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…

Pontera, the fintech company helping retirement savers receive professional 401(k) account management from their trusted financial advisor, is pleased to announce the launch of a partnership with Stifel Financial Corporation, a premier full-service brokerage and investment banking firm operating across the United States and abroad. Pontera’s milestone partnership with Stifel was unveiled today by Ron Kruszewski, Chairman and Chief Executive of Stifel, during a mainstage presentation at Blueprint 2024, Stifel’s annual national sales and innovation conference, in Las Vegas. With this collaboration, more than 2,400 Stifel advisors will be able to securely manage 401(k)s for over 200,000 clients through the Pontera platform as part of a…

Click-Ins, the global leader in AI-driven vehicle inspections, is proud to announce the appointment of Charles Lukens as its new CEO as part of its expansion into the United States. After a decade of research and development in Israel to perfect its visual intelligence technology for damage detection and classification, Click-Ins is now headquartered in Kansas City, Missouri, marking a significant milestone in its global expansion strategy. Lukens brings over 25 years of experience in the automotive industry with a distinguished track record in transforming vehicle repair processes through innovative technology. His previous success in leading technology companies, such as APU Solutions, Omadi Mobile Management and…

In the evolving cybersecurity landscape, MSPs stand as the frontline defenders of businesses against various threats. As technology advances and threats become more sophisticated, the need for robust and streamlined security solutions has never been greater. Recognizing this need, Guardz and SuperOps have offered a powerful solution that transforms how MSPs approach security. A Seamless Integration for Enhanced Security By integrating SuperOps into the Guardz platform, MSPs can enjoy a seamless and cohesive security solution that provides automated detection and response across users, emails, devices, and data. Deploy via M365 / Google Workspace to elevate cyber protection and insurance coverage.…

DigitalOwl announced that the company has joined Guidewire’s Insurtech Vanguards program, an initiative led by property and casualty (P&C) cloud platform provider, Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them. “We are excited about being included in Guidewire’s highly regarded Insurtech Vanguards  program,” said Christian Vance, Head of Channels and Partnerships for DigitalOwl. “This inclusion allows us to further bring our groundbreaking AI platform for medical summarization and analysis to insurance claim professionals.” Insurtech Vanguards is a community of select startups and technology providers that are bringing novel solutions to the…

Backed by Zeev Ventures, the fast-growing digital landlord insurance provider will use funding to expand into additional insurance markets and accelerate innovation of AI-powered insurance solutions Honeycomb, a leading, fast-growing digital insurer, announced today that it has raised $36 million in a Series B funding round. The round was led by Zeev Ventures, with the participation of new investors Arkin Holdings and Launchbay Capital. Existing investors Ibex Investors, Phoenix Insurance and IT-Farm also took part in the round. In 2024, finding landlord insurance remains an increasingly challenging task due to the ongoing narrowing appetite among traditional insurers using a “broad brush” approach…

the venture-backed Capitola Insurance has been newly rebranded to Flow Specialty, setting a new standard in the specialty wholesale insurance market. Integrating human expertise with advanced artificial intelligence (AI), Flow Specialty offers faster quotes, transparent communication, and reduced costs, providing unmatched service and access to premier markets. Enhanced Offerings for a Dynamic Industry Flow Specialty tailors its solutions to meet the unique needs of retail agents and carriers with a focus on: Professional Liability Insurance: Broad access across various markets catering to companies with challenging renewal scenarios, legal complexities, or unique operational traits. Management Liability Insurance: Comprehensive coverage for directors and…