Guardz, a startup positioning itself as an all-in-one cybersecurity platform for small- and medium-sized businesses, has secured $56 million in a new round of financing led by ClearSky. The Israeli company said the Series B raise included equity stakes for new backer Phoenix Financial and returning investors Glilot Capital Partners, SentinelOne, Hanaco Ventures, iAngels, GKFF Ventures and Lumir. Guardz has raised about $85 million in a little over two years. Founded in May 2022, Guardz sells an AI-native detection-and-response platform built expressly for managed service providers that look after small and mid-sized businesses. The company said its cloud-delivered service folds…

A moment of pride for Israel’s thriving innovation ecosystem: Kobi Bendelak, CEO of InsurTech Israel, has been selected as one of the 200 most influential voices in global insurance and insurtech for 2025, according to the prestigious annual list published by The LHoFT – one of Europe’s leading fintech and innovation platforms. This global list features top executives from the world’s largest insurers – including AXA, Zurich, Generali, Travelers, Allianz, and Farmers – alongside leaders from major brokerage firms, regulators, academics, and groundbreaking entrepreneurs from more than 40 countries. Together, they represent the driving force behind the transformation of the…

Jungo (TASE: JNGO), a leader in AI-based fleet safety, video and telematics technology, announced today a new partnership with GPS to GO, a prominent Canadian telematics provider, to distribute and support VuDrive across the U.S. and Canadian market. Jungo’s flagship AI video telematics platform, designed to prevent accidents, reduce insurance costs, and give fleet managers location and telematics information – all using a single, affordable AI camera. With real-time alerts, dual-camera coverage, vehicle telematics, and a robust cloud platform, VuDrive transforms even entry fleets to improve safety, monitor vehicle location and telematics, all avoiding stacked solutions or gateways previously needed. These…

Cyberwrite, a leading provider of cyber risk modeling, has expanded its partnership with Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), to enhance the capabilities of its underwriting, broker enablement, and cyber risk modeling across Europe. Markel Europe has been utilizing Cyberwrite’s AI-driven technology to help underwriters understand and model exposures and communicate findings to underwriters, brokers, and clients. This integration enables Markel to gain insights using predictive cyber risk analytics for any business worldwide, driving down loss ratios and enabling data-driven underwriting in seconds. The data and analytics further enable next-gen cyber catastrophe modeling. “Cyberwrite is proud…

Japanese insurance giant Sompo is closing its innovation arm in Israel — Sompo Digital Lab Tel Aviv. Over the past seven years, the local innovation lab facilitated partnerships with Israeli startups such as TytoCare, Planck, Parametrix, GeoX, and EasySend. The lab, managed by Yinon Dolev, employed around 13 people in Israel. In a statement, Sompo International said: “As part of a global organizational restructuring and efficiency process, Sompo has made the difficult decision to shut down its innovation lab operations in Israel. We extend our gratitude to the team for their years of contribution.” The company added that all…

Earnix, a leading global provider of intelligent decisioning Software-as-a-Service (SaaS) solutions for regulated industries, and ValueMomentum, a global services and solutions provider exclusively focused on property and casualty (P&C) insurance, today announced a partnership to help P&C insurers drive greater results across rating and underwriting. The partnership combines Earnix’s modern SaaS solution for pricing, rating, and underwriting with ValueMomentum’s deep knowledge of the product and underwriting life cycle to help insurers yield accurate, high-value outcomes. While the P&C insurance industry in the US saw improvements in 2024 over the $24.6 billion underwriting loss of 2023, better risk selection, pricing, and underwriting…

Pontera, the fintech company enabling financial advisors to securely manage workplace retirement plan assets for participants, and World Investment Advisors, LLC (World), a leading financial advisory firm and one of the nation’s foremost providers of retirement plan focused advice today announced a strategic technology partnership. As part of the agreement, World’s extensive network of over 350 financial advisors will now have access to Pontera’s platform, allowing them to manage seamlessly, trade and report on clients’ held-away 401(k)s and other workplace retirement accounts. The partnership demonstrates World’s commitment to providing its advisors with the tools they need to give clients a…

We’re pleased to announce that Aflac is deepening our partnership to further support families during life’s most challenging moments. Aflac’s mission is to provide financial protection and peace of mind for individuals and their families when they need it most, aiming to close the health and wealth gap so that policyholders can focus on recovery rather than financial stress. Since last year, Aflac has offered Empathy’s comprehensive bereavement support services to its beneficiaries, helping families navigate the emotional and administrative burdens that follow the loss of a loved one. As part of our expanding partnership, starting this July, Aflac will also provide Empathy…

Lemonade, the AI-driven digital insurance company, today (Tuesday) reported its results for Q1 2025: A 27% increase in In Force Premium (IFP), reaching a total of $1.008 billion — crossing the $1 billion milestone for the first time, 8.5 years after selling its first policy. Revenue grew 27% to $151.2 million. Gross profit rose 11% — despite the California wildfires — to $38.6 million, while adjusted gross profit grew 25% to $46 million. The loss ratio (claims paid vs. revenue) for the quarter stood at 78%, including wildfire impacts, while the trailing 12-month figure is 73%. An adjusted EBITDA loss…