Lemonade, the digital insurance company powered by AI and social impact, announced that its reinsurance program has been renewed in good time and on good terms. The Lemonade program is led by the same tier-one carriers as the expiring and was oversubscribed on all dimensions. The centerpiece of the program is 55% quota share protection, the same level as the expiring coverage. The variable ceding commissions are projected to be roughly equivalent to those enjoyed under the outgoing agreements. The program covers all Lemonade businesses globally, now also including Metromile, acquired by Lemonade in 2022. “It says a great deal…

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, and wholesalers, today announces the appointment of Erez Nissim as Chief Technology Officer (CTO). In his role as CTO, Erez will spearhead Novidea’s research and development (R&D) and product development, leveraging 20 years of senior technology expertise. His appointment comes as Novidea bolsters its senior executive team to drive the next phase of global growth. The company recently announced the successful completion of its recent Series C funding round. “Erez’s extensive experience in leading complex software development projects for global companies, from inception to market analysis,…

Lavaa Health Platform presents preliminary results showing that the utilization of Lavaa’s modules dramatically reduced the deterioration of high-risk co-morbid patients by >38%. Therefore, Lavaa’s platform has a positive impact on preventing hospital admission in high-risk patients with multiple chronic diseases. Lavaa offers providers, clinicians and payers the ability to create personalized care programs to unlock early detection of a wide range of chronic, oncological and mental health conditions. Lavaa uses protocols that are certified in the treatment of non-communicable diseases to determine an individual’s risk of developing long-term health conditions. According to the company, It achieves this aim by…

Global PIL, a developer of advanced regulatory and compliance solutions, has announced the launch of a groundbreaking smart search service on the WhatsApp platform. This innovative addition aims to revolutionize the way users utilize regulatory websites, making information retrieval faster and more efficient than ever before. PIL’s new WhatsApp service leverages an advanced search algorithm and artificial intelligence to provide users with intuitive and accurate targeted search experiences. Subscribers can simply send their search terms via chat and receive regulatory documents within seconds. This service is available to all PIL clients across various regulatory databases, including the insurance and savings…

InsurTech firm Lemonade achieves groundbreaking feat, leveraging AI and machine learning to revolutionise claims processing InsurTech firm Lemonade has made a groundbreaking achievement in the field of insurance claim settlement by leveraging the power of AI and machine learning. The company, renowned for its dedication to enhancing through cutting-edge technology, has successfully developed an innovative system that has streamlined and potentially reimagined the insurance claim process. Lemonade’s proprietary claims resolution system has accomplished an astonishing feat by settling a genuine insurance claim within a mere two seconds, shattering previous beliefs that such rapid settlement times were unattainable. This world record-setting…

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform, announced significant new enhancements to its award-winning insurance management software. The enhanced insurance management platform empowers agents, brokers, managing general agents (MGAs), managing general underwriters (MGUs), and wholesalers to increase operational efficiency associated with adding new policies, new lines of business, invoicing, payments processing, and more. Each point in the insurance policy distribution lifecycle requires numerous processes, from policy quote to bind, billing, payment transactions, policy renewals, policy endorsements, and claims management. Novidea’s newest system upgrades greatly improve the quote to bind process and provide an expanding number of options…

The voyage of the Israeli Insurtech delegation to NYC 2023 – the Insurtech Insights conference, has come to an end. During the event, the Israeli delegation hosted an unforgettable meeting attended by hundreds of participants from the USA, who came to get to know the startups. The event was produced in collaboration with JVP, Arnon Adv. Firm, Pillsbury Adv. Firm, and FINTLV. Here is what some of the participating companies are saying about their experiences, just moments before they catch the plane back home to Israel and continue their good work. Kobi Bendelak, CEO of Insurtech Israel: “New York was…

PicUp has partnered with Deutsche Telekom and now they are introducing a new hybrid voice and digital calling service powered by RBM according to the company, The new service will enable businesses to add synced, optimized, and personalized digital messages to their outbound phone calls, thereby bringing an end to the intrusive, inefficient, and outdated practice of cold calling, and replacing them with warm, informative, and highly efficient ‘Digital Calls’.

OKO selected as the top 9 startups in the AfricaTech category by VivaTech and the International Finance Corporation (IFC), Out of 1000 applicants. According to VivaTech, These nine startups will have the opportunity to showcase their solutions at VivaTech 2023, gaining access to global investors and top executives in the tech industry. A panel of industry experts will select the winners, which will be announced on June 15, 2023 on VivaTech’s Stage One. VivaTech and the International Finance Corporation (IFC) have teamed up for the second edition of the AfricaTech Awards. This initiative aims to recognize and support innovative Africa-focused companies…