Article ID: 1cecf578ff95e3bb4098afca8d2f7762e99b81b1a246d255f3c7e51c8fb11c24
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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. Testudo appoints Peter Wedge as General Counsel 10th November 2025 Testudo, a technology and data company underwriting artificial intelligence (AI) risks, has announced the appointment of Peter Wedge as General Counsel. Launched in 2024, Testudo underwrites AI risks using active litigation monitoring and real-time data. Its AI Risk Engine ingests, tags, and models data to power best-in-class risk management and underwriting ... Read the full article “Speed drives growth” as Gen AI accelerates underwriting: AIG CEO 7th November 2025 Peter Zaffino, Chairman and CEO of global insurer AIG, said the company is accelerating its deployment of generative artificial intelligence (Gen AI) to digest data more effectively and access a broader range of data points, helping underwriters make better-informed decisions, emphasising that speed drives growth. During American International Group, Inc. (AIG) ... Read the full article AI adoption drives productivity growth and opens business opportunities: Hiscox CFO Cooper 7th November 2025 Specialist insurer Hiscox’s multi-year collaboration with Google is serving as a central growth driver for the deployment of artificial intelligence (AI) and machine learning across its business, according to comments by the company’s CFO, Paul Cooper. Speaking about the firm’s AI adoption, Cooper highlighted that the partnership is delivering transformative results, ... Read the full article The Fidelis Partnership launches Construction Consortium for AI data centres 6th November 2025 The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has announced the launch of a new consortium targeting risks associated with the construction of artificial intelligence (AI) data centres. With estimates suggesting that the AI data centre market could rapidly represent billions in new premium a year, the consortium aims ... Read the full article Hyperscalers a level of opportunity we haven’t seen before: Aon CEO Greg Case 31st October 2025 The rapid advancement of data centre construction from the world's hyperscalers is a "monumental" opportunity for re/insurance broking group Aon and the wider risk transfer industry. And while it's still early days, President and Chief Executive Officer (CEO), Greg Case, said today that demand in this area could produce more ... Read the full article Zurich to revolutionise insurance business model with newly launched AI Lab 29th October 2025 Zurich Insurance Group, in collaboration with the University of St. Gallen, is reimagining the future of insurance with its newly launched artificial intelligence (AI) Lab, Zurich AI Lab, aimed to accelerate industry transformation. Led by Group CEO Mario Greco, this ambitious move “signals a new era” in the delivery and customer ... Read the full article McGill & Partners works with Google Earth AI for faster disaster response 24th October 2025 Insurance and reinsurance broker McGill & Partners is leveraging Google's cutting-edge AI and massive Earth observation data capabilities to enhance how they understand, model, and price global risks, particularly those related to climate and natural catastrophes. The broker is collaborating with Bellwether, a group of geospatial experts from X, Alphabet’s Moonshot ... Read the full article Bridging the gap between re/insurers’ actuarial models & underwriting operations: Katz, Optalitix 22nd October 2025 In an interview with Reinsurance News, Dani Katz, Co-founder and Director of software provider Optalitix, said reinsurers are at a pivotal point — with abundant capital, complex risks, and an urgent need for faster, data-driven pricing — noting that he sees the greatest opportunity in helping carriers bridge the gap ... Read the full article Sollers Consulting report reveals major gaps in AI preparedness across the insurance industry 20th October 2025 A new report from Sollers Consulting, a business and IT consultancy specialising in digital transformation for insurers and financial institutions, reveals that artificial intelligence (AI) has firmly established itself in the insurance industry, particularly in claims processing. However, the study also finds significant variation between companies in their ability to implement ... Read the full article Re/insurance industry must capitalise on huge data centre opportunity: Turk, Lloyd’s 17th October 2025 Data centres offer re/insurers a massive opportunity due to their scale, but they also carry significant risks, and if the industry cannot quickly provide solutions that meet the needs of technology giants, these risks could move into captives, said Rachel Turk, Chief Underwriting Officer at Lloyd’s, the specialist insurance and ... Read the full article AI-native insurer MGT closes $21.6m Series B funding round 17th October 2025 MGT, a vertically AI-native neo-insurer, has closed an oversubscribed $21.6 million Series B funding round led by new investor Mubadala Capital, with participation from Clocktower Ventures, Tacora Capital, and existing backers. The company said the new capital will support its mission to modernise commercial property and casualty (P&C) insurance and deliver ... Read the full article CLARA Analytics unveils new offering service that transforms data into AI-ready assets 16th October 2025 CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimisation, has launched CLARA Data Engineering as a Service (DEaaS), a new offering that transforms fragmented, siloed data into clean, AI-ready intelligence. By providing a solid data foundation, CLARA is paving the way for its next major platform advancement, ... Read the full article Crystal Venture Partners closes $33m Fund I 9th October 2025 Crystal Venture Partners has closed $33 million Fund I, aimed to back early-stage companies modernising insurance, risk, and other complex systems through artificial intelligence (AI) and sector-specific innovation. Founded by solo GP Jonathan Crystal, Crystal Venture Partners specialises in ‘complex, highly regulated markets’, where new technology, like AI, is poised to ... Read the full article Applied Systems unveils AI advancements aimed at revolutionising agency workflows 8th October 2025 Applied Systems has announced the next wave of innovation within its Applied Insurance AI™, which includes insurance-specific AI solutions designed to embed intelligence into agency workflows to drive productivity and profitability. Applied Insurance AI delivers connected, intelligent workflows across the entire Digital Roundtrip of Insurance, from sales and marketing to policy ... Read the full article FurtherAI secures $25m Series A to transform insurance workflows with AI 8th October 2025 FurtherAI, an artificial intelligence (AI) startup for insurance, has announced that it has raised $25 million in a Series A funding round led by Andreessen Horowitz, aimed at automating insurance workflows with AI. This funding round follows the $5 million secured in the firm's seed round, which also included Nexus ... Read the full article
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