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-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
Beazley Security report highlights sharp increase in exploited vulnerabilities and AI-driven cyber attacks in Q1
13th May 2026
Beazley Security, the cyber security services arm of specialist insurer Beazley, has released its Quarterly Threat Report for Q1 2026, detailing a significant rise in exploited vulnerabilities as cyber criminals increasingly use AI-powered methods to accelerate attacks and target software supply chains. The report found that exploited vulnerabilities increased by 43% ... Read the full article
HDI Global partners with mea Platform to expand AI-driven input management across underwriting and claims
13th May 2026
HDI Global, the corporate and specialty insurance division of Germany-based Talanx Group, has entered into a strategic partnership with mea Platform, an insurance-focused artificial intelligence technology provider, to strengthen AI-driven input management across its worldwide underwriting and claims functions. Under the agreement, HDI Global will use mea Platform’s technology to create ... Read the full article
AM Best survey finds rapid AI uptake in insurance sector despite structural barriers
12th May 2026
AM Best, a global credit rating agency specialising in the insurance sector, has surveyed carriers and managing general agents (MGAs) to evaluate the growing influence of artificial intelligence (AI) across the industry. The results indicate that almost 60% of respondents anticipate AI will materially reshape their business models within the next ... Read the full article
Aon updates Climate Risk Monitor 3.0 to assess heat stress and rising cooling demand
12th May 2026
Aon, a global professional services firm focused on risk and insurance-related advisory, has released an updated version of its Climate Risk Monitor platform, enhancing its ability to quantify physical climate risks and support decision-making across industries. The latest release, CRM 3.0, introduces Heat Stress analytics that assess how combinations of temperature, ... Read the full article
Willis report warns Middle East tensions and AI infrastructure growth are reshaping insurance risks
8th May 2026
Willis, the risk advisory and insurance broking division of WTW, has published its latest Insurance Marketplace Realities report, examining how geopolitical tensions and the continued expansion of digital infrastructure are influencing the global insurance sector. In the report, Willis said political risk is becoming a broader concern across international markets, with ... Read the full article
InsurTech enters higher funding phase as AI dominates, says Gallagher Re’s Andrew Johnston
7th May 2026
In a recent interview with Reinsurance News, Andrew Johnston, author of the InsurTech Quarterly report series and Global Head of InsurTech at reinsurance broker Gallagher Re, discussed how investment trends, artificial intelligence, and emerging liability risks are reshaping the insurance and reinsurance market. To start, Johnston highlighted a clear shift ... Read the full article
AI ‘trailblazers’ see 21% higher revenue growth while broader insurance industry lags: Capgemini
7th May 2026
The property and casualty (P&C) insurance sector has reached a “moment of truth" regarding artificial intelligence (AI), marked by a widening competitive divide between a small group of “intelligence trailblazers” and the rest of the industry, a recent Capgemini report states. According to the World Property & Casualty Insurance Report 2026, ... Read the full article
ACORD launches advisory council to align data standards across North American P&C sector
7th May 2026
ACORD, the global standards-setting organisation for the insurance sector, has announced the creation of the ACORD Inter-Association Advisory Council (IAAC). The organisation describes the council as a coalition of major North American property and casualty associations representing independent agents, brokers and intermediaries across the distribution chain. ACORD stated that the initiative is ... Read the full article
RIQ appoints Antoine Bdadouni as CUO
7th May 2026
RIQ, an AI-native reinsurance platform and subsidiary of International Holding Company (IHC), has appointed Antoine Bdadouni as Chief Underwriting Officer (CUO). Launched in June 2025 by global investment company IHC in partnership with BlackRock and Lunate, RIQ is based in Abu Dhabi Global Market (ADGM). The platform provides reinsurance solutions across ... Read the full article
MS Amlin launches property treaty consortium, expanding line size to $67.5m
7th May 2026
Lloyd’s global specialist re/insurer MS Amlin has launched a consortium to expand property treaty capacity for all property Per Risk lines. The Property Treaty Per Risk (PPR) Consortium expands the re/insurer's maximum line size from $50 million to $67.5 million, providing a 35% uplift in capacity for placements while maintaining a ... Read the full article
Global InsurTech funding holds firm as AI dominates Q1’26 investment: Gallagher Re
7th May 2026
Gallagher Re, a global reinsurance brokerage and analytics firm, reports that worldwide InsurTech funding continued at a relatively high level in the first quarter of 2026, as outlined in its latest Global InsurTech Report. The firm recorded total investment of USD 1.63 billion for the quarter. While marginally below the USD ... Read the full article
BMS Group adopts mea Platform’s AI products for advance placement efficiency
6th May 2026
BMS Group, an independent insurance and reinsurance broker, has adopted mea Platform's broking operations products, which are a part of its operational suite, to enhance placement efficiency and drive digital transformation. mea Platform is an AI product company serving the re/insurance sector. The broker states that this move is driven by ... Read the full article
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