Good morning, ! It’s Wednesday and we’re diving into the electric vehicles insurance conundrums. Global cyber insurance GWPs reached $32.4B, and L&A carriers are doubling down on platform design.

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DATA DIVE

EV Insurance: From Niche to $500B Norm

The EV insurance market is shifting from buzzword to behemoth. The TAM jumped from $40.5B in 2023 to a projected $508.7B by 2024. That’s not a typo — it’s a CAGR of ~16%, powered by EV adoption and rising premiums. A Tesla Model 3 now costs ~44% more to insure than a gas vehicle, driven by repair complexity and battery risk. While Norway and China lead on units sold, the U.S., Singapore, and Luxembourg are best poised for insurance growth, thanks to a strong blend of energy infrastructure and insurance maturity. For underwriters and Insurance investors: this is your pre-IPO Tesla moment. (Dive Deeper: Access the Full EV Insurance Market Report)

TREND OF THE WEEK

Outsourcing Meets Modernization: L&A Carriers Double Down on Operational Agility

As higher interest rates buoy returns and temporarily boost margins, Life & Annuities carriers are quietly shifting their strategic focus from yield-chasing to operational reinvention. The data speaks volumes: 60% of carriers now outsource sales and marketing, followed by billing (54%) and underwriting (50%), according to Deloitte.

Behind this trend is a recognition that neither the COVID-era surge in mortality product sales nor rate-driven savings inflows are sustainable long-term growth drivers. Carriers are modernizing legacy infrastructure, not through full-core conversions, but API-based overlays, digital-first distribution, and outsourcing models that reduce costs and increase scalability.

Add to this a $25T mortality coverage gap in the U.S. and a $70T global retirement savings shortfall, and it’s clear: the real upside belongs to carriers that invest in predictive tools for brokers, streamline policy issuance, and bring straight-through processing to life and annuity transactions.

Bottom line: The future of L&A isn’t just in product design, it’s in platform design (Access the Full L&A Strategy Report).

PRESENTED BY BUILD WEALTH

WSJ Bestselling Author Walker Deibel’s BuildEnergy Fund Leverages 4-Decade Track Record (Over 80% Subscribed!)

​B​uildEnergy Fund I is officially open to accredited investors​! This $100 million cashflowing fund offers family office terms and 30%+ IRR to its investors. 

Why ​i​nvest? ​Walker Deibel, the serial entrepreneur, WSJ bestselling author, and founder of Build Wealth sees this fund as hitting all facets of his Growth Predictor Framework:

• Experienced Operating Team – A 4-decade / 6-fund track record of strong returns, including IRRs averaging 50%

• Attractive Returns – Prior fund is already cash flowing 15% cash-on-cash, and estimated 35% IRR only 18 months in.

• Institutional-Level Terms – Direct access to a $5M family office buy-in structure, reflecting a 7% immediate paper gain on a minimum $50,000 investment.

• Focused Sector Approach – A strategic, supply / demand imbalance play, acquiring $100 million roll-up of oil wells during a buyer’s market.

​If you’re an accredited investor, you can get access to the data room here:

Discover the deal 

For questions, reach out to Mike Brown, Head of Investor Relations: [email protected]

MARKET MOVERS

INSURTECH CORNER

Cyber GWP Is Going Parabolic, Are You Positioned?

The global cyber insurance market is projected to more than double from $15.3B in gross written premiums (GWP) in 2024 to $32.4B by 2030, according to Munich Re. That’s not just growth,  it’s a structural repricing of risk in a digital-first economy.

Why it matters: Cyber is no longer niche. As ransomware attacks scale, regulatory frameworks tighten, and businesses scramble for financial protection, cyber coverage is fast becoming a C-suite imperative. Premiums have climbed steadily since 2017, and underwriting capacity is expanding, but not fast enough to outpace demand.

Carriers and MGAs moving early are reaping the benefits: high-margin products, steep rate hardening, and insatiable appetite from middle-market and enterprise buyers. Meanwhile, reinsurers and alternative capital are quietly building cyber-linked structures, betting that this line could evolve like catastrophe risk once did.

Bottom line: This isn’t a hype cycle, it’s a $30B inevitability. If your portfolio doesn’t include exposure to cyber, the time to underwrite is yesterday. (Unlock Key Insights)

DEAL OF THE WEEK

$100M IPO Filed in Florida: American Integrity Insurance Steps Up

Florida-based American Integrity Insurance Group just filed to raise $100 million in an IPO, aiming to join the NYSE under ticker AII. Founded in 2006, the company provides residential property insurance—mostly to folks braving Florida’s climate roulette. They clocked $204 million in revenue last year and claim to be the 7th-largest residential writer in the state. The underwriters? A full dance card including KBW, Piper Sandler, William Blair, and Raymond James as bookrunners on the deal. No pricing yet, but it’s a clear signal: specialty insurers in catastrophe-prone zones may still have public market appeal—even with the state’s shaky track record on solvency. (More)

TOGETHER WITH SYNTHFLOW

The Playbook for Tomorrow’s Voice-First Enterprises

Voice is the most natural, accessible interface—already used across 8.4 billion devices worldwide.

This guide reveals how leading enterprises are capitalizing on the shift to voice to reduce missed calls, improve customer access, and deploy scalable AI agents in just weeks.

From strategy to execution, learn how to turn voice into a competitive edge for your business.

Get the full guide

MACROECONOMICS

Tariffs and Inflation: The Squeeze on Consumer Wallets

Higher inflation is back on the menu — and this time, your washing machine is leading the charge. Blanket China tariffs are poised to lift consumer prices by ~1.5%, with household appliances spiking 12% and other goods like phones and luggage nearing 8%. This isn't just an import cost story; it's a squeeze on real disposable income, which is set to shrink even before the full effect of tariffs hits. Add rising interest rates and softening labor markets, and you're looking at a textbook case of consumer demand erosion. One silver lining? Services may benefit as buyers dodge pricy goods — a classic substitution play.

INTERESTING ARTICLES

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How Are AI, Parametric Models, and Emerging Tech Reshaping the Insurance Industry in 2025?

How Would the Secure Family Futures Act Reshape Tax Rules for Life Insurers' Debt Investments?

TWEET OF THE WEEK

"The golden rule for every businessman is this: Put yourself in your customer's place."

Orison Swett Marden