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Meet Amplifair: Transformative AI for Hidden Risk and Profitability

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By on AI, Articles, ITC convention

In this edition of our series on the Israeli Insurtech delegation heading to ITC Vegas in October 2024, we’re excited to showcase the forward-thinking companies transforming the insurance industry. This time, we turn our spotlight to Amplifair, exploring their journey, challenges, and groundbreaking technologies through detailed interviews. Company Overview  Can you briefly describe your company and its mission? Amplifair: Our mission is to help enterprises get automatic visibility and control over hidden risk, sales, and churn trends, and so significantly improve their profitability and market share. I was inspired to do that when understanding that any AI model accuracy can…

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Empathy Partners with PALIG for U.S. Beneficiaries

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By on Health Insurance, Investments, news

Pan-American Life Insurance Group (PALIG), a leading insurance carrier, will now offer Empathy, the comprehensive support system for loss, to provide holistic bereavement care for beneficiaries. Through this collaboration, Empathy and PALIG will go beyond the financial payout to offer holistic support to PALIG’s U.S. individual life insurance beneficiaries, ensuring they have sustained, comprehensive support as they face daunting emotional, financial, legal, and administrative challenges of loss. Losing a loved one can be an overwhelming experience, and bereaved families often find themselves grappling with significant financial, logistical, and emotional challenges, including closing accounts, managing the estate, and navigating legal processes.…

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Israeli Insurtech Leaders on CNBC’s 2024 World’s Top 150

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By on Articles, news

Israeli innovation continues to make waves on the global stage, with eleven companies being recognized in CNBC’s 2024 report of The World’s Top 150 Insurtech Companies. Compiled in collaboration with Statista, this prestigious list highlights the firms that are at the forefront of transforming the insurance industry through technology. In the face of challenges such as a significant 18% drop in venture capital investment in the first quarter of 2024, Israeli insurtechs are proving their resilience and ability to innovate across various market segments. Digital Insurers This category showcases insurance carriers and Managing General Agents (MGAs) that harness cutting-edge technology…

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Earnix Named in CNBC’s World’s Top Insurtech Companies 2024

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By on news, People

Earnix, the leading global provider of AI-based SaaS solutions for financial services, today announced that it has been included in CNBC World’s Top Insurtech Companies 2024 in partnership with Statista. In its inaugural year’s CNBC and Statista’s World’s Top Insurtech Companies 2024 aims to shed light on the constantly growing and fast changing global insurtech-market by awarding the top insurtech companies in various market segments based on an in-depth analysis and weighting of overarching and segment-specific KPIs (key performance indicators). CNBC partnered with Statista to evaluate more than 1,000 applicants across six different market segments–underwriting and risk analysis; policy administration…

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Meet Seenity: Smarter Risk Assessment Solutions

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By on AI, Claims, Investments, ITC convention, Systems

In this edition of our series on the Israeli Insurtech delegation heading to ITC Vegas in October 2024, we’re excited to showcase the forward-thinking companies transforming the insurance industry. This time, we turn our spotlight to Seenity, exploring their journey, challenges, and groundbreaking technologies through detailed interviews. Seenity is an AI-powered risk management platform dedicated to changing the way organizations assess and manage risk. Our mission is to empower companies with real-time data-driven insights that improve risk assessment visibility, accuracy and profitability. The inspiration for Seenity came from our collective experience in the intelligence, insurance and technology sector. We recognized…

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Ken Rigler Appointed President of At-Bay

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By on news, People

Ken Rigler has been appointed President of At-Bay Insurance, the Israeli cyber insurance unicorn announced today. Rigler brings to the role extensive experience and a proven track record in the commercial insurance industry, which will enable him to continue accelerating the company’s business growth while maintaining the excellent service it provides to its customers. Rigler joins At-Bay with over 25 years of experience in commercial insurance, underwriting, and risk management. In his most recent role, he served as President of General Insurance for North America at AIG, where he managed diverse insurance portfolios worth billions of dollars, including property, casualty,…

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Ahoy! Insurance Announces Yacht Underwriting Offering

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By on Car&Mobility, Investments, news, P&C

Ahoy! Insurance, the tech-driven insurance provider built by boaters for boaters, today announced that it has significantly expanded its offering to boaters and agents, expanding its geographic coverage, insured value limits, and boat sizes. The new offering allows millions of larger boat owners to purchase Ahoy! Insurance’s highly regarded, tech-driven, and user-friendly boating insurance for the first time. The expansion of coverage comes at a critical time for owners of larger boats domiciled in the US,  as they have faced dwindling options with traditional, large insurance carriers that struggle to accurately assess risk retreating from this marketplace. Ahoy! Insurance’s offering…

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Earnix Wins Award for AI Solution

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By on news, People

The fintech company Earnix, which specializes in developing AI technologies for pricing and personalization in the insurance and banking industries, announced today (Monday) that it has won an international award. The company was recognized for the Best AI Solution in the insurance industry by AI Breakthrough, a market research firm that specializes in ranking companies, technologies, and products in the AI field. This year, the competition received 5,000 submissions from 20 countries. Additionally, Earnix was listed among the top 100 companies in the AI solutions sector for financial services (AIFintech100) by Fintech Global. AI Breakthrough awarded Earnix’s Model Accelerator solution…

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Meet Second Nature: AI-Powered Sales Training Platform

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By on AI, ITC convention, news, Systems

In this edition of our series on the Israeli Insurtech delegation heading to ITC Vegas in October 2024, we’re excited to introduce the trailblazing companies that are redefining the insurance landscape. Continuing with Second Nature, we explore their journeys, challenges, and groundbreaking technologies through in-depth interviews. company and mission Second Nature is an AI life-like sales training to role play any conversation. Boost sales, enhance training effectiveness, and increase productivity. Our mission is to revolutionize sales and service effectiveness and productivity. Leveraging cutting-edge AI role plays and lifelike avatars, we deliver innovative training solutions that are both easy and impactful.…

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Q&A with Heli Mirel Inside IDI’s Innovation Hub

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By on Articles, Investments, news, Systems

In this interview, we sit down with Heli Mirel, Department Manager of the Global Innovation HUB at IDI, to explore the inner workings of their cutting-edge innovation hub. Established through a collaboration between Direct Insurance and the Japanese insurance giant MSI, this hub is at the forefront of InsurTech and FinTech innovation. By leveraging the expertise of a joint team, the hub scouts Israeli startups, conducts accelerated feasibility tests (PoCs), and integrates the most promising technologies into the systems of their respective insurance companies, or even considers them for investment. Mirel sheds light on the hub’s collaborative efforts, cultural…

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