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…

ifeel is the leading European mental health solution for enterprises and insurance companies looking to save costs on risks associated with mental health. ifeel solves the resource allocation and mental health supply problem by utilizing an AI-powered diagnostic system and a modular mix of self-care, chat, and video therapy options for the end-user. ifeel provides unique clinical and costs savings insights to its partners by measuring, understanding and preventing risk. All of ifeel’s products are clinically validated and backed by research. ifeel´s customers include leading insurance companies and large enterprises like Glovo, Insud Pharma, SCOR SE, Cabify, Travelperk, H&M,…

NEXT Insurance, a leading digital insurer transforming small business insurance, unveiled a breakthrough technology-enabled solution designed to modernize the insurance experience. Building upon NEXT’s AI-powered proprietary platform and underwriting expertise, this new solution instantly generates accurate and customized insurance quotes, saving customers valuable time that would otherwise be spent on a lengthy application process. Available to various industries, including accountants, event planners, food trucks, and more, this offering utilizes a customer’s data from LegalZoom and other sources to provide that customer with a tailored quote in seconds, all presented natively within the LegalZoom user ecosystem. This solution leverages NEXT’s deep-rooted…

Healthee, the game-changer in employee health benefits solutions, is thrilled to announce its exciting partnership with Johnson & Dugan, the dynamic brokerage renowned for its innovative approach to employee benefits. This collaboration is set to shake up the industry and bring unprecedented ease and efficiency to Johnson & Dugan’s valued clients. At the heart of Healthee’s offering is its AI-powered platform, a leader in the employee health benefits realm. Healthee’s robust platform puts the power back into the hands of employees. With Healthee, employees gain instant access to vital information regarding their health benefits, helping them make informed decisions about…

Driver Technologies (Driver), an AI-based mobility tech company that delivers a safer, connected driving experience, and VOOM Insurance, an insurtech company that provides data-driven, usage-based insurance products for the future of mobility, today announced their new partnership to help more rideshare drivers get the tailored auto insurance they need while providing them with the technology to enhance their driving safety on the roads. VOOM Insurance offers insurance to rideshare drivers in Arizona, Colorado, Maryland, Nevada, Tennessee, Minnesota, and Georgia and will offer more states soon. VOOM provides premium access to the Driver app and the option to receive a lower deductible on…

The strategic partnership between INIC and Five Sigma supports effective claims management for high-value, complex claims. Indemnity National Insurance Company (INIC), a leading provider of commercial excess liability insurance, has partnered with Five Sigma to overhaul its claims management system. INIC uses Five Sigma’s robust, AI-Native claims platform to streamline complex claims processes, enhance operational efficiency, and improve customer satisfaction. Looking for Effective CMS with Smooth Integrations INIC specializes in handling complex high-value excess insurance claims across more than 40 states. The company’s previous claims management system involved several manual processes and disconnected operations that affected its efficiency. INIC’s challenge…

Five Sigma, a leading provider of an AI-native claims management platform, is thrilled to announce that Tego, a prominent medical malpractice underwriter in Australia, has chosen Five Sigma’s platform to modernize and streamline its claims management processes. Tego is Leading MedMal Insurance in Australia Tego Insurance (Tego) is a specialist medical malpractice underwriter serving the Australian healthcare industry. Tego offers competitive premiums, unparalleled quality of cover and specialist claims support backed by leading healthcare lawyers. Tego provides comprehensive coverage to medical practitioners and clinics, ensuring top-tier protection and support. The medical malpractice insurance market in Australia, valued at approximately AUD…

Amid the challenges of the last quarter, Israeli insurtech startups have outdone themselves, showcasing their resilience and innovation. During the quarter, five exceptional startups collectively raised over $200 million in Series A and B funding rounds. This figure underscores the potential within the Israeli ecosystem in this field.  The standout companies that secured significant funding are Healthee, DigitalOwl, Antidote Health, Honeycomb Insurance, and Novidea. Each of these companies demonstrates innovation in digital health and health insurance, offering advanced technological solutions that are reshaping the insurtech landscape. Kobi Bendelak, CEO of Insurtech Israel, stated that the tech ecosystem in Israel, particularly…

New Annual InsurSec Report Provides Detailed Anatomy of Ransomware Attacks; Reveals Ransomware Didn’t Just Grow in 2023, It Evolved   At-Bay, the InsurSec provider for the digital age, today released its 2024 InsurSec Report, which details new trends in ransomware attacks against mid-market and emerging businesses. One major finding from the report, which analyzes At-Bay’s ransomware claims data from 2022 to 2023: Ransomware didn’t just grow in the US in 2023, it evolved, with the frequency of ransomware claims jumping 64% year-over-year. This was primarily driven by an explosion in “indirect” ransomware incidents which increased by more than 415% in 2023…