Mark Breading, Senior Partner at ReSource Pro, is a visionary in the insurance industry, renowned for his forward-thinking strategies and expertise in integrating technology with business innovation. With a distinguished career spanning roles at IBM and now leading ReSource Pro’s consulting and advisory services, Mark brings unparalleled insights into the digital transformation of P&C insurers. Recognized globally as a top influencer in InsurTech and a mentor in the industry, Mark continues to shape the future of insurance through his pioneering methodologies and strategic leadership. In a recent Q&A session with InsurTech Israel News magazine, he shared exclusive insights and perspectives…

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 Cytactic, and delve into the depth of their journeys, challenges, and cutting-edge technologies through in-depth interviews. Company Overview Cytactic: Our mission is to mitigate the impact of cyber attacks by making cyber crisis readiness and management digital, orchestrated, planned, and smart, utilizing data-driven insights. Inspiration for Starting the Company Cytactic: A cyber crisis is one of the most challenging moments a company can…

Healthee, a leader in employee health benefits solutions, is excited to announce its partnership with Warner Pacific Insurance Agency, a premier agency known for its innovative approach to insurance and employee benefits. This collaboration is set to revolutionize the way employers manage benefits, bringing unparalleled ease and efficiency to employees in navigating their benefits. At the core of Healthee’s offering is its AI-powered platform, a frontrunner in the employee health benefits sector. Healthee’s robust platform empowers employees by providing instant access to crucial health benefits information, enabling informed decisions about their healthcare needs. Whether it’s understanding the cost of medical procedures or locating…

The applications and potential of AI in insurance are infinite, with opportunities to completely revolutionize an outdated industry full of antiquated processes. Insurers are optimistic about incorporating AI and machine learning (ML), but the evolution has only begun. One of the key applications of AI for insurers is intelligent monitoring. Continuously monitoring KPIs and concurrently checking for changes in the data and performance of the various models prevents errors by alerting the business of any changes it detects in real time. While this use case is unanimously agreed upon as a positive application of the technology, only a small portion of…

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 OpenLegacy, and delve into the depth of their journeys, challenges, and cutting-edge technologies through in-depth interviews Company Overview – Can you briefly describe your company and its mission? And what inspired you to start this company? OpenLegacy: OpenLegacy is a cloud-first and AI-based legacy systems integration and modernization platform provider. Our mission is to simplify and accelerate the cloud journey for enterprises with…

Strategic acquisition to significantly expand and accelerate the delivery of AI capabilities across Applied’s global product portfolio Applied Systems (“Applied”) today announced that it has acquired Planck, the leading Artificial Intelligence (AI) company for the insurance industry. This strategic acquisition will significantly expand Applied’s AI capabilities, accelerating its vision for the next generation of the digital roundtrip of insurance and creating more value at every stage of the insurance lifecycle for the benefit of agencies, carriers and their clients. “We believe the time is now to take bold steps to lead the insurance industry in discovering and implementing the benefits AI has…

Sensi.AI, an artificial intelligence company prevalent in the non-medical home care space, has raised $31 million in Series B funding. The company works with the likes of BrightStar Care, Home Instead, Visiting Angels, Griswold and Always Best Care, according to its website. It leverages audio technology to detect abnormal events in a senior’s home. In 2022, the company raised $14 million in Series A funding. The most recent funding round was led by Zeev Ventures and Insight Partners. Existing investors Entrée Capital, Flint Capital, Jibe Ventures and Secret Chord Ventures also participated in the round. “When our customers say that…

Highmark is collaborating with Laguna Health, a conversational artificial intelligence company, to ease the administrative burden on care managers, the companies announced on Wednesday. Pittsburgh, Pennsylvania-based Highmark is an independent licensee of the Blue Cross Blue Shield Association. It has about 7 million members across Pennsylvania, Delaware, New York, and West Virginia. The company offers plans for Medicare, businesses, individuals and families. Laguna Health has a suite of AI-powered products that help care managers identify patients’ risk barriers. Through the engagement, Highmark’s care managers will be piloting Laguna’s conversational AI technology. When Highmark’s care managers speak with patients, Laguna’s technology will transcribe the conversation, give an…

Earnix, the leading global provider of AI-based SaaS solutions for financial services, announced today that it has achieved a Silver Medal from EcoVadis, the world’s most trusted provider of business sustainability ratings. As a Silver Medal recipient, Earnix is among the top 15% of companies rated globally. EcoVadis is the global standard for business sustainability ratings. The EcoVadis assessment evaluates 21 sustainability criteria across four core themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. More than 125,000 companies globally have been rated by EcoVadis. “We are honored to receive this recognition, which validates our dedication to responsible business practices…