Five Sigma appointed new staff member – Tiffany King was appointed as Sales Director. At her last job King was a director of sales and operations at Arturo. King describes herself as: “A growth leader with a strong track record of building sales organizations, Market Expansion, Channel Development,& achieving results. A developer of leaders & collector of talent. Demonstrates a proven track record of exceeding quotas, expanding company visability, building Agency Sales distribution as well as Broker Sales distribution.”

Insuretech Israel, founded by Kobi Bendelak, has expanded the Mentors team that will be operating the accelerator this years. This year there will be two Accelerator cycles and they will be hosting mentors from world’s leading technology and insurance companies. The mentors are: Jamie Roser, Chief Information Officer at Berkshire Hathaway Specialty Insurance. Marc Schroeder, Vice President of Business Development at Assurant. Pranav Pasricha, Insurance & Technology Entrepreneur. Anil Vasagiri, Senior Vice President, Head Property Solutions at Swiss Re. Michael Parcelli, Senior Vice President – Global Head of Solutioning and Business Transformation Consulting at Xceedance. Brent Rickabaugh, AVP – Property…

InsurTech Israel, led by Kobi Bendelak, is launching its inaugural Global Insurtech Summit in Israel – the InsurTech Israel Global Summit will be held September 4th – 7th 2023 at the Tel Aviv Hilton hotel. Coinciding with the Global Summit they will also launch an International InsurTech Accelerator program, with insurtech startups who will be eligible to participate from around the world (Africa, India, Australia, Singapore, Turkey, Germany, Italy, the USA, South America and of course Israel) in one location during the Summit.  This International Accelerator program will also facilitate a series of one-on-one meetings between participants and startups to…

We proudly announce that Insurtech Israel chose Open Finance as the winning tech startup in the Open Banking category of our “Top Israeli Insurtech for 2023” competition. We’re confident that the collaboration between the insurance industry and Open Finance, our winner, will emerge as one of the most impactful solutions for insurance companies and their clients in the near future. We are equally happy to announce that this year’s prize is awarded with the support of Moshe Morgenstern, Deputy CEO and CIO of Menora Mivtachim. In Moshe’s own words: “I am delighted with Insurtech Israel’s choice for winner. The data…

As the insurtech ecosystem continues to grow and evolve, startups within the industry will likely face a number of challenges in 2023. These challenges may include navigating regulatory compliance, intense competition, gaining customer adoption, protecting customer data, and integrating with traditional insurers. While the specific challenges that insurtech startups will face in 2023 are difficult to predict, it is clear that the insurance industry will rely on these startups to transform their customer relationships. In order to help insurtech startups overcome these challenges and achieve their goals, they may need to optimize their solutions, utilize all available resources to attract…

By: Roi Agababa , CEO and Co-Founder, Novidea As we rapidly approach 2023, we can see that the insurance industry continues to evolve, adopting more and more technologies to grow their businesses. As CEO of a cloud-based, data-driven platform for brokers, agents, and MGAs, we observe on a daily basis the urgency insurance brokers and agencies face to accelerate their digital transformation initiatives in order to stay competitive in the market. Digitalization is widespread in almost all industries, such as healthcare and banking, but we now can see that insurance is now at a significant inflection point. The next generation…

In 2021, there were 623 million cyberattacks worldwide. If there’s an opportunity to enter a business’s premises undetected, cybercriminals will find it. In the digital age, no organization is safe from cyberthreats. Size doesn’t matter. A recent report by cyber insurance provider At-Bay highlights that ransomware is the biggest digital threat to American businesses, responsible for an estimated 60% of all domestic cyber insurance claims in 2020. In the last year, the average ransom payment has nearly doubled, and the average total loss is $1.8 million for a single incident. Rotem Iram, co-founder and CEO of At-Bay, explained that a…