MAPFRE and technology provider Cyberwrite have joined forces to help the insurer’s clients reduce the risk of cyber-attacks with AI. The Spanish firm explained that Cyberwrite will provide it with a cyber insurance risk platform for SME companies, with the aim of having a more accurate knowledge of the risk at the time of underwriting and renewing its cyber insurance. “Businesses of all sizes, including SMEs, are being targeted by cybersecurity threats,” MAPFRE said. The firm continued, “According to the latest data from Statista, by the end of 2022, the cost of cyberattacks stood at around $8.44 trillion, and by…

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform, today announced that Pathpoint, the modern wholesaler where insurance agents can get bindable small commercial Excess & Surplus (E&S) quotes in just a few minutes, has increased its number of registered agents to over 14,000 and grown its submission volume by 20% compounded monthly since becoming a Novidea customer. Thousands of insurance agents use Pathpoint to quote, bind, issue, pay, and manage non-admitted risks in minutes, bind coverage, and have policies issued – all in one place, with 24/7 access. Founded in 2017, the fast-growing E&S wholesaler prides itself on its…

Ahoy! Insurance signed a new partnership with American Sailing (ASA). The partnership significantly expands Ahoy’s reach in the US market, which has more than 12 million registered boaters. Members of the ASA, the nation’s largest sailing authority, will gain access to an offering made specifically for boaters by boaters. Customer service will be provided by the highly trained staff of the Hilb Group, a leading national broker. Select Ahoy! Insurance benefits include the following: A holistic offering at a more attractive price, exclusive to ASA members. Frictionless onboarding that enables a 3-minute quote and 5-minute purchase. Broad coverage options, with…

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, wholesalers, and carriers, today announced a major new release with significant enhancements to its award-winning insurance management platform. This release impacts multiple areas of the platform, delivering improvements and new efficiencies for users in every market served by the Novidea insurance management solution. The latest version of the Novidea platform includes enhancements to claims, billing, accounting, document management, quoting, submissions, UI/UX, and more With this new release, Novidea delivers on its commitment to continually invest in innovation and maintain its competitive edge.  To support this goal,…

A large Israeli delegation participated in the ITC, the world’s largest insurtech conference held in Las Vegas from October 31 to November 2. The Israeli delegation included about eighty entrepreneurs and 22 Israeli startups, headed by Kobi Bendelak, CEO of Insurtech Israel. The conference is the largest of its kind in the world, with over 9,000 attendees from all insurance companies in the US and representatives from around the globe. The Israeli delegation, arriving at the conference at a difficult time of war in the country, attracted much attention from the participants. At the opening event, Bendelak addressed thousands of…

Name of the Company: Ledgertech AG Describe the Company’s Core Activities: Ledgertech is a digital insurance technology company providing a transformative Low code/No code Insurtech platform that revolutionizes the insurance industry by significantly reducing the time required for developing, launching, and distributing new insurance products. Our platform condenses traditional timelines from months or years to a matter of days, enhancing flexibility, cost-effectiveness, and expediting embedded insurance integration and distribution. This agility enables clients to swiftly adapt to market dynamics, ensuring responsiveness in the ever-changing insurance landscape to meet the dynamic demands of both clients and the market. Our primary focus is…

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,…