Our Scans · (FS.4.01) Insurers' Business Model · Weekly Summary

• [New] Insurance Underwriters: AI can assess risk and process claims more efficiently, with insurers like Allstate using AI for underwriting. eduKate Tuition Centre
• [New] Companies are required to notify the Louisiana Department of Insurance if they plan to stop writing policies in specific areas or expand their coverage. Live Insurance News
• [New] A Trump administration policy passed by a federal health agency will increase costs and reduce access to gender-affirming care for trans people on private insurance by removing certain protections, effective in 2026. Snopes
• Given the large number of international passengers, including from the UK, Portugal and Canada, global reinsurers are expected to absorb much of the financial impact. The Independent
• Private insurers may file long-term care insurance policies with OIC in the spring of 2026 and policies could be available for purchase in the summer of 2026. WA Cares Fund
• Ocean Harbor Insurance Group has successfully priced its debut catastrophe bond with the Oceanside Re Ltd. issuance set to provide the targeted $75 million of collateralized multi-year catastrophe reinsurance for named storm and severe weather risks in the state of New York. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• SME adoption of cyber insurance has surged by 52%, driven by AI tools that simplify risk evaluation and policy customization.58% of insurers now use AI in cyber underwriting as of 2025, and tracking toward 75% by 2026. CoinLaw
• The $100 million or more in notes will provide Mercury with a three-year source of collateralized reinsurance against wildfire and fire-following earthquake losses in the state of California. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Reinsurance for Catastrophic Events: France and Germany have adopted quota-share reinsurance treaties to manage risks from large-scale attacks affecting multiple clients. Interlegal
• Now finalised at $600 million in size, the NCIUA will benefit from cat bond backed reinsurance protection in its reinsurance tower running from $2.35 billion right the way $3.75 billion for the coming hurricane season, thanks to other cat bonds also still in-force. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• In response to rising costs and risks across the world, reinsurers raise the price of reinsurance, which flows through to Australian insurance prices. Vote Earth Now
• Global reinsurers might offer insights into emerging trends in longevity risk management, share innovative structuring techniques for PRT solutions, or provide guidance on regulatory changes. Default
• Allstate has started the 2025 annual risk period for the aggregate reinsurance provided by some of its catastrophe bonds with a $594 million pre-tax catastrophe loss burden, driven by 11 severe weather events during the month of April. Artemis.bm - The Catastrophe Bond, Insurance Linked Sec
• Greater losses from natural catastrophes could result in higher reinsurance costs, increasing U.S. homeowners insurance premiums in 2025.To protect yourself from uninsured losses, understand your risk level and what your homeowners insurance policy does and does not cover. www.insurance.com
• Insurance brokers AU Group and ETG Insurance and Risk Solutions have launched a trade credit and political risk unit for Sub-Saharan Africa, teaming up to capture business in a region often viewed as high-risk by insurers. Global Trade Review (GTR)
• Insurance is increasingly unaffordable; and Australia is at risk of becoming uninsurable with more extreme weather, inflation and reinsurance costs pushing premiums up. SBS News
• Moody's believes it is likely that US P/C reinsurance pricing will stabilize, supported by the potential for significant price increases for accounts that have had sizable losses over the past year. Insurance Journal
• Iran generates billions of dollars per year by exporting crude oil and petroleum products, and that maritime services providers - including insurance companies - face the risk of enforcement action if they provide underwriting services, insurance or reinsurance to the Iranian energy sector. Global Trade Review (GTR)
• Insured losses from the Los Angeles wildfires in January could drive up global reinsurance costs. Reserve Bank of Australia
• Moody's believes it is likely that US property catastrophe reinsurance pricing will stabilize, supported by the potential for significant price increases for accounts that have had sizable losses over the past year. Insurance Journal
• With immediate effect, Pen's international and multi-section insurance policies customised for recruiters can now cover the professional indemnity risk of placing candidates into positions in the US and Canada - the only overseas territories not previously covered. Insurance Age
• Bupa is strengthening its focus on the use of key disruptive technologies to streamline its operations, improve customer service and offer digitally enabled insurance policies. Market Research Reports & Consulting | GlobalData UK Lt
• Whether insurance companies will be required to continue covering the full cost of preventive health services - a policy credited with saving more than 100,000 lives a year - is in the hands of the U.S. Supreme Court. American Medical Association

Last updated: 08 July 2025