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News
Waterdrop: Q2 Revenue Jumps 73% To $213.4 Million As AI Drives Insurance Growth
4+ day, 1+ hour ago (429+ words) Waterdrop reported second-quarter net operating revenue of RMB1.45 billion ($213.4 million), representing a 72.8% year-over-year increase as its insurance business expanded and the company deployed AI across sales, underwriting and other services. Insurance-related income increased 80.5% to RMB1.33 billion ($196.5 million), while operating profit increased 14.3% year…...
Tax benefit boosts Coralisle profits
4+ day, 1+ hour ago (548+ words) Coralisle Group recorded a 38 per cent increase in earnings last year and sold its minority stake in a Trinidadian-based insurer for $11.6 million, the company’s financial statements for 2025 reveal. Net income was $94.7 million in 2025, said Coralisle, up 38 per cent from $68.6 million…...
Insurance moves: Corgi, Pan-American, Third Wave, Relm, AXA XL, Burns & Wilcox, MJ, More
4+ day, 11+ hour ago (958+ words) Corgi has named Erin Gambrel (pictured, center) vice president of financial services, tasked with driving retail investor growth and brand reach for the company's ETF lineup. Gambrel joins from Investing Authority, where she oversaw retail trading campaigns reaching more than…...
Direct insurer opens Tamworth office in broker territory
3+ day, 21+ hour ago (592+ words) Achmea Farm Insurance has opened a permanent office in Tamworth, New South Wales, placing a direct insurer’s operation in a regional centre already contested by specialist agricultural brokers. The office opened on September 4, 2026, with around 50 clients, farmers, and industry stakeholders…...
P&C industry's best half in years hides a casualty problem
6+ day, 3+ hour ago (267+ words) The US property and casualty industry nearly tripled its net underwriting income in the first half of 2026. The result reflects a market where property and casualty lines are moving in sharply different directions. Net underwriting income reached $31.2 billion in the…...
Shielded named a Top Insurance Employer 2026 by its own staff
6+ day, 18+ hour ago (408+ words) That strategy has meant years spent automating the mundane parts of broking, data entry, document processing and policy admin, so staff spend their time on advising clients, handling claims and building relationships. The technology behind that shift is proprietary, built…...
Insurance moves: Verve, Coalition, Sedgwick
1+ week, 5+ hour ago (194+ words) By Camille Joyce Lisay Three appointments late last week point in different directions but share a common thread: each represents a deliberate expansion of capability rather than a straight replacement hire, whether that is new Lloyd's-backed underwriting capacity in financial…...
Martin Rebrands as Insurers Face Pressure to Speed Launches
1+ week, 17+ hour ago (242+ words) NEWTOWN SQUARE, PA — Martin & Company has rebranded as Martin as the Pennsylvania insurance-services firm prepares to expand its technology offerings amid pressure on carriers and managing general agents to bring insurance products to market faster. The company, founded in 1993, provides…...
Curb misselling, not agents: Insurance reform needs a scalpel, not a hammer
1+ week, 2+ day ago (242+ words) India’s insurance market does need reform. It needs a scalpel, not a hammer Trump calls Iran conflict 'small potatoes' and defends Vance's position that it's not a 'war' US judge again blocks Postal Service's mail-in voting restrictions Rs 10,000-crore question…...
Underwriters keep arriving after the risk has already been decided
1+ week, 4+ day ago (718+ words) By the time insurers are asked to cover a major infrastructure project, many of the decisions determining how difficult or expensive it will be to insure may already have been made. The Association of British Insurers (ABI) wants government to…...