Palomar Reaches $1.28B Cat Bond High With Seventh Torrey Pines Re Issuance
Palomar cat bond 2026 issuance raises $410M via Torrey Pines Re 2026-1, lifting its ILS portfolio to an all-time $1.28B high as mid-market specialty…
Topic
Innovation
L&H InsurTech Funding Nearly Doubles to $719M in Q1 2026 on AI Surge
L&H InsurTech funding Q1 2026 surged to $719M — nearly double the prior quarter — as AI-driven claims automation outpaces P&C investment, per Gallagher…
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…
LesFurets Embeds ChatGPT in Its App, Turning France’s Biggest Price Comparator Into an AI Policy Adviser
LesFurets ChatGPT integration launches in France, making it the first insurance comparator to embed policy comparison in an LLM interface — a four-question flow…
Willis Launches Merger Protect to Insure Against Antitrust Review Costs in Insurance M&A
Willis Merger Protect covers antitrust compliance costs for insurance M&A deals of $5M+, targeting the escalating burden of HSR Second Requests after February 2025…
USAA Prices Record $825M Cat Bond, the Largest in Its 47-Issuance History
USAA cat bond: $825M Residential Re 2026-1 is the mutual insurer's largest ever, covering Florida residential property risk with dual SCS storm modelling across…
Lassie Closes $75M Series C to Scale the AI That Closes Pet Claims in Under 6 Minutes
Lassie raises $75M Series C, closes 60% of pet insurance claims in under 6 minutes via agentic AI. What the $100M ARR European insurtech…
Canopius Launches Standalone Cyber War Cover for State-Sponsored Attacks
Cyber war coverage for state-sponsored attacks went on sale April 27 as Canopius launched a specialty add-on that fills the gap Lloyd's war exclusions…
Ping An AI Agents Log RMB 30.4B in New Sales, Setting a Global Benchmark for Agentic Distribution
Agentic AI systems generated RMB 30.44 billion in new insurance sales at Ping An in Q1 2026, automating 82% of interactions — a revenue-scale…
Global InsurTech Funding Rises 27% to $943M in Q1 2026, with AI Accounting for Three-Quarters of Capital
Global insurtech investment reached $943.4 million across 42 deals in Q1 2026 — up 27% year-on-year — with approximately 75% of capital flowing to…