Top Headlines from Apr 27 – May 3, 2026
Subscribe on LinkedInGallagher Re published its Global InsurTech Report for Q1 2026, the final installment in a three-year series on AI's impact across the (re)insurance industry. Key findings: global InsurTech funding reached $1.63B in Q1, with 95% flowing to AI-focused companies and average deal sizes up 23.3% quarter-on-quarter. The report also covers the emerging AI liability insurance market and its convergence with cyber.
Source: Gallagher Re — Read More
CB Insights released its State of InsurTech Q1'26 Report, an 80+ page analysis covering a $1.6B quarter where median deal size hit $10.0M — nearly double 2021's $5.3M. The report tracks a thinning pipeline as insurance CVC participation drops to a 9-year low, alongside data showing CEOs at Allianz, AIG, and Travelers moving enterprise AI from pilots into operating infrastructure.
Source: CB Insights — Read More
Reserv announced a $125 million Series C led by KKR. Founded in 2022, Reserv provides TPA services and technology to nearly 200 insurers, corporate captives, MGAs, and brokers. The company has more than 500 claims adjusters on staff and has more than doubled its claims processing capacity every year since launch, with a focus on data transparency and AI-driven claims outcomes.
Cognizant agreed to acquire Astreya for approximately $600 million to strengthen its position in AI infrastructure and data center services. The deal is expected to close in Q2 2026 pending regulatory approvals. Astreya has spent years managing data centers, AI lab environments, and enterprise networks for large technology firms, adding production-grade AI infrastructure capability to Cognizant's existing stack.
Chinese electric carmaker BYD appointed bolttech as its preferred strategic partner for embedded insurance across its primary European markets. bolttech will offer BYD customers EV coverage through multiple insurers via its embedded insurance platform. BYD will also provide insurers with access to vehicle safety data and proprietary insights to develop more competitive products within the BYD ecosystem.
Fuse launched Mark, a product that scores any commercial insurance submission against live market data across five dimensions in seconds. For brokers, it functions as a pre-flight stress test before submissions go to market. For carriers, it provides an independent evaluation layer when packages arrive at the underwriting desk. Both sides of the transaction see the same data.
Superagent AI released version 2.0 of its platform for independent insurance agencies. The update includes unified AI agents, managed telephony, automated email deliverability, real-time quoting, and enterprise-grade security. The platform supports ACORD 80 and 90 form generation from calls, integrates with systems including EZLynx, and includes built-in compliance features for TCPA, CAN-SPAM, and do-not-call requirements.
Source: Business Wire — Read More • Superagent AI
