NEXT Insurance Promoted Rachel Jrade-Rice to General Counsel. Jrade-Rice joined NEXT in 2020 as Insurance Regulatory Counsel and was promoted to Head of Regulatory Affairs and then again to Associate General Counsel of Regulatory Affairs. In January, she took on the role of interim General Counsel and provided trusted strategic counsel and leadership on projects related to financial solidity, partnership growth, and product refinement, in addition to delivering automation and accessibility improvements to the legal team. According to the company, Jrade-Rice brings over a decade of legal experience and has managed billion-dollar programs, driving regulatory strategy, supporting innovative product design…

Ledgertech is a digital insurance technology company providing a Low code/No code Insurtech platform for embedded insurance and MGA As A Service (MAAS). they enable insurers and MGAs to create new digital insurance products in days rather than months or years and utilize their partner eco-systems of technology, data, capacity, and fronting providers. The Ledgertech platform can be used for any insurance use case and consumption models, including PAYG, PHYG, UBI and P2P What is the problem in the insurance sector that you are trying to solve?  We are the one who speeds up the time to market and enables…

The fifth cohort of the Israeli insurtech accelerator, which was held on the initiative of Insurtech Israel ended last week with an event with the participation of, amongst others, Sabine Vanderlinden, Co-founder at Alchemy Crew and one of the most influencers in the global insurtech space, Dana Alexandrovich, COO at Microsoft Israel and tens of entrepreneurs in the insurtech sector. The accelerator graduation event took place at Microsoft headquarter in Herzelia. Also participating in the panels was Tali Evron, Senior treaty broker and operations officer at Aon Reinsurance Israel, Meytal Shavit, Director of Strategic Partnerships at Sompo Tel-Aviv, Sivan Peleg,…

Surance.io provides an end-to-end proactive Personal Cyber InsurTech Solution that gives users peace of mind in the online world. We protect individuals from cyberattacks, stop attacks and restore damages under an insurance policy or warranty. The solution includes an AI platform, prevention of cyber attacks, 24/7 cyber expert response to stop attacks and insurance coverage, an all-in-one product. We are a B2B2C company that works with insurance companies and warranty providers. The key figures are Saar Bar, Founder and CEO, Zorik Stolyar VP Product & R&D and Lisa Wardlaw, US strategy & distribution. What is the problem in the insurance…

For any organization that needs to intake data and signatures from customers, EasySend is a no-code digital transformation solution that delivers an easy and quick way to transform complex forms into digital experiences so that they can automate their workflows, streamline customer interactions and ensure data accuracy. The key figures in the company are Tal Daskal, CEO & Co-Founder, Eran Shirazi, CTO & Co-Founder, Omer Shirazi, COO & Co-Founder and Gary Chan, VP, Head of North American Sales. What is the problem in the insurance sector that you are trying to solve? Easysend transforms any complex form or customer data…

Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced today an agreement to integrate Microsoft Azure OpenAI Service to harness the most advanced generative AI models and tools for the insurance industry. Sapiens will integrate Microsoft Azure OpenAI and Azure Power Virtual Agents to provide generative AI solutions for insurance companies, allowing customers to easily navigate complex documents such as policies, terms and conditions, and more, using natural large language AI models. Sapiens’ AI, cognitive services and process automation can empower insurers through the entire insurance value chain, to provide instant answers across multiple…

Travel insurance startup Faye today announced it has raised $10M in Series A funding just a year after launching its product in the U.S., bringing the company’s total funding to $18M. The round was led by Munich Re Ventures along with existing investors Viola Ventures and F2 Venture Capital. Additional investors include Menora Tech and Mike Nelson, former CEO of Global Travel Insurance at Allianz. Faye’s proactive and holistic travel insurance product has already delivered unmatched value for travelers embarking from the U.S., resulting in widespread adoption, consistent 5-star reviews and a significant number of customers already traveling with Faye…

In a move that resembles a vote of confidence for the start-up, Allianz Africa renewed its multi-year partnership with OKO. Allianz and OKO initially signed an agreement in 2019 to test OKO’s concept in Mali. OKO offered an affordable and automated climate insurance accessible for the first time via mobile phone to smallholder farmers. 4 years later it is the most popular crop insurance in Mali. OKO uses parametric insurance technology, meaning that insurance claims are automatically validated and paid if satellite data shows that the weather conditions were very detrimental to the agricultural activity. It covers events such as…

The Insurtech company, Lemonade, is expected to soon release tens of its employees, which represents less than 3% of the company’s total workforce, who are about to be laid off. Sources close to the company informed Insurtech Israel News that these actions aim to streamline the system’s performance and are not cutbacks as claimed in the media. Meanwhile, the company has sent hearing summonses to its employees, but these have not yet concluded, and as of today, the final number of layoffs remains unclear. Sources emphasize that these personnel reductions are not a result of financial difficulties; in fact, it…

Click-Ins Ltd is Pre underwriting check as a service. The car insurance industry relies mainly on traditional customer declaration to check for possible red flags that will cause problems during the underwriting process. Pre-underwriting requires good expertise, and not all have such expertise in-house. Click-Ins provides a revolutionary unique Pre underwriting check as a service, which means that process can be made faster, more standardized, and the solution will ensure that images are sent directly for inspection, helping insurance companies avoid fraud and gain the correct documentation. The key figures in the company are Doron Gohar, CEO , Dmitry Geyzersk,…