Cyber
Coalition found 1,506 exposed fridge panels before French store attack
The cyber insurer says its external scan, used to alert policyholders, does not show the devices were compromised or belonged to the stores hit.
CoverWire
CoverWire stories are created using AI, with sources linked. See how CoverWire works at thecoverwire.com/how-coverwire-works/.
AI
Marrow's AI sales platform has run with Aviva since March, investor says
The London start-up has raised $2m for software that sets what AI agents may ask, and what customers must see, before an insurance quote.
Claims
GEICO adopts Entegral software for claim routing and repair choices
The third-largest US motor insurer will use the Enterprise Mobility subsidiary's platform to route claims, book repairs and choose repairers.
AI
Allianz X co-leads $200m round in AI specialty underwriter Ledgebrook
Allianz Re has also agreed to enter a multi-year reinsurance agreement with the US firm, which writes only through wholesale brokers.
AI
Bank of England and FCA survey finds 93% of responding insurers use AI
Insurers run a median of 18 AI systems in production, against 22 at UK banks and 43 at international banks.
AI
Anthropic warns insurers may lack capacity for a catastrophic AI loss
Its US share sale filing says the market for AI-specific cover is nascent and may not offer terms at all.
AI
FCA lists relying on untested AI vendor assurances as poor practice
Its examples also show firms keeping a central inventory of AI agents and avoiding dependence on a single model provider.
Cyber
Symantec finds AI agent running 100,000 steps on hijacked models
Symantec captured the tool's full instructions through a decoy AI service that logged more than 127,000 outside requests over the period.
Motor
Allianz Ireland says Snap & Quote makes motor quotes 85% faster
Customers upload a photo of their current renewal or quote, and the service fills in the Allianz form for them to check.
Funding
AI insurance broker i23 raises £4.9m seed round from UK investors
Former City minister Bim Afolami co-founded the London start-up, which Sky News reported is expected to buy an existing broker.
Reinsurance
MS Amlin says AI tool will halve reinsurance wording review time
The Lloyd's (re)insurer is already using the tool on its North American property reinsurance book for the 1 January renewals.
Funding
CoverGo raises $6m in Series B1 led by Betatron for AI-native core platform
The core systems vendor says revenue has grown tenfold since its 2022 Series A and it has reached EBITDA breakeven.
AI
Insurify opens its marketplace to personal AI agents with an MCP gateway
The US comparison site has named OpenAI's Dots, Meta's Muse and Instinct among the personal agents with access to its quotes.
AI
Opterrix launches AI tool for portfolio exposure and accumulation
The US exposure management firm's portfolio agent answers plain-language questions about an insurer's whole book and runs the analysis on screen.
AI
Verisk adds ISO loss costs to Microsoft Copilot and Amazon Quick
Verisk has also added premium audit resources and a hail and wind history connector to its offering inside Anthropic's Claude.
MGAs
Ardonagh to bring its MGAs worldwide under the Orvia brand
Mark McIlquham joins from Acrisure to lead the brand, which brings together more than $3bn of MGA premium.
Deals
Guidewire agrees to buy London pricing firm hyperexponential for $1.7bn
Up to $400m more is tied to recurring revenue targets for hx, whose platform has priced more than $75bn of annual premium.
Deals
Skyward becomes primary carrier for AI-native embedded insurer Slingshot
Skyward co-led Slingshot's $27m seed round, and the deal gives the start-up A-rated paper in all 50 US states.
Brokers
Brokers Alliance opens agency book data to AI assistants with MyAdvisorData
Partner agencies can ask their own AI assistant where a case stands, with every answer carrying the date the record was read.
Motor
1st Central launches Motivo, an agentic AI motor brand built with Microsoft
The motor brand is sold on Confused.com, where its assistant KAI handles purchases, policy changes and payments by voice or chat.
