NEXT Insurance, a leading technology-first small business insurer, today announced its strategic partnership with Allstate that will combine the companies’ expertise in small business insurance to develop and offer innovative and unique new products to a large underserved market, as well as a commitment to deepening its reinsurance relationship with Allianz. The partnerships come with a $265 million strategic investment from Allstate and Allianz X. Born from a digital-first, data-driven approach to modernize insurance, NEXT’s foundation was built to address the specific needs of small business owners that had previously been unmet. Its use of cutting-edge technologies, like proprietary machine learning algorithms that make getting…

Jungo, a leading global provider of video telematics & accident-prevention systems, announced the launch of its highly anticipated software update, VuDrive Version 3.0. Packed with a range of impressive features and notable enhancements. This release further solidifies VuDrive’s commitment to revolutionizing the world of road safety and driver monitoring. Version 3.0 introduces several significant additions to VuDrive’s already robust platform, elevating the level of security, ensuring a safer and more controlled environment for both drivers and fleet managers. With the unidentified/unauthorized driver detection feature, users receive prompt alerts for any occurrences of unidentified or unauthorized drivers utilizing their vehicles, thereby…

Novidea today announces that it has partnered with QBE Canada (QBE), part of the QBE Group, one of the world’s leading insurers and reinsurers with operations in 28 countries worldwide, to implement its born-in-the-cloud, data-driven insurance management platform. Canada is an important market for growth for QBE. The Novidea platform will enable the insurer to scale its business and manage the end-to-end customer insurance journey and policy management, with seamless automated workflows across the entire insurance distribution. Novidea’s powerful quote and bind functionality will enable QBE to provide greater value and service to their customers. At the same time, workflow,…

Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, today announced a strategic partnership with Surance.io, an innovative personal cyber insurance platform. The companies are collaborating to provide international multilingual tech support and enhance cybersecurity solutions to reinforce secure digital transformation in the insurance sector in the U.S. and global markets. Surance.io will leverage Tech Mahindra’s multilingual support to communicate with their global customers in more than 20 languages, providing seamless services to foster enhanced customer experiences. The partnership aims to protect insurance customers by providing round-the-clock expert support, best-in-class call center services, advanced…

Genie  takes another significant leap in its mission to protect individuals and small businesses from fraudulent attacks. Genie Verification for eMail and Text Messages is now available as a groundbreaking addition to the Genie App, designed to empower consumers and small businesses in the fight against scams. Genie is already renowned for its best-in-class call-blocking capabilities. Now, we are extending our protection to encompass email and text verification, providing our loyal customers with an even more robust defense against scammers. The New Genie Email and Text Verification Feature: No Cost: This enhancement is seamlessly integrated into the existing Genie App…

The Israeli InsurTech Accelerator Today announced: “We are thrilled to announce the extraordinary achievements of The Israeli InsurTech Accelerator in our latest report. As a unique and boutique accelerator program within the insurtech industry, we have consistently driven Israeli insurtech startups to new heights over the span of five cohorts and 2.5 years. Our recently released figures vividly showcase the remarkable progress made by the five accelerator groups and their significant impact on the insurance technology sector”. Key highlights from The Israeli InsurTech Accelerator program include: Continued Success: Out of 25 graduates, 21 companies are thriving, with a combined value…

Name of the Company: Healthee Describe the Company’s Core Activities:  We work to simplify health benefits for Americans who get health insurance through their workplaces. Often, these plans are hard to understand and use, and employees either don’t know what kind of care is available to them, or are too afraid of potential surprise bills. We center our core activities around making benefits easier to understand and use, and less costly for employees and their companies. What Specific Challenges in the Insurance Sector Are You Addressing?:  Our app addresses consumer confusion around coverage, benefits waste, and poor health…

Name of the Company: PureSight Technologies Ltd Describe the Company’s Core Activities: Providing AI-based online child safety services for parents that include practical tools for parents to use on a daily basis, such as: Social protection service that monitors all the conversations of the children on social platforms, like WhatsApp, Instagram, and TikTok, and detects and alerts parents on conversations that require parental involvement Such as cyberbullying, a pedophile that is trying to connect with the child or their exposed to inappropriate or harmful online trends. Content filtering service allows parent to block inappropriate web content from their kids, like…

Name of the Company: OpenLegacy Describe the Company’s Core Activities: OpenLegacy offers a cloud-first legacy integration and modernization platform. OpenLegacy Hub delivers high ROI with a simple, disruption-free, method to generate, extend and manage digital services from legacy systems to the cloud. Jumpstart and optimize your modernization journey and follow it through, no matter the chosen strategy: modernizing in place (hybrid), rehosting/replatforming or even replacing and rewriting the entire application. Each can be simplified and automated to perfect the process drastically eliminating complexity, time, cost, and risk. OpenLegacy’s robust modernization platform is designed to address the painful challenges of complexity,…