Reinsurance News
Generative AI
Data and AI give MGAs a competitive edge, says Xceedance’s Lillywhite
30th April 2026
In a recent interview with Reinsurance News, Gavin Lillywhite, Senior Vice President of Business Development at Xceedance, discussed how data analytics and generative AI (GenAI) can elevate the Managing General Agent (MGA) business model. “There has been much fanfare and hype in the market about the potential of agentic AI to ... Read the full article
Fairness, accuracy & human empathy key as Gen AI transforms customer-insurer interaction: GA
20th November 2025
Generative AI (Gen AI) is rapidly transforming the insurance customer journey, but its successful adoption will depend on insurers addressing core customer concerns around privacy, accuracy, and the loss of human connection, a new report by the Geneva Association (GA) has found. The study, ‘Gen AI in the Insurance Customer Journey’, ... Read the full article
WTW introduces Radar 5, the latest generation of its insurance analytics and rating software
15th October 2025
Willis Towers Watson (WTW), an advisory, broking, and solutions company, has released the latest version of its rating and analytics software for the insurance sector, Radar 5. This new version introduces advanced features that use Generative AI to improve pricing, portfolio management, claims processing, and underwriting efficiency. The update combines enhanced Software-as-a-Service ... Read the full article
Verisk launches generative AI commercial underwriting assistant
16th September 2025
Verisk, a strategic data analytics and technology partner to the global insurance industry, has launched its Commercial GenAI Underwriting Assistant, a new cloud-based solution designed to transform commercial property underwriting. The tool aims to help insurers make faster, more informed decisions, enhancing profitability in an increasingly complex market. This new solution leverages ... Read the full article
Allianz UK introduces generative AI tool BRIAN
15th September 2025
Allianz UK, part of the financial services group Allianz SE, has introduced a generative AI tool, BRIAN, to help underwriters respond to customer enquiries, enhancing speed and confidence in decision-making processes. Allianz UK says its new tool will help underwriting teams overcome the time-consuming challenge of navigating lengthy guidance documents by ... Read the full article
Testudo launches AI insurance underwriting platform backed by Lloyd’s Lab
18th June 2025
Lloyd’s of London-backed start-up Testudo, part of Lloyd’s Lab innovation accelerator, has launched a new data and technology platform aimed at underwriting insurance policies for risks associated with artificial intelligence. Testudo, a company incubated through several legal and enterprise accelerators and supported by investors including LocalGlobe and Goldman Sachs partners, seeks ... Read the full article
Critical cloud service outages increase in 2024: Parametrix
17th March 2025
According to Parametrix, a provider of digital business interruption risk solutions, critical cloud service disruptions among the top three public cloud providers rose by 18% in 2024, with the duration of these outages increasing by 18.7% compared to the previous year. Parametrix’s Cloud Outage Risk Report 2024 highlights the growing risks ... Read the full article
Re/insurance CEOs seeing efficiency gains from GenAI: PwC
12th February 2025
As per PwC's 2025 Global CEO Survey, 54% of insurance CEOs are reportedly seeing efficiency gains in their employees’ time from generative artificial intelligence (GenAI), while 27% of Insurance CEOs and 36% of banking and capital markets CEOs said they have witnessed revenue increases from GenAI. Despite this, the firm's latest ... 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
Fintech industry shifts focus to profitability during growth challenges: BCG
12th July 2024
The fintech industry is poised for significant growth despite recent challenges, according to a recent report by Boston Consulting Group (BCG), a management consulting firm, and QED Investors, a venture capital firm specialising in fintech, titled Global Fintech 2024: Prudence, Profits, and Growth. Drawing insights from interviews with over 60 global ... Read the full article
Gen AI to be transformative for the industry, lot of foundational work to be done: Oxbow
3rd July 2024
As generative AI (Gen AI) continues to be adopted across the re/insurance sector, it is becoming more clear that the technology will be truly transformative for the industry. However, it appears that there is still a lot of foundational work that needs to be done, according to advisory firm, Oxbow ... Read the full article
Zapata Computing and KPMG UK collaborate to create risk and operational modeling
3rd July 2024
Industrial generative AI company, Zapata Computing Holdings Inc., and KPMG UK, an audit, tax, and advisory services firm, have completed a successful client project to streamline the compliance models of an international insurance firm. By leveraging Zapata’s analytics, optimization, and generative AI capabilities, the project aims to transform the client’s risk, ... Read the full article
Majesco & Microsoft collaborate to deliver advanced GenAI-driven solutions
5th June 2024
Majesco collaborates with Microsoft to develop Majesco Copilot, which integrates cutting-edge generative artificial intelligence (GenAI) into the company’s solutions to revolutionise and encourage operational optimisation across the insurance industry. This collaboration significantly benefits Majesco customers by providing them with cutting-edge solutions, a next-generation architecture base, security, and transformational experiences. Majesco Copilot promotes ... Read the full article
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