Insurers pivot to AI
Insurers' corporate VCs invested more in AI than in non‑AI insurtech in 2025, and scouting reports at InsurTech America are now highlighting AI‑first startups — the market is reallocating capital and attention toward agentic and analytics playbooks. Service firms are responding too: Coforge and Solstice Innovations formed a Center of Excellence to push agentic AI adoption for US P&C modernization. (theinsurer.com) (cbinsights.com) (cxotoday.com)
Gallagher Re’s Q1 2025 insurtech data shows global funding hit US$1.31bn and AI-focused companies captured 61.2% of that quarter’s capital — about US$710.86m. (insurtechdigital.com) CB Insights’ March 2026 research flags a market shift: “AI deployment and implementation capabilities become prerequisites” for agentic-AI insurtechs, and 7 of the top 9 fastest-growing agentic-AI firms are hiring implementation-focused roles. (cbinsights.com) InsurTech America Symposium is scheduled for April 13–14, 2026 at the Connecticut Convention Center with a 700+ attendee program that lists speakers including a Chief Claims Officer (Venbrook), a Chief Information Officer (Arron Lamp), and a VP–Product & Underwriting (Kelly Kapla). (insurtechamericasymposium.com) AM Best announced it will moderate multiple InsurTech America panels, including “Guardrails & Governance: The Regulatory Lens on Insurance Innovation” at 3:45 p.m. EDT on April 13, with Sridhar Manyem moderating and Connecticut Insurance Commissioner Josh Hershman on the panel. (news.ambest.com) Coforge and Solstice Innovations announced a strategic partnership on April 2, 2026 to create a dedicated Center of Excellence powered by Coforge’s Forge‑X to accelerate migrations onto Solstice’s agentic Equinox core (policy, billing, claims, agency management). (coforge.com) Shares of Coforge moved intraday after the announcement, trading up roughly 2.7% at ₹1,185.1 on April 2, 2026. (cnbctv18.com) IBM’s industry analysis projects agentic‑AI will concentrate in claims, estimating 77% of agentic‑AI use cases will sit in claims over the next year. (ibm.com) BCG’s March 30, 2026 briefing adds that AI-first P&C leaders can drive 3–5% premium growth and that AI-driven changes could unlock roughly US$80 billion in US value if adopted at scale. (bcg.com) CB Insights and industry modernization briefs underline a procurement pivot: insurers are prioritizing partners that demonstrate forward-deployed engineering and measurable operational deployment capability, and modernization projects still require explicit executive buy‑in across IT and business functions. (cbinsights.com) (datos-insights.com)
