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.
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
KYND warns insurers of growing hidden AI accumulation risk
23rd July 2026
KYND, a cyber risk intelligence provider that helps businesses and insurers understand and manage cyber exposure, has warned that insurers may be accumulating hidden AI-related risks across their portfolios as organisations introduce artificial intelligence tools without always disclosing their use. In its latest white paper, The Wild West of AI Risk, ... Read the full article
W. R. Berkley sees 20%+ underwriting efficiency gains from AI: CEO
22nd July 2026
Rob Berkley, CEO of W. R. Berkley Corporation, said the firm is seeing efficiency gains of more than 20% from artificial intelligence in underwriting, with efforts largely focused on underwriting workbenches and digitising processes from intake through to quote. Speaking during W. R. Berkley Corporation’s Q2 2026 earnings call, Berkley ... Read the full article
AXA accelerates Microsoft 365 Copilot rollout to employees worldwide as part of AI strategy
21st July 2026
AXA, the France-headquartered multinational insurance and asset management group, has announced plans to introduce Microsoft 365 Copilot to employees worldwide, describing the move as the latest stage of its workplace AI strategy and a significant development in its wider programme to deploy artificial intelligence across the organisation. The company said the ... Read the full article
Aon increases Data Center Lifecycle Insurance Program capacity to $5bn
20th July 2026
Aon plc, a global professional services company that provides risk, health and wealth solutions, has expanded its proprietary Data Center Lifecycle Insurance Program (DCLP). The company said the latest development increases the programme's insurance capacity to $5 billion while extending the range of risk and advisory services available to support digital ... Read the full article
Marsh survey finds insurers remain keen on private credit despite growing caution over risks
17th July 2026
Marsh, a global professional services company that provides risk, reinsurance, capital, people, investments and management consulting services, has released the results of its 2026 Global Insurance Investments Survey, which suggests insurers continue to favour private credit despite taking a more measured approach to new investments. Marsh's research found that private credit ... Read the full article
Oxbow Partners urges re/insurance CEOs to move AI beyond experimentation
17th July 2026
A new Oxbow Partners report has suggested that CEOs in the commercial and specialty re/insurance sector must move beyond experimentation and develop the operating models, governance structures and decision-making capabilities needed to turn AI investment into a competitive advantage. Oxbow Partners’ new CEO Agenda report, authored by Partner Chris Sandilands and ... Read the full article
VIPR’s Paul Templar and Tony Russell: Delegated authority is now core to reinsurance distribution
17th July 2026
In a recent Reinsurance News interview, Paul Templar, CEO of VIPR Solutions, and Tony Russell, Chief Revenue Officer, discussed the rapid expansion of the delegated authority market, Bermuda's growing importance as a delegated underwriting hub, and the technology and data challenges facing the risk transfer industry. VIPR Solutions is a provider ... Read the full article
Reinsurance operations must evolve to remove constraining inefficiencies: INTX CEO Lewis
16th July 2026
Rob Lewis, CEO of INTX Insurance Software, said reinsurance operations remain constrained by fragmented architecture and manual workflows, arguing that platforms must unify data, workflows and intelligence across the economics of risk to address significant inefficiencies. INTX is a unified insurance platform that helps carriers modernise operations, connect data, and accelerate ... Read the full article
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