Japanese insurance giant Sompo continues to connect between Japan and early stage, innovative Israeli technology companies, and on this occasion to benefit the environment and prevent continued global warming: In the global race to reduce carbon footprints in order to slow down global warming, Japan is participating this year, more than ever, and this is due, among other things, to the growing presence of Japanese owned energy production sources and gas pipelines beyond Japan’s borders. This situation exposes those Japanese companies that operate gas rigs and pipelines to fines and sanctions from the government of the territory in which they…

DigitalOwl, a company that specializes in utilizing technology to interpret and transform medical records into a completely digital, comprehensive and interactive abstract, today announced that it has been selected as winner of the “Best Overall NLP Company” award in the seventh annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today. DigitalOwl’s proprietary Natural Language Processing (NLP) platform for medical records automatically analyzes medical documents, transforming both structured and unstructured data into concise summaries and spreadsheets – within hours. The platform’s…

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, carriers, and wholesalers, today announced the strategic acquisition of Docomotion, an automated document generation technology provider. The acquisition of Docomotion is the latest in a series of strategic moves by Novidea in its journey to become an insurtech industry leader. The transaction is set to close within the week. The acquisition will accelerate product innovation and create unparalleled value to customers, adding new capabilities to Novidea’s award-winning insurance management platform, including automated forms processing, design, management, and e-signatures. Docomotion’s customers will benefit from a broader product…

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for insurance agencies, brokers, carriers, and MGAs/MGUs, announced that Madanes Insurance Agency, a leading insurance broker specializing in large and complex insurance schemes in the property, liability and health sectors, as well risk management and claims management, has gone live with its insurance management platform. Madanes has a large and diverse customer base and responds to thousands of inquiries daily. Given Novidea’s experience with global insurance organizations and its end-to-end support for the insurance distribution lifecycle, Madanes selected the Novidea platform, which is now fully operational and serves hundreds…

Guardz expand their presence into the Canadian market through an exclusive partnership with iON United Inc. (iON), one of Canada’s leading cybersecurity solutions providers. This collaboration is not just a strategic move; it’s a leap forward in our mission to empower small and medium-sized businesses (SMBs) with top-tier cybersecurity solutions. Guardz and iON: A Synergistic Partnership Guardz and iON are coming together to launch iON Guardian, a powerful new platform designed to address the unique cybersecurity challenges faced by SMBs. This partnership leverages Guardz’s innovative, AI-powered technology with iON’s extensive local network and deep understanding of the Canadian market. “We’re…

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 Five Sigma, and delve into the depth of their journeys, challenges, and cutting-edge technologies through in-depth interviews. Business Challenges and Solutions What are the main challenges you have faced so far? Challenges include convincing traditional insurers to transition from legacy systems to a modern, cloud-based platform and navigating the regulatory landscape across different regions. How have you overcome these challenges? We overcome these…

In this first 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, starting with Ravin.AI, and delve into the depth of their journeys, challenges, and cutting-edge technologies through in-depth interviews. Ravin AI Ravin AI is at the forefront of revolutionizing the insurance industry by leveraging artificial intelligence to automate vehicle assessments. We help insurers capture a vehicle’s physical condition at the point of inception/underwriting to flag potential risks, as well as streamline a motor claim by…

Transamerica Life’s Senior Director Keith Brown Joins DigitalOwl’s Client Advisory Board. At Transamerica Life, Brown oversees the Medical Department, Risk Management, and Forensic Underwriting teams, managing underwriting auditing and control functions. the company noted that, Keith brings a wealth of knowledge and expertise, particularly in critical thinking and thought leadership. His vast experience, including roles as Chief Underwriter at various companies and most recently as Senior Vice President, Head of Individual Life at Gen Re, will be invaluable as we continue to expand and refine our AI-driven solutions for insurance carriers. Keith is widely respected in the industry for his…

The Israeli Insurtech Accelerator is Announcing the Commencement of the 7th Cohort of the Acceleration Program. Over the next five weeks, their selected startups will delve deep into the insurance industry, gaining insights and guidance from leading international mentors and participating in specialized workshops with our esteemed business partners: BrokerTech Ventures, AIG, IAG Firemark Ventures, Lloyd’s, Aon Reinsurance Israel, Sompo Digital Lab Tel Aviv, Unum, AF – Group, Migdal Insurance, IDI, Dell Technologies, Sapiens, Microsoft, Milliman, McDermott Will & Emery, Gross Orad Schlimoff & Co., ReSource Pro, EasySend, and Meitar Law Offices. Kobi Bendelak, CEO of Insurtech Israel, said, “This…