Reinsurance News
Insurance and reinsurance technology news
News on technology in the insurance and reinsurance market, covering insurtech start-up news, innovation news and how reinsurance market participants are leveraging technology to make their products better and to enhance the efficiency of their businesses.
risktec marks three-year anniversary with launch of integre solution
9th April 2025
risktec Ltd, a Swiss technology and advisory firm specialising in the re/insurance and risk industries, marks its three-year anniversary with the launch of integre, a new solution designed to meet the evolving needs of the reinsurance market. Founded in 2022 and headquartered in Zurich, risktec has grown to a team of ... Read the full article
Insurers to embrace AI & data-driven underwriting in 2025, says Send
21st March 2025
2025 is a pivotal year for the insurance industry, marking the first real opportunity for growth since the COVID-19 pandemic as insurers shift from traditional underwriting to data-driven decision-making, AI adoption, and portfolio management optimisation, according to new research from Send Technology Solutions Ltd (Send). The study, conducted in late 2024 ... Read the full article
Coalition appoints Maha Virudhagiri as Chief Technology Officer
14th March 2025
Coalition, an active insurer focused on preventing digital risks, has announced the appointment of Maha Virudhagiri as its first Chief Technology Officer. In this role, Virudhagiri will report to Joshua Motta, CEO and co-founder of Coalition, and will be a member of the company's executive team. He will lead engineering, IT, information ... Read the full article
Aventum multi-million investment to support global in-house tech development
21st January 2025
Aventum, a global re/insurance group, has dedicated $12 million to develop its own in-house technology function across all its international operations. This move has resulted in 25% of Aventum's global workforce now being dedicated to Tech & IT functions, including an Innovation Lab focused on fail fast innovation. The multi-million dollar investment ... Read the full article
WTW appoints Mark Mamone as Head of Technology Delivery and Strategy
21st January 2025
WTW, an advisory, broking, and solutions company, has announced the appointment of Mark Mamone as Head of Technology Delivery and Strategy to its Insurance Consulting and Technology (ICT) business. In this role, Mamone will drive WTW’s strategic approach to software delivery, enhancing its portfolio of insurance technology solutions. He will also ... Read the full article
Old Republic forms new cyber and technology insurance company
9th January 2025
Old Republic International Corporation has announced the formation of a new underwriting subsidiary, Old Republic Cyber, Inc., which will offer cyber and technology errors and omissions (E&O) insurance products. The new company will be led by CJ Pruzinsky as President and Kevin McGowan as Executive Vice President and Chief Underwriting Officer. ... Read the full article
Loadsure partners with Google Cloud to launch AI-powered claims verification system
7th November 2024
Loadsure, an insurtech managing general agent (MGA), has partnered with Google Cloud to develop an AI-powered claims verification system that processes claims more efficiently and accurately. Traditionally, insurance claims processing has been labour-intensive and time-consuming, often requiring manual document verification and data entry, which can cause settlement delays and frustration for ... Read the full article
Urgent need for insurers to move beyond legacy systems: Earnix
5th November 2024
For insurers to remain competitive and responsive to market demands, they must move beyond legacy systems and leverage new and emerging technologies, yet many still rely on outdated systems, with nearly half of insurers (49%) acknowledging they are behind schedule, according to Earnix’s 2024 Industry Trends Report. The report highlights that ... Read the full article
We expect a stable 1.4 renewal as demand for re/insurance continues to rise in Japan: Swiss Re’s Dodo
5th November 2024
Global reinsurance giant Swiss Re continues to see increased demand for property insurance and reinsurance protection in Japan amid elevated large natural catastrophe threats and the impact of inflation, and with little sign of a significant influx of capital heading into 2025, the expectation is for a stable April 1st ... Read the full article
Reinsurance News Monte Carlo Executive Roundtable
29th October 2024
The Reinsurance News Monte Carlo Executive Rendezvous Roundtable took place at the 66th edition of RVS in September 2024 and featured insightful discussions on the reinsurance market as we head towards the key January 2025 renewals. In partnership with BMS Re and PwC, the 2024 Reinsurance News ... Read the full article
Data and tech will distinguish top performers, says Zurich’s Signorelli
29th October 2024
During re/insurance broker Aon’s Profitable Growth Panel, Sierra Signorelli, CEO of Commercial Insurance at Zurich, emphasised that the use of data and technology is really going to distinguish top performers in the coming years. She noted that leveraging advancements in data and technology enables better decision-making, facilitates more informed conversations about ... Read the full article
Cybersecurity and regulation identified as top risks for the TMT sector: WTW
11th October 2024
Cyber and data privacy have emerged as the top risks in the technology, media, and telecom (TMT) sectors, which are increasingly relying on innovations like artificial intelligence (AI) to drive growth, according to a recent report by WTW. The report highlights growing concerns about the impact of regulations and trade tensions ... Read the full article
Workforce dynamics & tech advancements supporting the growth of middle market businesses, Aon
10th October 2024
A new study conducted by insurance and reinsurance broking group Aon and the National Center for the Middle Market (NCMM), has revealed two key trends that are supporting the growth of middle market businesses: workforce dynamics and technology advancements. It's important to note that research was conducted through online surveys of ... Read the full article
Poll suggests a lack of innovation in the insurance industry’s pricing technology
21st August 2024
A recent roll from Reinsurance News shows that there are a number of barriers that are disrupting innovation within the insurance industry's pricing technology. Hundreds of people from across the insurance and reinsurance sector responded to the poll. Nearly half of the respondents (48%) named dependence on legacy systems, slow adoption of ... Read the full article
Earnix announces collaboration with Verisk ERC solution
14th June 2024
Earnix, a provider of AI-based SaaS solutions for financial services, has announced a strategic partnership with Verisk, a data analytics and technology provider. This collaboration will allow Earnix to incorporate Verisk's ISO Electronic Rating Content (ERC) into its pricing and rating platform. The integration aims to enhance accuracy, speed up delivery ... Read the full article
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