Market News
Cayman Adds 21 New Insurance Licenses in First Half of 2025
The Cayman Islands issued 21 new insurance licenses in the first half of 2025, with growth across captive and reinsurance sectors. Cayman Islands Monetary Authority reports additional applications under review, potentially surpassing 2024 levels. The regulatory framework continues to attract a range of international insurers under Class B, C, and D categories. Read More
Chief Economists Caution on Trade Policy Shocks, AI Risks, and Growth
The World Economic Forum's May 2025 Chief Economists Outlook highlights rising global uncertainty driven by US trade policy, inflation, and artificial intelligence (AI) disruption. Economists expect delayed investments, regional divergence in growth, and mixed job impacts from AI, while governments face pressure from defense spending and public debt concerns. Read More
Evolving Cyber Coverage: AI Threats, Policy Exclusions, and Recovery
In a recent IRMI webinar, experts discussed how cyber insurance is evolving in 2025. Topics included artificial intelligence (AI)-driven attacks, war exclusions, physical damage risks, and the rise of tech-forward products. Attendees also heard insights on policy clarity, coverage gaps, and recovery strategies for increasingly complex cyber events and exposures. Read More
MGA Premiums Surge to $114 Billion as Sector Grows 16 Percent in 2024
US managing general agent (MGA) premiums rose 16 percent to $114.1 billion in 2024, driven by artificial intelligence adoption, talent migration from traditional insurers, and strong excess and surplus market activity. Conning's latest study highlights expanding fronting insurer roles and rising tech confidence, with 20 percent of MGA premium now backed by fronting companies. Read More
Munich Re Identifies Key Insurance Technology Trends in 2025 Report
Munich Re's Tech Trend Radar 2025 identifies 36 technology trends impacting the insurance industry. Key areas include artificial intelligence development, spatial intelligence, synthetic data, quantum computing, and application programming interface standardization. The report provides maturity assessments and practical insights to help insurers navigate innovation, manage risks, and improve operational efficiency. Read More