An article by Kobi Bendelak, CEO of InsurTech Israel How Could the InsurTech Industry Have Minimized the Damages of the Los Angeles Wildfires? The devastating wildfires in Los Angeles are estimated to have caused immense economic damage, with assessments ranging from $10 billion to $150 billion. AccuWeather, part of the CoreLogic group, estimates the damage closer to the higher end of the range. These estimates take into account the fact that the fires are still active in less than 25% of the area they have covered, making precise calculations difficult. In addition to the direct damage to property, there are…

Driivz, a Vontier (NYSE: VNT) company and part of its EVolve™ e-mobility portfolio and a leading global software supplier to EV charging operators and service providers, today announced a new service offering to provide an end-to-end solution for Level 1 (L1) and Level 2 (L2) support services for EV charge point operators. The solution, which comes as the EV charging industry experiences a clear need for improved performance and customer care globally, is enabled by partnership with Konect and Teletrac Navman Connected Services that provides monitoring and contact center services for over 330k assets already (both Vontier companies). The internationally located call center will provide a…

At Empathy, we’re on a mission to change the way the world deals with loss. Today, we’re excited to announce another step in that journey: our partnership with Sapiens (NASDAQ: SPNS), a global leader in digital transformation for the insurance industry. Sapiens is known for bringing next-level innovation to insurers, using smart, AI-powered solutions to tackle everything from life insurance to property and casualty, and even reinsurance. With their help, insurers around the globe are stepping into the future – just like we’re doing at Empathy. Both Empathy and Sapiens share a common goal: letting technology handle the heavy lifting, so people…

Earnix, a leading global provider of intelligent decisioning SaaS solutions for financial services, is pleased to announce its membership with the Managing General Agents’ Association (MGAA) as a Supplier Member. The MGAA is a prominent association representing over 400 Managing General Agents (MGAs) across the UK and the Republic of Ireland. As part of this vibrant and fast-growing community, Earnix is excited to support the innovation and growth of MGAs with its advanced technology solutions. The MGAA’s mission focuses on providing its members with networking and education opportunities, advocating on behalf of MGAs in the industry, and addressing key issues such as…

Key Trends in 2024: In 2024, artificial intelligence emerged as a dominant force, driving significant digital transformation within the insurance industry. A strong focus on climate solutions and sustainability emerged alongside a wave of new regulations that presented both challenges and exciting opportunities for insurance companies. Research data revealed a 25% increase in the adoption of advanced technological solutions within the Israeli insurance market. The integration of diverse technological fields, including Climatetech, Agetech, Spacetech, and Healtech, fostered groundbreaking collaborations and expanded the range of technologies applicable to the insurance sector. These advancements position Israel at the forefront of global development,…

MediMe is proud to announce an exciting new collaboration with Direct Insurance. Starting January 2025, MediMe will launch a pilot program utilizing its cutting-edge AI technology to revolutionize health insurance processes. The groundbreaking technology developed by MediMe enables fast and precise analysis of health insurance policies, personalized solutions tailored to individual customers, and a significant enhancement in addressing policyholders’ needs. This partnership is part of Direct Insurance’s forward-thinking innovation strategy, led by the company’s VP Technology & Innovation , Raz Bartov, and Head of Development & Innovation, Heli Mirel. “We are thrilled and honored to be part of the insurance…