance into more than 20 markets over the ... Read the full article
FurtherAI names Tom Bradley to lead UK and EU operations
19th May 2026
FurtherAI, an artificial intelligence (AI) startup for insurance, has appointed Tom Bradley to lead its operations in the United Kingdom (UK) and the European Union (EU). The move marks a significant step in the firm's international expansion. FurtherAI already works with partners in the UK, and the appointment will enable it ... Read the full article
Lloyd’s warns AI is amplifying evolving cyber risk vectors and uncertainty in coverage exposure
18th May 2026
In Lloyd’s Q2 Market Message, Rachel Turk, Chief of Performance & Strategy, warned that cyber risk vectors continue to evolve, with artificial intelligence adding a further layer of complexity and uncertainty, both through its use by threat actors and in raising emerging questions around potential coverage. Lloyd's has classified the cyber ... Read the full article
LexisNexis Risk Solutions introduces AI-powered Location Intelligence tool for US home insurers
18th May 2026
LexisNexis Risk Solutions, a data and analytics provider focused on insurance, financial services and public sector markets, has launched LexisNexis Location Intelligence for Home, a predictive analytics solution aimed at helping US home insurers assess property risk with greater precision. The company said the tool uses artificial intelligence and neural network ... Read the full article
Sixfold expands distribution of AI underwriting platform through Microsoft marketplace
15th May 2026
Sixfold, a technology company specialising in AI-driven underwriting solutions for the insurance industry, has announced that its platform is now available through Microsoft Marketplace, Microsoft’s online platform for cloud-based applications, AI tools and enterprise services. Sixfold said the integration is designed to make it easier for insurers to access, purchase and ... Read the full article
Accelerant CEO hails AI as ‘meaningful execution enabler’ amid productivity gains
14th May 2026
Speaking during Accelerant’s Q1 2026 earnings call, Co-Founder and Chief Executive Officer Jeff Radke highlighted the productivity gains the firm is achieving through its use of artificial intelligence, including the development of in-house solutions designed to reduce, and potentially eliminate, its reliance on costly third-party software systems. Having previously emphasised that ... Read the full article
AI-powered wholesale broker Novella raises $21m for US expansion
14th May 2026
Novella, an artificial intelligence (AI)-powered wholesale insurance broker, has raised $21 million in capital to expand its presence, hire brokers, and develop its proprietary AI platform. The funding raise was led by Brewer Lane Ventures, and included Box Group; Crystal Venture Partners; SV Angel; Avid Ventures; Verissimo Ventures; Blank Ventures; and ... Read the full article
Insurance CEOs stress AI should not erode personalisation & face-to-face interaction: Sollers report
14th May 2026
Insurance leaders emphasised that artificial intelligence (AI) is fundamentally changing how insurers interact with people, stressing that the technology should enhance, rather than erode, empathy, personalisation, and face-to-face interaction, according to a recent report by Sollers Consulting. The report is based on insights from 11 CEOs of leading insurance companies worldwide. ... Read the full article
Economic uncertainty dominates while capital positioning remains strong: Moody’s
14th May 2026
Moody’s Ratings, a credit ratings and risk analysis agency, has published findings from its annual survey of chief financial officers across 27 leading European re/insurers. Moody’s reports that the European insurance sector in 2026 is primarily focused on macroeconomic uncertainty, with competitive pressures and geopolitical risk also ranking highly. Despite this cautious ... Read the full article
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