VOOM is excited to announce a new partnership with Solo, a revolutionary platform designed for gig workers and rideshare drivers. This collaboration aims to offer affordable insurance options to gig workers. Solo’s commitment to enhancing the earnings and efficiency of gig workers aligns perfectly with VOOM’s mission. Solo, trusted by over 250,000 gig-workers, is renowned for its ability to maximize the potential of gig workers through its pay guarantee and real-time market insights. By integrating VOOM’s innovative insurance products, Solo is taking a significant step towards increasing the financial well-being of its users. This partnership is a testament to both companies’…

Hobbled by Aging Technology, 99 Percent of Insurance Organizations Plan on Making Significant Upgrades to their Core Management System Seventy-five percent of Insurance organizations worldwide are preparing to implement new core insurance management platforms in the next two years. That’s one of the key findings in a comprehensive new report commissioned by Novidea, creator of the cloud-based, data-driven insurance management platform for brokers, agents, MGAs/MGUs, carriers, and wholesalers. The report, Legacy Out, Digitalization In: The State of Modern Insurance Technologies 2024, is based on data collected in a 2023 survey of 330 full-time, C-level insurance leaders across eight countries. The…

Five Sigma, a pioneer in cloud-native claims management solutions, is excited to announce a strategic partnership with Odie Pet Insurance, a full-service pet health insurance company on a mission to democratize pet insurance and remove the financial burden for pet owners by providing greater coverage flexibility and affordable premiums. This collaboration marks a significant leap forward in reimagining pet insurance claims processes and enhancing operational excellence across the industry. Five Sigma’s innovative Claims Management System is tailored specifically for property & casualty insurance companies and uniquely aligns with Odie Pet Insurance’s mission to redefine the pet insurance landscape. This partnership…

Predicta Med is thrilled to announce that it has emerged victorious in the highly competitive Israel Innovation Authority (IIA) grant competition. This significant accolade comes as part of the IIA’s commitment to invest 400 million NIS in groundbreaking Israeli startups, a response to the challenges posed by the Haravot Barzel war.

YuviTal Work, a leading provider of employee well-being solutions, is proud to announce its collaboration with JusTT, a dynamic company specializing in chargeback management. JusTT has selected YuviTal Work as its chosen wellbeing solution to enhance the well-being of its employees. About JusTT JusTT is a forward-thinking company dedicated to simplifying the complex process of chargeback management on behalf of merchants. With a focus on speed, simplicity, and hands-free solutions, JusTT brings a wealth of experience and cutting-edge technology to address payment disputes effectively. YuviTal Work as the Chosen Well-being Solution Recognizing the importance of employee well-being, JusTT has onboarded…

DigitalOwl, a startup developing a platform used by insurance companies for in-depth analysis and summarization of medical cases, has raised $12 million in a strategic investment from RGA, one of the world’s largest reinsurers specializing in life and health insurance. RGA will integrate DigitalOwl’s technology into its core underwriting systems as part of a long-term global partnership, aiding the continued development of the platform. This deal brings the total capital raised by the company to over $38 million since its inception. Previous investors include Insight Partners, Fusion, Ibex Investors, Amnon Shashua, and Menorah Mivtachim. DigitalOwl’s platform allows insurance companies to…

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, and carriers, today announces its launch into the Southeast Asian market, starting in Hong Kong and Singapore. This geographical expansion supports Novidea’s strategy to become the leading provider of core platforms for insurance organisations, worldwide. According to analytics specialist GlobalData, Singapore’s general insurance industry is set to grow by 7.2% by 2026, fuelled by private health and major infrastructure projects. The firm forecasts that the industry in the region will grow from US$3.5bn in 2021 to US$5.1bn in 2026. “At Novidea, we are seeing an urgent…

The funding, which comes less than a year after the company’s launch from stealth, will enable Guardz to expand its holistic platform for MSPs to seamlessly manage small business cybersecurity TEL AVIV, Israel, Dec. 13, 2023 /PRNewswire/ — Guardz, the cybersecurity company securing and insuring small businesses, today announced that it has raised an $18M Series A round led by Glilot+, the early growth fund of Glilot Capital Partners. Guardz’s existing investors Hanaco Ventures, iAngels, and GKFF Ventures participated in the oversubscribed round and were joined by new investors ClearSky. The investment comes less than a year after Guardz launched with $10M in seed funding, bringing its total funding to date to $28M. Since emerging…

Artificial Intelligence (AI) is the hot topic in the hi-tech industry. Every other start-up boasts about using AI and seeks to leverage vast amounts of existing data to tailor and refine the services it provides. We are witnessing a highly charged discourse regarding the risks and dangers associated with the use of AI. We all remember the storm that the OpenAI GPT-3 unleashed upon the world (Recall? It happened just a few months ago – before October 7th…). Like many things in our world, one way to limit and regulate risks is through legislation. So, we checked what Israeli legislation…