#featured Archives - Page 42 of 60 - Insurtech Israel News

VESTTOO CONTINUES GLOBAL EXPANSION WITH NEW GENERAL MANAGERS IN EUROPE, SOUTH KOREA, AND UAE

By Ori Lavi-Pelleg on March 9, 2022 news

Vesttoo, a leading AI-based insurance-linked investment platform, today announced the global expansion of its leadership team to include key industry veterans who will manage the company’s offices in London, Seoul, as well as Dubai. The seasoned executives include the former CEO of Allianz Global Corporate and Specialty UK, former CEO of AIG Korea, and a former high-ranking manager at Investbridge Capital. They will oversee Vesttoo’s market penetration in Europe, Asia, and the Emirates, and will be instrumental in reaching the company’s $7bn capacity target. “Our number one focus is to create diversified insurance-linked investment options with multiple access points for investors…

MENORAH MIVTACHIM CROWNED “CHAMPION OF CHAMPIONS” IN THE IT AWARDS COMPETITION

By Ori Lavi-Pelleg on March 9, 2022 news

Representatives from 103 organizations last week went on the stage of the East functions hall in Tel Aviv to receive excellence awards in the IT Awards competition – the People and Computers magazine’s computer excellence competition – for IT ventures carried out in the past year. Menorah Mivtachim received the “Champion of Champions” award in this year’s competition, having won a series of prizes in a range of categories, in respect of 31 projects, including the Cloud Customer 360 Picture, leads management in the Salesforce system, premiums and personal claims systems, self-development of 14 projects in the digital transformation category.…

With an increasing number of millennial homeowners we found that homeowners will need a lot more help running their homes

By Ori Lavi-Pelleg on March 9, 2022 news

Q&A with Gabi Peles, CEO at Puls What is the service that PULS offers? Peles: Puls is serving the dynamic needs of the modern homeowner keeping their home at its best by providing a wide array of quality, fast, and reliable home services delivered via a value-added home care and warranty plans. Puls tech-enabled platform provides local home repair technicians the work and software to build and grow a repair business and solve for a global shortage of skilled workforce. What Value does it provide? Peles: Forward looking protection for home systems as well As access to same or…

GeoX partners with Sompo Japan to develop AI-based automated underwriting platforms

By Ori Lavi-Pelleg on February 23, 2022 P&C, Underwriting

GeoX, a leader in supplying geospatial data to insurers, has partnered with Sompo Holdings Inc., Sompo Japan Insurance Inc., and Sompo Risk Management Inc., specialty providers of property and casualty insurance and reinsurance with operations in the U.S. and 80,000 employees in 228 cities in 30 countries. This partnership will support Sompo Japan as it develops an automated underwriting methodology utilizing state-of-the-art AI technology. In recent years, advances in geospatial data technologies such as higher resolution and 3D satellite imagery have led insurers to use data in ways they had not previously considered. By combining GeoX’s ground-breaking technology with Sompo’s…

NEW: CLAL INSURANCE HOME INSURANCE INCLUDES FAMILY CYBER INSURANCE

By Ori Lavi-Pelleg on February 23, 2022 Cyber

Clal Insurance is expanding its home insurance policy to include cyber insurance for the family as part of it, at a special price. Home insurance offers a policy which is tailored to the customers’ needs, with a variety of options: structure insurance, contents insurance, expanded third party coverage, earthquakes, coverage for jewelry and many other additional coverages. The option of adding cyber insurance for the entire family in now being offered. The family cyber insurance offered by Clal Insurance and Finance gives a coverage envelope protecting against a wide range of cyber events, including net shaming and bullying, recovery of…

RITA BAAL-TACSA APPOINTED SENIOR VP AT VESSTOO INSURTECH COMPANY

By Ori Lavi-Pelleg on February 23, 2022 People

Rita Baal-Tacsa, a senior figure in the insurance sector, who serves as an Ayalon director and former VP at the Phoenix and also represented the Marsh insurance broker in Israel, has been appointed as VP at the Vesttoo insurtech company. Rita is responsible at Vesttoo for partnerships with insurance markets and works for the benefit of insurers, reinsurers and underwriting agencies worldwide in need of capacity support for their ongoing activity. The company operates in the area of ART (Alternative Risk Transfer). Vesttoo has developed a unique algorithm and a digital platform that uses artificial intelligence (AI) for transferring risks.…

Menora Mivtachim Is Collaborating with Israeli Startup Hour One

By Ori Lavi-Pelleg on February 23, 2022 Systems

A successful collaboration between Menora Mivtachim and the Israeli startup, Hour One. Hour one has developed a platform for the creation of videos led by computerized and realistic avatars. Hour One’s unique video creation platform uses artificial intelligence and allows companies to take any person and turn them into a “synthetic figure” through a short computer scan. Then, the system allows its users to dictate to the character the desired text and produce realistic videos in minutes. Menora Mivtachim will continue to reach out to the local ecosystem and startups from around the world and explore new technologies to find creative and…

Vesttoo launches VESCOR and first non-catastrophe P&C investment grade notes (PRNewsfoto/Vesttoo)

Vesttoo and Corinthian Re Launch VESCOR, a Partnership Driving Investment-Grade Rated Debt Structures Over Non-Catastrophe Insurance Liabilities

By Ori Lavi-Pelleg on February 9, 2022 Systems

Vesttoo, a AI-based global alternative risk transfer and investment platform, announced today the launch of VESCOR, a strategic partnership with Corinthian Re, that will offer the world’s first non-catastrophe insurance investment-grade rated feeder fund. The new partnership will offer institutional investors rated notes securitizing dozens of underlying P&C reinsurance transactions. The first note issued will cover over $250 million in Gross Written Premiums (GWP), with an aim of covering $2 billion GWP in subsequently issued notes. The partnership is targeting its initial investment-grade rating for issued notes by one of the world’s leading rating agencies. Vesttoo launches VESCOR and first non-catastrophe P&C investment grade…

By Kobi Bendelak

14 Israeli Insurtech Start-Ups Will Participate In The Insurtech Insights Conference In London

By Ori Lavi-Pelleg on February 9, 2022 news, People

Insurtech insights, the European largest InsurTech conference, will take place on the 15-16/03 In London UK. More then 2,000 visitors will participate in the conference, including the representatives of many insurance companies, investors, key persons and of course startups and technology people from all over the world. The conference gives exposure to new and advanced technologies in the world of insurance and a look into the future of the sector. InsurTech Israel CEO Kobi Bendelak: “Within the framework of InsurTech Israel, we put together a mission of 14 Israeli startups with a wide range of technological solutions. Amongst those travelling…

WESURE SIGNS MULTI-YEAR REINSURANCE AGREEMENTS WITH MUNICH RE

By Ori Lavi-Pelleg on February 9, 2022 P&C

Wesure has signed on multi-year engagement agreements with Munich Re, one of the world’s largest reinsurers, which has been accompanying Wesure since it started operations. According to the agreements, which were signed with the involvement of New Re Capital Partners, Munich Re’s share of the panel of the subsidiary’s reinsurers in the motor sectors (compulsory and property) will increase. Agreement was also reached on financing, via payment on account of projected future commissions totaling 22.5 million shekels, for a period of three years, the financing bearing interest at a rate of 0.65% per annum. The proportionate reinsurance agreements with Munich…

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