Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Insurance In 2026: The Impact Of CX, AI, And Gig Economy Microinsurance
Insurance In 2026: CX, AI, And Gig Economy Microinsurance The global insurance industry is heading into a transformative year in 2026, with seismic shifts driven by the rise of AI, the urgency of customer experience (CX), expansion into uncharted…
Three major Japan life insurers see revenue growth in April-September
Three of Japan's four major life insurance companies enjoyed insurance premium income growth in April-September, their earnings reports have shown. All the four — Nippon Life Insurance, Meiji Yasuda Life Insurance, Sumitomo Life Insurance…
Raising FDIC Insurance To $10 Million Is A Dangerous Mistake
The bipartisan proposal to increase Federal Deposit Insurance Corporation coverage from $250,000 to $10 million for non-interest-bearing business accounts has been marketed as the 'Main Street Depositor Protection Act.' Despite its populist…
Gov't push for low car insurance premiums creates dilemma for insurers as profits fall
Non-life insurers are facing a car insurance dilemma, as their need for higher premiums to grapple with falling profits clashes with the government's shared growth initiative, industry officials said Thursday. The government wants to keep premiums…
Pibit.AI Raises $7 Million To Solve An Insurance Talent Crisis With AI
Pibit.AI announced a $7M funding round The insurance industry is running out of people. Underwriters are aging out, fewer young professionals are entering the field, and carriers have been trying to solve a workforce problem with workflow tools.
Taiwan Insurers Seek $2.9 Billion Relief With Accounting Change
Taiwan's life insurers proposed changes to accounting rules that will cut annual hedging costs by an estimated NT$90 billion ($2.9 billion) and provide relief for excessive currency swings, according to a statement from an industry group. The…
AI Isn't Replacing Insurance Experts, It's Amplifying Them
Artificial intelligence is accelerating across the insurance and collision-repair ecosystem in ways that no longer look experimental. What began as a set of narrow, mostly internal tools has shifted into a strategic priority for an industry under…
Your Guide to Life Insurance Underwriting
Life insurance companies use a process called underwriting to evaluate your risk factors, decide whether to approve your application and determine your premium. Traditional underwriting, which usually includes a medical exam, is generally…
Thousands of drivers must take out new car insurance now after firm goes bust
Thousands of drivers have been urged to find new motor insurance after a provider went bust. Premier Insurance Company Limited, which is a Gibraltar-based insurer but provided car and motorcycle insurance policies for UK customers, collapsed into…
Cheap Life Insurance: The Most Affordable Coverage from Our Top-Rated Companies
Legal & General America, Symetra, Penn Mutual and Principal are the cheapest life insurance companies in our evaluation. They offer competitive term insurance rates for buyers at various ages. Each also offers no-exam policies and options for…
Private Equity's $700 Billion Insurance Invasion Brings New Risks for Retirees
The National Association of Insurance Commissioners, a standard-setting body for the industry in the US, is considering changes to its approach to regulatory capital and credit ratings, and to increase scrutiny around some offshore reinsurance. Its…
Bundling car and renters insurance could save you up to $659 a year - here's how
Select independently determines what we cover and recommend. We earn a commission from affiliate partners on many offers and links. This commission may impact how and where certain products appear on this site (including, for example, the order in…
Mutakamela Insurance Company Selects Neutrinos Platform to Digitize SME Health and Motor Insurance Journeys
New platform to streamline quote-to-claim experiences with intelligent automation NEW YORK and SINGAPORE, Nov. 20, 2025 /CNW/ -- Neutrinos, a leader in AI-powered intelligent automation for insurers, today announced its platform has been selected…
Warning for drivers to do immediate check after insurance firm goes bust
DRIVERS have been warned to do an urgent check after a car and van insurance firm with 16,000 customers went bust. Premier Insurance Company Ltd collapsed into administration last month. Your info will be used in accordance with our Privacy Policy…
State Farm seeks rate decrease for California car insurance
State Farm is asking California regulators to approve a 6.2% rate decrease on car insurance, citing a trend of decreasing auto claims costs, the company announced Thursday. State Farm Mutual Automobile Insurance Co. is the largest auto insurer in…
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