Reinsurance News
InsurTech news
Insurance and reinsurance technology related news, focused on the wave of interest in InsurTech start-ups, investing in insurance technology initiatives, as well as reinsurance tech start-ups or ReinsurTech.
AM Best rates new Labuan based Chinese reinsurer Zhibao Re
10th November 2025
AM Best, the credit rating agency, has assigned Zhibao Labuan Reinsurance Company Limited (Zhibao Re) of Malaysia a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good), with a stable outlook. According to AM Best, these ratings reflect the company’s strong balance sheet, adequate operating ... Read the full article
AI-centred InsurTechs dominate as global funding hits $1.01bn in Q3: Gallagher Re
6th November 2025
According to a new report from Gallagher Re, global InsurTech funding was $1.01 billion in Q3 2025, down 7.3% from the $1.09 billion recorded in the prior quarter. Gallagher Re observed a marked drop in deal count, with just 76 deals in Q3 2025, the lowest total since Q2 2020. Overall, quarterly ... Read the full article
LIRG(TM) selects insurtech MANiT Labs to power global reinsurance platform
4th November 2025
Algorithmic Insurance Services, Inc. (LIRG) has selected insurtech MANiT Labs to serve as the core technology platform for its reinsurance brokerage operations. The partnership is a significant step in LIRG’s mission to become a global leader in reinsurance broking and consulting. By integrating MNiT Labs’ advanced platform, LIRG aims to blend its ... Read the full article
Willis strengthens risk analytics capabilities through expanded partnership with Zywave
9th October 2025
Willis, a WTW business, has announced an expansion of its long-standing partnership with Zywave, an insurtech provider, through the integration of Zywave’s Benchmark API into Willis’ Risk IQ analytics suite. This development enhances Willis’ ability to deliver more sophisticated insights and advisory services to clients across the globe. The Risk IQ platform ... Read the full article
ADAS technology to have significant impact on auto insurance industry: Evercore ISI
7th October 2025
Advanced Driver-Assistance Systems (ADAS) are expected to have a significant impact on the auto insurance industry, driving near-term frequency changes to the sector, although, autonomous could have greater ramifications longer-term, according to a recent Evercore ISI. In a recent report, titled ‘US P&C Insurance: The ADAS Impact on Personal Auto Insurance’, ... Read the full article
White Mountains sells majority stake in insurtech Bamboo to CVC
3rd October 2025
White Mountains, a Bermuda-domiciled financial services holding company, has announced it has agreed to sell most of its ownership in Bamboo, a data-enabled insurance distribution platform, to funds advised by CVC. The deal, which values Bamboo at $1.75 billion, is expected to generate approximately $310 to its book value per share ... Read the full article
Lloyd’s and Ireland’s Department for Finance partner to drive insurtech innovation
30th September 2025
Lloyd’s, the world’s oldest insurance and reinsurance market for global risk, and Ireland’s Department of Finance, have strategically partnered to foster insurtech innovation, strengthen market resilience, and promote Irish expertise globally. This collaboration will create a dedicated Irish-themed cohort within the Lloyd’s Lab Accelerator Programme in the first half of 2026. Established ... Read the full article
MetLife acquires 20% of LatAm insurtech Klimber
23rd September 2025
Global insurer MetLife has acquired a 20% stake in insurtech Klimber, a partnership that aims to transform how insurance is accessed and distributed throughout Latin America. This achievement, the firm stated, strengthens Klimber's position in the evolving digital insurance landscape in the region. The insurtech’s platform allows its partners in the banking, ... Read the full article
Optalitix expands quote platform to power reinsurance pricing
5th September 2025
Insurtech company Optalitix has introduced an expansion of its pricing platform, Optalitix Quote, aimed at the reinsurance market. The system, which has been used by insurers and MGAs, now includes tools for reinsurers to model treaty and facultative quotes, manage data, and improve pricing processes in one place. The company says the ... Read the full article
BluePond.AI launches Reinsurance CoPilot to automate complex document processing
5th September 2025
BluePond.AI, a GenAI-native insurtech, has introduced its latest solution, P&C Reinsurance CoPilot, a tool designed to automate the ingestion of complex reinsurance documents and optimise workflow efficiency. Reinsurance contracts are often lengthy and require significant manual effort to process and record in administration systems, which can slow operations and create errors. BluePond.AI’s ... Read the full article
Parametric Insurtech Sola raises $8m Series A to expand property coverage
27th August 2025
Parametric insurtech Sola, a company providing data-driven property insurance solutions, has announced that it has secured $8 million in Series A funding, bringing its total funding to $11.7 million. The round was led by FINTOP Capital and JAM FINTOP, with participation from 10vc and Georgia Tech. Sola offers property insurance that ... Read the full article
Concirrus becomes first insurtech to achieve triple certification for AI trust & security
22nd August 2025
Concirrus, provider of AI-centric insurance solutions, has become the first insurtech company worldwide to secure three major internationally recognised certifications: ISO/IEC 42001 (AI Governance), ISO/IEC 27001 (Information Security Management), and SOC 2 compliance. This achievement reportedly establishes a new global benchmark for trust, transparency, and governance in the use of AI ... Read the full article
Zhibao Technology signs agreement to form joint venture for risk reduction services in China
18th August 2025
Zhibao Technology Inc., a China-based InsurTech company specialising in digital insurance brokerage, has announced that it has entered into an agreement to establish a joint venture with Beijing Zhongfang Hongchuang Technology Company Limited, a wholly owned subsidiary of the China Disaster Prevention Association, and Guangzhou Ruiling Intelligent Technology Co., Ltd., ... Read the full article
Lemonade introduces standalone buildings insurance for UK homeowners
5th August 2025
Lemonade, a digital insurance provider using AI and operating with a focus on social impact, has introduced a buildings-only Homeowners insurance product in the UK. This launch adds to the company’s existing UK offerings and reflects its gradual expansion in the local insurance market. Lemonade entered the UK in October 2022 and ... Read the full article
Cover Whale raises $40m from Morgan Stanley to support expansion
30th July 2025
Cover Whale Insurance Solutions, Inc., a commercial auto insurtech, has raised $40 million in equity funding from Morgan Stanley Expansion Capital. The company plans to use the investment to further develop its technology, improve its data analytics capabilities, and expand its insurance offerings in pursuit of additional growth. Established in 2020, ... Read the full article
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