Market News

Gallagher Re's Q1 2025 Global InsurTech Report highlights a 90.2 percent surge in global InsurTech funding, with auto/motor insurance receiving USD 428 million. Artificial intelligence–centered startups led investment activity, while property-casualty InsurTechs secured record funding. The report explores key players, merger and acquisition trends, and emerging technologies reshaping auto insurance. Read More

The Vermont Captive Insurance Association (VCIA) introduces Monty, an artificial intelligence–powered assistant designed to enhance member engagement and access to captive insurance information. Trained on industry-specific content, Monty supports users with compliance guidance, educational tools, and real-time responses, streamlining information access while reflecting VCIA's commitment to innovation and evolving digital member services. Read More

Premiums rose 4.2 percent in the first quarter of 2025, slowing across most commercial property/casualty lines. Medium accounts and lines like cyber and D&O saw rate decreases. Litigation funding drove higher commercial auto and umbrella premiums. Increased insurer competition and exposure-based underwriting defined market trends, per the Council of Insurance Agents & Brokers. Read More

US D&O insurers reported their strongest loss ratios in over a decade in 2024, driven by reserve releases and prior underwriting improvements. Despite premium declines, later-year gains and stable results could spur pricing pressure. AM Best warns of risks ahead, including artificial intelligence, cyber threats, and unresolved soft-market claims. Read More

Medical professional liability (MPL) insurers recorded their 10th consecutive year of underwriting losses in 2024. However, net income more than doubled, driven by strong investment returns and capital gains. As nuclear verdicts and social inflation escalate, insurers are rethinking risk strategies and adapting to an increasingly complex liability landscape. Read More