Investments

Biodiversity — including pollinating bees, marine life, rainforests and agricultural soil — is declining at an unprecedented rate as a result of exploitation, land-use change, pollution and extreme weather.

Brookfield Reinsurance Ltd. agreed to buy all the shares in the US insurer it does not already own for $55 apiece, according to a statement on Wednesday.

There were more than 30 funding events in the insurtech sector between June 1 and June 30, 2023, according to a review by Digital Insurance.

The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million in the municipal bond market.

So far, little is known about how the fire will impact BigCoast's carbon removal capacity or how much carbon has been released.

Grand Rapids, Michigan-based Acrisure is expected to be valued at well over $20 billion in an initial public offering, the people said, asking not to be identified discussing confidential information.

The exuberance surrounding artificial intelligence has driven a lot of capital into a small corner of the market in a very short space of time, and that has implications for tech-heavy ESG funds.

Austin-based Vista bought insurance technology provider Duck Creek Technologies Inc. earlier this year.

New technologies have the capability to provide an analysis of potential exposures.

The soaring number of firms disclosing their workforce demographics is bringing sobering numbers to light and displaying the shortcomings of available statistics.

The political attacks are interfering with insurers' independent efforts to price climate risk, which will harm policyholders, main street investors and local economies, a GFANZ spokesperson told Bloomberg last week. 

Swiss Re said its withdrawal doesn't reflect a lesser commitment to climate policies.

It's no surprise that neither traditional nor digital insurers want to miss out on the opportunity ESG provides.

The Global Insurtech Report highlights sector investments, which are up from the last quarter of 2022.

Insurers are being forced to rethink their approach to climate change as they assess the risk of being sued for antitrust violations.

Joyn Insurance's partnership with Commit allowed the company to launch its platform amidst a downturn of insurtech investments.

For example, ethics training can help organizations define unfair bias in the context of AI models.

For example, a smart contract-enabled parametric insurance product could be designed to automatically pay out to farmers in the event of a drought.

Higher risks in catastrophe insurance tighten market that depends on alignment of multiple parties

Key market drivers that are set to shape the industry and practical tips for managing the change.