Plug In & Pay Out: The EV Charging Station Gold Rush for Insurers

Good morning, ! This week we’re unpacking the EV charging stations insurance opportunity. Non-life insurance premiums growth, the global NatCat losses in 2024 inspiring a tech revolution in the field, and the USD vs Gold battle over time.

Want to advertise in Insurance 150? Check out our self-serve ad platform, here.

Know someone who would love this? Pass it along—they’ll thank you later. Here’s the link.

DATA DIVE

EV Chargers: Power Surge, Coverage Gap

With over 17 million EVs sold in 2024, charging stations are becoming the refineries of the electric era. That’s great for mobility—but a growing minefield for insurers. These units are hotbeds for property damage, cyberattacks, liability claims, and business interruption. The infrastructure race is global, but Europe, China, and the U.S. are sprinting ahead, making localized underwriting strategies essential. And with EV stock—not just sales—rising fast, insurers face cumulative exposure that demands both scalable coverage and concentration risk management. TL;DR: every charger installed is another asset in your loss triangle.

Read the Full Report Here

TREND OF THE WEEK

Premiums Hit the Brakes

Global non-life premium growth is still in positive territory—but insurers are clearly easing off the gas. The Swiss Re Institute forecasts North America’s growth rate will fall from 4.7% in 2024 to 1.9% by 2026, and EMEA will mirror the slowdown. Even the usually vibrant Asia Pacific dips from 2.9% to 2.5%, while emerging markets—the industry’s traditional growth engines—slip to 4.1% overall. The slowdown isn’t a crash; it’s a recalibration. Inflation pressures, regulation, and geopolitical fragmentation are reshaping where and how growth happens. Insurers looking to stay ahead won’t find relief in pricing—they’ll find it in product innovation, digital agility, and sharper risk management. (More)

PRESENTED BY VERO3

Wyoming is on the Verge of Becoming A Lithium Powerhouse

America needs 5X more lithium by 2035, but no new mines have opened since 1967. Meanwhile, current extraction methods are slow, waste insane amounts of water, and emit loads of carbon.

So Vero3 devised a way to cleanly produce lithium, generate clean water and permanently store carbon in the process – all from the same 14,000-acre Wyoming site.

This first-of-its-kind project is already validated by $25M in historical funding and projects $183M in annual profit.

This unique project offers exposure to three different markets, each covering a critical need for America. And shares are now open to the public ahead of commercial trials and a targeted 2028 Nasdaq IPO.

Become an Early-Stage Vero3 Investor

_{This is a paid advertisement for Vero3 Limited’s Regulation CF offering. Please read the offering circular at https://invest.vero3.com/. Timelines are subject to change. Listing on the NASDAQ is contingent upon necessary approvals, and reserving a ticker symbol does not guarantee a company’s public listing.}

MICROSURVEY

DEAL OF THE WEEK

Italy's Insurance Puzzle Gets a PE-Sized Solution

Oakley Capital is doubling down on Southern Europe’s fragmented insurance market. Its £10M investment in ONHC, Italy’s private healthcare insurance leader, is the first move under Tiger HoldCo, its newly launched platform targeting specialty insurance services. ONHC isn’t just another broker—it’s a full-stack player, handling everything from consulting to TPA. The kicker? Italy is underinsured, aging fast, and desperate for private options. CEO Filippo Ceppellini stays at the helm, backed by ex-AON exec Enrico Vanin, who will steer M&A. With Italy’s insurance market ripe for consolidation, this deal is more than a bet—it’s a blueprint. (More)

INSURTECH CORNER

Tech-First CAT Claims: From Payouts to Proactive Climate Strategy

Insurtech’s next frontier? Climate resilience. With $318B in global NatCat losses in 2024—and 57% uninsured—insurers are abandoning passive claims processing in favor of proactive tech-driven risk management. The industry's shift from “payer to planner” is being accelerated by a toolbox of emerging technologies: AI/ML for predictive modeling, drones and AR for remote inspections, IoT and blockchain for parametric triggers, and chatbots for multilingual FNOL.

It’s not just efficiency. It’s strategic survival. Parametric insurance is shortening settlement windows, geospatial data is optimizing portfolios to avoid aggregation risks, and smart contracts are unlocking automated, tamper-proof claims flows. Behind the scenes, reinsurance strategies are scaling up with $2.3T+ in global capital, buffering peak-loss years and reinforcing financial resilience.

Bottom line: CAT tech is no longer a niche—it’s foundational. Insurers that integrate AI-first, climate-literate systems into underwriting and claims will be better positioned to withstand the next wave of volatility—and win the trust of both regulators and reinsurers. (More)

TOGETHER WITH SUPERHUMAN AI

Go from AI overwhelmed to AI savvy professional

AI will eliminate 300 million jobs in the next 5 years.

Yours doesn't have to be one of them.

Here's how to future-proof your career:

• Join the Superhuman AI newsletter - read by 1M+ professionals

• Learn AI skills in 3 mins a day

• Become the AI expert on your team

Start learning AI now

MACROECONOMICS

The Re-Golding of Trust

Gold didn’t get the memo about “transitory” inflation. While fiat currencies yo-yo under central bank gymnastics, gold has been playing the long game—quietly climbing past $4,000/oz. Over the past two decades, M2 growth and fiscal overstretch have left the dollar looking solid only relative to other paper. Gold, by contrast, is the only asset that isn’t someone else’s liability—and that’s increasingly how central banks and investors are treating it. The message? Trust, like monetary policy, has a shelf life. As sovereign debt loses its “safe” label, expect gold to keep reclaiming its role as the uncancellable reserve. (More)

COMPLIANCE CORNER

Algorithmic Accountability: No More Black Boxes

When AI underwrites, regulators want to know how. The New York DFS’s Circular Letter No. 7 (2024) and the NAIC’s Model Bulletin on AI are setting a clear precedent: transparency, fairness, and explainability are no longer optional. States like Colorado (SB 169) have already outlawed algorithms that cause unfair discrimination. The message is blunt — “black box” underwriting won’t cut it. Regulators expect bias testing, sensitivity analysis, and validation reports that show why a model made a given decision. Even if you’re using a third-party AI, the accountability sits with you. The real risk now isn’t just compliance failure — it’s algorithmic liability, where a bad model can tank both your balance sheet and your reputation. (More)

INTERESTING ARTICLES

TWEET OF THE WEEK

"To succeed in business, to reach the top, an individual must know all it is possible to know about that business."

J. Paul Getty