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…

Alon Silberberg, founder and CEO at Yuvital, was chosen by The Business Leaders Review among Top 10 CEOs Making a Difference in 2023. This is what Silberberg wrote about he’s achievement on company’s LinkedIn page: “A proud honor to be among the top 10 CEOs in the world driving global transformation I am thrilled to share some excellent news with all of you on this remarkable day. I am deeply honored and humbled to be recognized as one of the top 10 CEOs making a positive change in 2023! This achievement is a testament to the collective efforts of our…

Frost & Sullivan recently researched the electric vehicle (EV) charging infrastructure industry and, based on its findings, recognizes Driivz with the 2023 Global Customer Value Leadership Award. Driivz is a world-leading EV charging and energy management solution provider that focuses on electric mobility innovation and growth. The company provides customers with a scalable, intelligent, and integrated solution that effectively manages networks and provides drivers with an exceptional EV charging experience. Each year, Frost & Sullivan presents this award to the company that demonstrates excellence in implementing strategies that proactively create value for its customers, focusing on improving the return on the investment that customers…

BNY Mellon’s Pershing X, a technology provider within BNY Mellon announced collaborations with Salesforce, the global leader in customer relationship management (CRM), PureFacts and Pontera to provide technologies for advisors on its new wealth management platform, Wove. “We designed Wove to be a best-in-class offering for advisors that integrates the many technology tools they use into a single, data-driven platform,” said Ainslie Simmonds, President of Pershing X. “This includes bringing first-rate technologies to Wove from providers known for their superior capabilities and track record in the marketplace.” Pontera will integrate its solution into Wove’s wealth reporting offering, allowing advisors to…

NEXT Insurance, a leading digital insurtech transforming small business insurance, today announced its expanded partnership with Gusto Embedded. The strengthened partnership will exclusively offer NEXT’s pay-as-you-go workers’ compensation to the small business customers of Gusto Embedded partners through NEXT’s industry-leading, fully embedded insurance solution, NEXT Connect. Users can benefit from NEXT’s technologically advanced, in-house pay-as-you-go offering for workers’ compensation which enables better cash flow management for small businesses and ensures they only pay for the coverage they need. This solution marks the first time workers’ compensation insurance is being offered through an embedded payroll experience. Available now, small business owners…