Breeze, a leading digital cargo insurance platform, has announced its integration with WebCargo by Freightos. The partnership enables freight forwarders to instantly purchase insurance for shipments via Breeze directly through the WebCargo platform. Leveraging Breeze’s advanced technology, freight forwarders can now significantly reduce policy costs and booking times. According to reports, WebCargo, this integration streamlines the insurance process, offering a more efficient solution for managing cargo insurance. Leveraging Breeze’s advanced technology, freight forwarders can now significantly reduce policy costs and booking times, thereby enhancing their efficiency. Initially, Breeze’s integrated insurance offering on WebCargo will be available to forwarders in the…

Cytactic, the platform pioneering cyber crisis readiness and management, announced today a $16 million seed funding round led by Evolution Equity Partners, a renowned cybersecurity venture capital fund. Businesses are scrambling to fortify their defenses against cyber threats, recognizing the widespread impact and complexity of such crises. However, studies show that most companies are not resilient in case of a cyber crisis. A new approach is crucial—one that integrates cyber crisis preparation, response management, and recovery into a unified, user-friendly platform accessible to all relevant roles and market sectors. This is where Cytactic comes in. Cytactic, a market-leading SaaS platform is an innovation-forward,…

Parametrix, a specialist in parametric cloud downtime cyber insurance and reinsurance protection, has secured a $50 million cover for a US retailer, with the assistance of Aon, Howden and with a range of re/insurers backing the deal. Parametrix is a managing general agent (MGA) and Lloyd’s coverholder that specialises in providing cyber risk cover against cloud downtime, with its products structured on a parametric basis. Previously, Parametrix was behind the first cloud outage catastrophe bond, a $13.75 million Cumulus Re (Series 2024-1) transaction that was privately placed using reinsurance firm Hannover Re’s Bermuda transformer Kaith Re Ltd. While this $50 million deal…

Click-Ins, the global leader in AI-driven vehicle inspections, is pleased to announce a partnership with DZI Insurance, KBC Group’s Bulgarian insurance franchise. This collaboration leverages Click-Ins’ advanced AI vehicle inspection technology to streamline DZI’s insurance claims processing, enhancing efficiency and customer satisfaction. Click-Ins’ AI-powered platform provides detailed, precise assessments of vehicle damage, enabling DZI to process claims faster and more accurately. Click-Ins speeds up the evaluation process and enhances the accuracy of damage assessments, ensuring fair and rapid settlements for customers. “We’re proud to partner with DZI and bring our AI-driven vehicle inspection capabilities to their insurance operations,” said Eugene Greenberg,…

In a groundbreaking move, Five Sigma, an AI-Native claims management software company, unveiled “Clive” ™, the insurance industry’s first AI-powered Insurance Adjustment Agent, designed to transform the claims processing landscape. Clive’s revolutionary capabilities leverage the power of artificial intelligence and automation to redefine how claims are handled by insurers, MGAs, and TPAs, setting new benchmarks in efficiency, accuracy, and cost reduction. AI is Poised to Transform the Insurance Industry According to many analyst reports, the future of insurance and claims management is poised for a significant transformation, driven by the integration of AI and automation technologies. According to a report by Accenture,…

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 SeismicAI, and delve into the depth of their journeys, challenges, and cutting-edge technologies through in-depth interviews Company Overview SeismicAI, founded in 2014, is a provider of innovative earthquake early warning systems (EEW). The company’s EEW as-a-service solutions accurately alert anywhere in the world. Its offices are located in Israel, the US and Mexico, and its installed base includes Italy, Mexico, Canada, the Philippines,…

Cytactic, the platform pioneering cyber crisis readiness and management, announced today a $16 million seed funding round led by Evolution Equity Partners, a renowned cybersecurity venture capital fund. Businesses are scrambling to fortify their defenses against cyber threats, recognizing the widespread impact and complexity of such crises. However, studies show that most companies are not resilient in case of a cyber crisis. A new approach is crucial—one that integrates cyber crisis preparation, response management, and recovery into a unified, user-friendly platform accessible to all relevant roles and market sectors. This is where Cytactic comes in. Cytactic, a market-leading SaaS platform is an innovation-forward,…

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 Connected Insurance, 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? Connected: Connected is a leading provider of artificial intelligence that optimizes better mobility insurance. We empower fleets and OEMs with comprehensive solutions and intelligence to minimize risk costs, maximize fleet safety, and streamline insurance operations.…

Israeli startup Entrio, the responsible tech adoption platform, today launched Entrio Copilot, an AI assistant designed to transform the way financial services organizations navigate and adopt technology. Enterprises today face increasing complexity in their tech stacks, making it crucial to stay ahead with the right technology. However, keeping track of every innovation can be overwhelming. Entrio Copilot eliminates the hassle of tech decisions, making exploration, evaluation, and integration effortless. “We believe Entrio Copilot will revolutionize how our customers approach their tech strategies, providing them with the insights and confidence they need to stay ahead in a rapidly evolving landscape.” -…

weSure Global Tech Group announces a significant and strategic investment Agreement with a AmTrust a leading American financial and insurance institution. AmTrust is expected invest a total of ~ NIS 72.6 million in weSure Global Tech’s share capital in two stages. Initially, an investment through a private placement of NIS 16 million will be made , at a price of NIS 3 per share, up to a holding of about 5% of the company’s share capital. In the second stage, which is subject to regulatory approvals, an additional 10% share holding will be issued to AmTrust, for the investment of…