Hiscox reports 9.5% premium growth to $4.44bn and cites AI quoting gains of about 75%

A specialty carrier putting a number on AI-driven quoting speed shows underwriting automation is being used to protect expense ratios and responsiveness as pricing softens. Competing insurers and brokers should benchmark their own submission-to-quote cycle times against this figure. The watch point is whether such gains show up in loss and expense results rather than in speed alone.

What Happened

Hiscox grew gross premiums by 9.5 per cent in the first nine months of 2026, with insurance contract written premiums of $4.44 billion, according to the Bermudian-headquartered insurer and reinsurer. Technology initiatives included a new AI-native US direct portal and an AI-assisted submission-to-quote tool, which improved quoting speed by about 75 per cent in terrorism and architects and engineers business. Reinsurance rates declined by 14 per cent over the nine months.

Why It Matters

A specialty carrier putting a number on AI-driven quoting speed shows underwriting automation is being used to protect expense ratios and responsiveness as pricing softens. Competing insurers and brokers should benchmark their own submission-to-quote cycle times against this figure. The watch point is whether such gains show up in loss and expense results rather than in speed alone.

Sources

• The Royal Gazette (opens in a new tab): Hiscox records 9.5% premium growth over first nine months (2026-11-03)

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Key Terms

• AI benchmark: An AI benchmark is a standard set of tasks used to measure and compare model performance, for example on coding, mathematics, reasoning or...

Filed under Financial Markets, AI in Insurance and Reinsurance, Bermuda AI News, Hiscox.

This story is part of the Laurenceo Intelligence briefing for 4 November 2026, a daily sourced briefing on AI, technology and enterprise risk published in Bermuda by Laurenceo, founded by Jorai Laurenceo. It is produced by an automated research pipeline and checked before publication; how this is made. General information only, not legal, regulatory or financial advice.