Tailored

• Anthropic unveiled 10 new AI agents designed for banks and insurers to automate tasks like building pitchbooks, auditing statements, and drafting credit memos. • Major global firms such as Goldman Sachs, Citi, Visa, and AIG have adopted Anthropic's Claude AI, with banks using the Claude Mythos model for cybersecurity enhancements. • The agents integrate directly with Claude Code and Cowork products, allowing customization to firm-specific policies and styles, accelerating finance sector AI adoption.

• In the first quarter of 2026, AI‑driven insurance technology firms attracted significant capital, including Harper Group’s $47 million seed plus Series A and Indigo Technologies’ $50 million Series B, both focused on AI‑automated underwriting and claims workflows. • Platforms such as Mea Platforms, Pasito, General Magic, and Qumis raised between $4.3 million and $50 million to automate document‑heavy processes, reduce loss ratios, and compress quote and bind times for small and midsize businesses. • Investors are backing U.S.‑based vendors that use AI to scale distribution without proportional headcount growth, reduce friction in benefits selection, and improve risk selection in commercial lines.

Federal Reserve Governor Michelle Bowman supported a proposal strengthening capital requirements for banks' trading desks, calibrated to U.S. capital markets. The rules aim to enhance resilience without stifling market-making activities. This comes amid volatile conditions from geopolitical risks and inflation pressures. Implementation could influence bank profitability and lending in the coming quarters.