There is no doubt that everyone is talking about AI and the most talked about word generates buzz at all ages. This is even among adults who want to understand what the fuss is about and whether the tool can help them in various areas. To understand how much interest the word generates, you can find an astonishing number of 9,550,000,000 Google searches. But with all due respect to the buzz, we are talking about the insurance market, a heavy and relatively outdated market. There is no way that this technology is already ripe for the insurance industry. It can…

MP Check in collaboration with Clal Insurance and Finance is leading a revolution in the life insurance industry: for new subscribers to the Sapir life insurance plan, Clal will offer an exclusive and significant benefit – medical screening tests conducted in the comfort of the customer’s home. As part of the offer, new customers who purchase a Sapir life insurance will be eligible to undergo medical screening tests for early, life-saving detection of disease at their own home, The entitlement includes screening tests once every two years from the date of purchase of the insurance policy. Nitzan Lahat, CEO of…

Sharone Shiloach joined Effectivate as a Business Development Manager. According to Effectivate Shiloach is A gerontologist with nearly ten years of experience in the field of aging in Israel. She has also managed significant projects like Motke.co.il.

About two years after SureTech Investments, the investment partnership in insurtech, completed the purchase of the shares of the insurtech company Vesttoo it sold all its holdings in Vesttoo for 15.7 million dollars. SureTech, which is headed by the chairman Uzi Danino and the CEO Ran Tzror, purchased in April 2021 251 thousand shares of Vesttoo at a price of $3.98 per share, and now it reported that it sold all these shares at a price of $62.68 per share, meaning 15 times the purchase price. According to SureTech’s report, the estimated profit of the sale of shares is about…

Moran Avnon joined Swifter.io. The company states that Avnon brings remarkable strategic acumen and leadership to the team – “Her expertise in building partnerships and driving growth will be invaluable in propelling swifter.io forward”.

VOOM Insurance announced that they have expanded to Colorado and now they offer Pay-Per-Mile Motorcycle Insurance in Co. According to the company, they are the first to offer Pay-Per-Mile for both ATVs and Snowmobiles.

SightBit , is the recent winner of the Israeli Watertech Challenge competition, initiated by the Israeli Water Authority. SightBit won the challenge for a development of its core capabilities which will be used to monitor creeks throughout Israel. SightBit is an Israeli startup company that developed a unique technology to read open water using simple video cameras in order to detect and track hazards in the water as well as people and other objects. The technology analyze the data and provide valuable and reliable insights to the conditions of water as well as to people’s behavior, with a special expertise…

D-ID’s generative AI platform enables users to create videos and interactive CX experiences based on a single image of a face. companies key figures are Sella Blondheim, COO, Eliran Kuta, CTO and Gil Perry ,CEO. What’s your company Vision? D-ID: We aim to make digital humans the standard solution for enterprise CX What is the biggest problem in the insurance sector as you see it? D-ID: One of the biggest problems, from a customer experience perspective, is the lack of personalization and automation in customer interactions. Despite the fact that insurance products are crucial to safeguarding individuals’ livelihoods and assets,…

Serenus.AI launches the first patented autonomous clinically objective, Generative AI, case-by-case review system to improve the utilization and prior-authorization processes before medical procedures. Serenus.AI’s system streamlines medical authorizations by extracting the patient’s anonymous clinical information automatically from the medical record, analyzing it with its AI engine which is based on the latest research, guidelines, and best practices, providing an immediate personalized authorization should the procedure is indicated, while presenting the utilization manager with a comprehensive, real-time report highlighting the related medical factors and the alternative conservative pathway, should the procedure is not indicated. Serenus.AI is targeting the medical authorizations market…

Novidea, creator of the born-in-the-cloud, data-driven platform optimizing the entire insurance policy and distribution lifecycle, today announced that it has raised $50 Million in Series C funding. The funding round was led by Battery Ventures with participation from Cross Creek, both new investors, and the company’s existing investors, Israel Growth Partners (IGP), KT Squared, and JAL Ventures. To date, Novidea has raised $90 Million. In recent years, the company has experienced hyper-growth, selling to insurance leaders across the globe. Novidea will leverage the investment to continue its journey to becoming an industry leader and increase international market share. Specifically, funds…