Reinsurance News
GenAI
Insurers expected to introduce GenAI liability exclusions: Evercore ISI
8th December 2025
Evercore ISI expects more insurers to introduce policy language specifically excluding claims arising from generative AI (GenAI) to protect against silent coverage. In a recent report, Evercore ISI noted that the growing use of GenAI and large language models (LLMs) has insurance coverage implications, as users and others are increasingly seeking ... Read the full article
9 in 10 businesses interested in insurance for Gen-AI-related risks: GA
2nd October 2025
Over 90% of businesses worldwide have expressed interest in insurance coverage for Generative AI (Gen AI) risks, with two-thirds willing to pay at least 10% higher premiums for such coverage, according to a new report by the Geneva Association. The Geneva Association surveyed 600 corporate insurance decision-makers across China, France, Germany, ... Read the full article
GenAI can open doors for malicious cyber actors to exploit capabilities
27th November 2024
Generative AI (GenAI) presents many ways for organisations to revolutionise their respective industries by enhancing business functions, however, the technology may also open doors for malicious actors to exploit capabilities for cyber attacks, according to a new report from Guy Carpenter, the reinsurance broking arm of Marsh McLennan, and CyberCube, ... Read the full article
IQUW partners with mea to boost underwriting efficiency with AI-driven platform
12th November 2024
Property and specialty insurer and reinsurer IQUW has formed a strategic partnership with mea, an AI-powered processing platform for re/insurers, to enhance underwriting efficiency across its operations. This collaboration aims to improve IQUW’s productivity and service quality, aligning with its commitment to delivering smooth broker experiences. Currently active within IQUW’s Directors and ... Read the full article
BCG reveals 74% of companies face challenges in unlocking AI value
24th October 2024
Boston Consulting Group (BCG), a global management consulting firm, has released new research revealing that after years of investing in artificial intelligence (AI), CEOs are increasingly focused on achieving tangible returns from these technologies. However, realising AI's full potential remains challenging. The report indicates that only 26% of companies have developed ... Read the full article
Majesco launches AI ecosystem to enhance insurance solutions with key models
19th September 2024
Majesco, a provider of cloud-based insurance software, has introduced a new AI ecosystem powered by Majesco Copilot, enabling a seamless integration of various industry AI models into Majesco’s solution workflows, starting with a select group of partners. “This new AI ecosystem introduces a rapid approach to integrate via Majesco Copilot with some ... Read the full article
Swiss Re selects mea platform’s GenAI solution to enhance operations
17th September 2024
mea, a GenAI-powered global platform for insurers, has announced that Swiss Re has selected its platform to enhance its insurance and reinsurance operations, strengthening their existing partnership. This expanded partnership builds on their successful collaboration that began in July 2023, when Swiss Re first selected mea for its Corporate Solutions business. ... Read the full article
HDI Global integrates GenAI, enhancing international programmes and driving digital innovation
11th September 2024
HDI Global SE, an industrial insurer, is set to integrate generative artificial intelligence (GenAI) into its services within the International Programmes sector to enhance customer offerings. Following the successful trial of its in-house AI solution, HDI's specialists will be better equipped to meet the intricate demands of global business operations with ... Read the full article
Insurance industry lags in GenAI adoption, says BCG
16th August 2024
According to a recent report by Boston Consulting Group (BCG), the insurance industry is lagging behind other sectors in adopting generative AI (GenAI), with 40% of insurance companies showing minimal or no use of this technology. The report includes a GenAI maturity index to evaluate company adoption levels. Based on their ... Read the full article
CLARA Analytics targets insurance claims optimisation
16th August 2024
CLARA Analytics, a provider of artificial intelligence (AI) technology for insurers, has announced the launch of Claims Document Intelligence Pro, a new product designed to revolutionise insurance claims optimisation. The introduction of Claims DocIntel Pro (formerly CLARA Optics), represents ground-breaking advancements with its deeper contextual analysis of legal demands and medical ... Read the full article
Hiscox launches Google Cloud-backed GenAI underwriting model
12th August 2024
Global specialist insurer Hiscox has gone live with its Google Cloud-backed generative artificial intelligence (AI) underwriting model for sabotage and terrorism insurance quotes. Considered the London insurance market’s first underwriting model of its kind, the model was developed as a proof of concept in December 2023 in collaboration with Google ... Read the full article
Cowbell secures $60m Series C from Zurich for SMEs cybersecurity boost
26th July 2024
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced the closure of a $60 million Series C equity round, funded by Zurich Insurance Group (Zurich), a global multi-line insurer. With this $60 million investment, Cowbell plans to enhance its operations to accommodate growing demand, increase its ... Read the full article
Markel and mea announce strategic partnership to enhance underwriting processes
23rd July 2024
Markel, a global specialty insurer, and mea, an AI-driven platform for insurers, have announced a new strategic partnership, leveraging mea’s GenAI solution to enhance its underwriting processes in International Wholesale operations. Martin Henley, CEO at mea platform, said: “We are very excited to embark on this new partnership with Markel and ... Read the full article
Eastern Alliance implements CLARA AI to enhance workers’ comp claims management
11th July 2024
Eastern Alliance Insurance Group, a fully owned subsidiary of ProAssurance Corporation, has chosen the CLARAty.ai platform from CLARA Analytics, a provider of artificial intelligence (AI) technology for optimising insurance claims, to enhance claims management. This platform will help improve medical outcomes for injured workers, increase the accuracy of reserves, and reduce ... Read the full article
Davies secures £1.5 billion refinancing to support growth initiatives
5th July 2024
Davies, a provider of specialised professional services and technology solutions for insurance and highly regulated markets, has announced a successful £1.5 billion refinancing of its senior debt facilities. This move significantly lowers its interest expenses, extends debt maturity dates, and secures additional credit lines to support its future growth initiatives. The agreement ... Read the full article
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