In this installment of our series on the Israeli Insurtech delegation attending the upcoming ITC Vegas convention in October 2024, we are thrilled to introduce our readers to the innovative companies reshaping the insurance landscape, continuing  with Five Sigma, and delve into the depth of their journeys, challenges, and cutting-edge technologies through in-depth interviews. Business Challenges and Solutions What are the main challenges you have faced so far? Challenges include convincing traditional insurers to transition from legacy systems to a modern, cloud-based platform and navigating the regulatory landscape across different regions. How have you overcome these challenges? We overcome these…

In this first installment of our series on the Israeli Insurtech delegation attending the upcoming ITC Vegas convention in October 2024, we are thrilled to introduce our readers to the innovative companies reshaping the insurance landscape, starting with Ravin.AI, and delve into the depth of their journeys, challenges, and cutting-edge technologies through in-depth interviews. Ravin AI Ravin AI is at the forefront of revolutionizing the insurance industry by leveraging artificial intelligence to automate vehicle assessments. We help insurers capture a vehicle’s physical condition at the point of inception/underwriting to flag potential risks, as well as streamline a motor claim by…

Transamerica Life’s Senior Director Keith Brown Joins DigitalOwl’s Client Advisory Board. At Transamerica Life, Brown oversees the Medical Department, Risk Management, and Forensic Underwriting teams, managing underwriting auditing and control functions. the company noted that, Keith brings a wealth of knowledge and expertise, particularly in critical thinking and thought leadership. His vast experience, including roles as Chief Underwriter at various companies and most recently as Senior Vice President, Head of Individual Life at Gen Re, will be invaluable as we continue to expand and refine our AI-driven solutions for insurance carriers. Keith is widely respected in the industry for his…

The Israeli Insurtech Accelerator is Announcing the Commencement of the 7th Cohort of the Acceleration Program. Over the next five weeks, their selected startups will delve deep into the insurance industry, gaining insights and guidance from leading international mentors and participating in specialized workshops with our esteemed business partners: BrokerTech Ventures, AIG, IAG Firemark Ventures, Lloyd’s, Aon Reinsurance Israel, Sompo Digital Lab Tel Aviv, Unum, AF – Group, Migdal Insurance, IDI, Dell Technologies, Sapiens, Microsoft, Milliman, McDermott Will & Emery, Gross Orad Schlimoff & Co., ReSource Pro, EasySend, and Meitar Law Offices. Kobi Bendelak, CEO of Insurtech Israel, said, “This…

The leading in-home senior care franchise is rolling out advanced artificial intelligence technology across the country to enhance care and safety for seniors around the clock. BLUE BELL, Pa., June 12, 2024 /PRNewswire-PRWeb/ — Griswold, a pioneer in non-medical senior care, is thrilled to announce its national partnership with Sensi.AI, expanding the innovative 24/7 in-home technology to several new locations across the United States. This strategic alliance has been embraced by multiple offices across the U.S., with plans to roll out further within the Griswold franchise network. “We are excited about our preferred partnership agreement with Sensi.AI — they provide virtual care assessment…

For the first time in Israel, the Israeli insurtech company MediMe is launching an innovative platform for insurance agents, focusing on the marketing and sales of health policies using advanced AI technology. The MediMe.AI system uses artificial intelligence to learn and analyze the entitlements of various policies, organize the data for the agent’s use, and compare different policies. MediMe.AI allows any insurance agent, without any technical background, to perform complex analyses that until now only large, expensive, slow, and complicated commercial systems could do. It is reported that MediMe.AI operates quickly and accurately, reducing the agent’s work time by 80%,…

NEXT Insurance, a leading digital insurer transforming small business insurance, announced the availability of its Business Owner’s Policy (BOP), a comprehensive insurance solution designed with the specific needs of small businesses in mind. Building upon NEXT’s AI-powered, proprietary platform and underwriting expertise, NEXT’s BOP offering enables agents to easily provide their small business clients with liability and property insurance coverage under a single policy that is simple to quote, bind and manage. NEXT’s BOP is particularly ideal for ‘main street’ small businesses, including restaurants, retail, and professional services. It combines the insurance coverage they most often need to protect their standard business operations and allows…

Binah.ai, the leading provider of artificial intelligence (AI)-powered health and wellness check software, announced today that its technology now allows organizations to conduct respiratory health checks by simply having users cough into a smartphone microphone. The initial respiratory health indicators detect smokers and assess tuberculosis risk, with additional indicators expected to be available by the end of the year. Binah.ai’s technology empowers organizations to enable anyone to measure and share a wide range of health and wellness indicators using a camera-equipped device such as a smartphone or tablet. The software-based solution measures important health data, including blood pressure, heart rate,…

Earnix, the leading global provider of AI-based SaaS solutions for financial services, today announced that it has entered into a strategic collaboration with Verisk, a leading global data analytics and technology provider. This integration will enable Earnix to integrate Verisk’s ISO Electronic Rating Content™ (ERC™) into its pricing and rating platform, empowering insurers to enhance accuracy, reduce delivery time, facilitate regulatory compliance, and drive better business outcomes in the commercial insurance market. With this integration, commercial line insurers can leverage Earnix’s end-to-end solution for advanced analytics, rating and pricing while also operationalizing the strategic value of Verisk’s ISO ERC™ all…

  At-Bay, the insurance provider for the digital age, announced today the expansion of its Cyber and Tech E&O Excess & Surplus coverage to businesses with up to $5B in revenue with aggregate limits up to $10M, in addition to other coverage enhancements.1 This expanded appetite and higher limit will enable brokers to offer At-Bay’s market-leading InsurSec solution to even more mid-market and enterprise businesses. “We’re proud to expand our coverage capabilities to larger enterprises,” said Michael Drummond, Head of Cyber and Tech E&O at At-Bay. “At-Bay’s companies now provide robust insurance coverage to more mid-market businesses, with seasoned underwriters…