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Instnt Achieves Insurance Certification in New York
New York has officially granted Instnt Insurance Certification, which is a major milestone for the insurtech’s trusted digital onboarding platform. This approval lets Instnt offer more services in the state and shows that it is still committed to safety, following the rules, and doing things well.
To achieve certification, Instnt underwent a thorough review by the state’s insurance regulators to ensure it meets all legal and operational requirements. This certification is a regulatory compliance requirement that allows Instnt to operate legally in New York. While it does not directly impact or alter the customer experience, it ensures that Instnt is aligned with regional legal frameworks and reinforces its commitment to responsible and compliant operations. Without this certification, Instnt could not promote or sell its product within the state of New York.
With the Instnt Insurance Certification, the company can now offer insurers in New York’s regulatory framework easier ways to get started.
“Securing our New York license reflects our commitment to responsible, compliant growth,” said Sunil Madhu, Founder and CEO of Instnt. “Fraud isn’t limited by location. As we expand access to our identity fraud loss insurance solution to new markets, we continue to ensure our operations meet the highest regulatory standards in every location.”
Fraud is inevitable. In 2023, businesses lost $485.6 billion globally, and in North America, every dollar lost to a fraudster costs financial institutions an average of $4.41. Instnt is pioneering a new category of identity fraud loss protection, providing risk transfer capabilities through insurance that businesses are already used to.
Instnt’s solution leverages AI-powered identity fraud detection to help businesses shift residual fraud losses off their balance sheets to global AM Best A-rated insurers. With no-code and low-code integration, Instnt works alongside existing fraud detection tools for fast deployment and immediate coverage.
Getting the Instnt Insurance Certification in New York helps the platform reach its long-term goal of making it easier to follow the rules and speed up digital transformation in the insurance industry.
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Rising D&O Claims in India Put Corporate Leaders Under Heightened Scrutiny: Marsh Report
India’s corporate landscape is undergoing rapid change, with directors and officers increasingly facing personal liability risks. Marsh India has released findings from its Directors & Officers (D&O) Liability Insurance Claims Trends Report 2025, which reveals sharp increases in claim notifications, escalating defence costs, and intensifying regulatory actions, underscoring the urgent need for stronger governance and comprehensive D&O coverage.
New Cyber Insurance MGA Launches with Exclusive Partnership with Global Cybersecurity Firm, Trend Micro – Targeting US Customers
Invision Cyber, a new cyber insurance MGA founded by Acies with London and Lloyd’s market veteran Stuart Essex and cyber expert James Ingram, has entered into a strategic partnership with global cybersecurity leader Trend Micro to offer a cyber insurance product tailored exclusively for Trend Micro customers in the US.
Shift Technology Launches Shift Claims to Power Claims Transformation with Agentic AI
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Zego Leads the UK Shift From Black Box to App-Based Telematics Insurance
Zego, the UK’s first insurtech unicorn and a pioneer in telematics insurance, announced its ambition to reshape how drivers think about car insurance.
Consumers Under 40 Are Skipping Life Insurance as They Delay Traditional Triggers Such as Marriage and Parenthood
The World Life Insurance Report 2026, conducted jointly by the Capgemini Research Institute and LIMRA, shows that even though 68% of adults under the age of 40 see life insurance as essential for a healthy financial future, current offerings do not align with their financial priorities, hindering adoption.
50% of UK Women Still Uninsured: The Gender Gap in Life Cover
Despite juggling care roles and household duties, many UK women remain without life insurance, leaving dependants vulnerable. Recent research from Capital for Life and Post Office Life revealed that while 53% of adults say they have a life insurance policy, gender differences persist: 56% of men have coverage compared to 51% of women. That 5-point gap signals a deeper issue in financial protection.
Large Loss Claims Account for 88% of All Its Global Cyber Losses, Says AXA XL Study, Revealing Key Trends and Insights
According to an AXA XL claims analysis, 88% of all incurred losses from its cyber claims over the last decade arise from claims that surpass $1 million, suggesting that a relatively small number of large claims are responsible for the majority of cyber losses.