EIOPA’s Two-Step AI Mandate Sets August 2026 Deadline as EU Insurers Face €35M Penalties
EIOPA AI governance opinion mandates two-step impact assessments for EU insurers by August 2026, with €35M penalties for non-compliance with the EU AI Act.
Region
Europe
Munich Re Q1 2026: P&C Revenue Down 20% as Guidance Tightens on Cycle Pressure
Munich Re Q1 2026 posted €1.7bn net profit as P&C reinsurance revenue contracted 20%, signalling deliberate underwriting discipline. What tightened guidance means for H2…
Lloyd’s Governance Probe Into John Neal Tests London Market Transparency
Lloyd’s governance probe into former CEO John Neal puts London Market transparency standards to the test as Chair resists disclosure while Freshfields investigators press…
Aon Launches Climate Risk Monitor 3.0 to Price Extreme Heat in Commercial Lines
Aon Climate Risk Monitor 3.0 adds extreme heat and cooling demand analytics to commercial underwriting as global insured losses topped $127B in 2025.
National Bank of Greece Takes 30% Stake in Allianz Greece Bancassurance Pact
NBG acquires 30% of Allianz Greece in a 10-year bancassurance deal, reshaping Greek insurance distribution as European bank-insurer M&A accelerates.
Duck Creek Bets on Agentic AI to Automate Underwriting and Claims Workflows
Duck Creek launches an insurance-native Agentic AI Platform processing 30M+ claims annually and targeting $80B in U.S. efficiency gains, becoming the first major core-system…
EIOPA Locks In Solvency II Supervisory Guidelines for January 2027 Implementation
EIOPA finalises revised Solvency II supervisory guidelines effective January 2027: 26% fewer quarterly templates, a 21% risk margin reduction, and mandatory DORA compliance embedded…
Swiss Re Names Dean Galligan to Lead L&H Transactions as Longevity Pipeline Builds
Swiss Re creates a dedicated Head of L&H Transactions role, naming Goldman Sachs and Phoenix Group veteran Dean Galligan—signaling intent to compete aggressively in…
FCA Launches Claims Management Review as Consumer Duty Standards Reach Claims Handling
FCA claims management review launched May 6, targeting misleading ads, unfair exit fees and unauthorized sign-ups—making Consumer Duty compliance in claims handling an active…
Allianz Transfers Global Cyber Book to Coalition MGA in a 10-Year Exclusivity Deal
Allianz commercial cyber portfolio moves to Coalition MGA under 10-year exclusivity covering six markets—the largest carrier exit from proprietary cyber underwriting on record.