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US insurance industry
Trends
- 1
New research forecasts that embedded finance revenue will grow to US$617 billion by 2031, reflecting the rapid expansion of financial services integrated directly into non-financial platforms such as retail, software and marketplaces. Analysts expect payments, lending and insurance offered through these channels to become a major revenue stream for banks and fintechs as partnerships accelerate across industries.
- 2AI conflict intensifies between health insurers and providers▼AI war heats up between payers and providers
Tensions are rising in US healthcare over the use of artificial intelligence, with insurance payers and care providers clashing over how AI is deployed. Insurers increasingly use algorithms for claims review and prior authorization, while providers argue the tools delay or deny care and add administrative burdens. Health system leaders are calling for oversight and regulation as both sides race to adopt AI.
- 3Hospitals' AI use linked to $942 million jump in US healthcare costs●# AI has made many people rich, esp those close to # Trump /fam & others who've ill-gotten gains:🚨"Hospitals’ use of AI
The Blue Cross Blue Shield Association reports that hospitals' use of AI tools when submitting insurance claims drove an additional $942 million in US healthcare spending over a two-year period. Commenters are linking the finding to wider concerns that AI-driven gains are flowing to well-connected and wealthy interests, including associates of Donald Trump, while patients and insurers absorb the costs.
- 4Tom Curtin Appointed Executive Vice President at Kaiser Permanente▼Tom Curtin Named Executive Vice President, National Health Plan
Kaiser Permanente has named Tom Curtin as Executive Vice President of its National Health Plan. The appointment places him in a senior leadership role at one of the largest nonprofit health plans in the United States, overseeing national operations. Further details about his responsibilities and start date have not been made widely available.
- 5Insurers urge Congress to resolve TRIA before year-end▼Insurers press Congress to settle TRIA differences before year-end
Insurance industry groups are pressing US lawmakers to reconcile differences over the Terrorism Risk Insurance Act before the end of the year. The federal backstop for terrorism losses faces an expiration deadline, and insurers warn that failure to extend it could disrupt coverage for commercial property across the country. Advocates want Congress to pass a reauthorization before its holiday recess.
- 6Axa XL to write business through dedicated E&S insurer▼Axa XL to begin writing business through dedicated E&S insurer
Axa XL, the specialty insurance arm of French insurer Axa, will begin writing business through a dedicated excess and surplus lines insurer. The move gives the unit a separate vehicle for E&S risks, a fast-growing segment of the US market where flexible, non-admitted coverage is in rising demand. Insurance industry publications report the change as a notable shift in how the insurer structures its specialty underwriting.
- 7
Relation Insurance Services has acquired a family-owned insurance agency in Pennsylvania, continuing the brokerage's pattern of growth through acquisitions. The deal adds the agency's book of business and local client relationships to Relation's national platform. Financial terms of the transaction were not disclosed. Industry observers track such deals closely as consolidation continues across the US insurance brokerage sector.