Germany’s BaFin Becomes AI Market Surveillance Authority for Insurers
Germany's new AI implementation law hands BaFin market surveillance powers over high-risk AI systems, including those insurers use for life and health risk assessment.…
Author
Nicolas Martin
Senior reporter at InsuraBeat covering commercial and property & casualty markets, M&A, and underwriting performance across Europe and North America. Twelve years in the industry: started as an analyst on the broker side at a global reinsurance intermediary placing casualty and specialty risks for European corporates, then five years on the underwriting side at a Tier-1 European insurer, last managing D&O and cyber portfolios. Holds a Master in Reinsurance Economics and Capital Markets from the Kwang-Hwa Institute of Financial Sciences (Taipei) and is a CFA charterholder. Writes from Paris, on US morning markets.
Nigeria’s NAICOM Confirms 43 Insurers Meet NIIRA 2025 Capital Floors
NAICOM confirmed 43 insurers met NIIRA 2025's capital floors and began issuing new licences, while 8 companies remain under final verification before the market's…
NAIC Data: Homeowners Premiums Up 43.3%, Nonrenewals Surge 216%
New NAIC data show U.S. homeowners insurance premiums up to 43.3% and insurer-initiated nonrenewals up to 216% since 2018, with the sharpest shifts in…
Everest Sells Mexico Insurance Unit to Fairfax, Third Retail Exit
Everest's Mexico insurance sale to Fairfax closes out a three-market retail exit, landing Fairfax in a market squeezed by VAT reform and rising premiums.
PRA’s PS18/26 Cuts Solvency UK Branch Reporting From Three Years to One
PRA's Solvency UK reporting overhaul cuts branch data years, moves MALIR to XBRL and resets the annuity baseline to 31 December 2026 for insurers.
IRDAI Orders Assam Flood Claims Fast-Tracked Under 2026 Circular
IRDAI orders Assam flood claims fast-tracked under a 2026 circular that echoes its 2019 Kerala floods playbook, swapping daily reporting for weekly.
The Hartford Acquires Equitable’s $500m Employee Benefits Arm
The Hartford's Equitable acquisition adds $500m in premium as a top-six carrier absorbs a sub-1%-share rival, echoing its 2017 Aetna playbook.
Australia’s Private Health Cover Ages as Exclusion Policies Hit 68.41%
Private health insurance in Australia is ageing fast: APRA data show hospital cover rising alongside surging exclusions and out-of-pocket costs.
American Family to Acquire Bowhead Specialty for $1.2 Billion in Cash Deal
American Family's $1.2 billion Bowhead Specialty deal converts a 2020 seed stake and reinsurance treaty into outright acquisition control now.
AM Best: Rated US Captives Saved $8.2 Billion Over Five Years
AM Best rated captives saved $8.2 billion over five years, even as global commercial rates fell for eight straight quarters.