Planette, an expert in long-range weather prediction, has announced the launch of Joro, a high-resolution forecasting platform designed for financial institutions and insurance providers.

As a new entrant in the UK market, Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), recognises that there is an “underserved market in the UK”, with the company having identified a way to serve this market with “expertise and tailored coverage options”, says Simon Hughes, General Manager, Cowbell UK.

AI-driven pricing insurance company, Akur8 and leading global insurance organization, MS&AD Insurance Group, have announced a new strategic partnership to foster further innovation.

Following XDimensional Technologies’ acquisition of I-Engineering in June 2023, the two firms are coming together to form a new brand, Dyad, Inc.

WTW’s Insurance Marketplace Realities Spring Update reports that property insurance premiums will continue to rise throughout 2022, but these increases will mostly be driven by inflation raising insurable values, as opposed to rate increases.

Property and casualty insurer Global Indemnity has reported a net loss to shareholders of $14.9 million for the first quarter of 2022, compared to net income of $5.4 million for the corresponding period in 2021.

Overall, capacity was adequate for the completion of most programmes at the January 1st, 2024, reinsurance renewals, and with dedicated reinsurance capital growth in the double-digits, it was a positive renewal, according to Dean Klisura, President and Chief Executive Officer (CEO) of Guy Carpenter.