Browsing: #featured

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will partner with WCL, a Zywave company, to provide messaging to Lloyd’s of London Bureau Services. “Sapiens’ core policy software integration with WCL signals our mission to expedite and strategically invest in contemporary API services aligned to Lloyd’s Blueprint Two goals,” said Roni Al-Dor, Sapiens President & CEO. “Streamlining the process will enable our primary insurance clients new opportunities to access Lloyd’s capital and reinsurance service, while at the same time will bring real-time risk management a step closer.”…

Sayata, the developer of a marketplace for insurance brokers and carriers to easily scale their business insurance portfolios, announced the addition of $35M to the previous $17M raised just five months ago, for a total A round of $52M. The additional raise was led by Pitango Growth and Hanaco Ventures, with participation from previous investors Team8 Capital, Vertex Ventures, Elron Ventures, and OurCrowd. Sayata’s proprietary technology automates the time-consuming process of finding and securing business insurance. Brokers are freed from the manual tasks of hunting for quotes,  shuffling applications, and the lengthy back and forth with insurance providers to finalize…

The Insurtech start-up Five Sigma, which has developed a claims management platform based on unique data modeling technology, today announces four significant additions to its leadership team: Dana Poleg, Chief Marketing Officer, Amalia Landau, VP of Human Resources, Shani Gal, VP of Product, and Ofer Milavsky, Chief Operating Officer. All four new executives bring with them major achievements and extensive experience in global technology companies. Dana Poleg, Five Sigma’s newly appointed CMO, has an impressive track record of over 15 years in marketing management positions for leading high-tech companies in the US and Israel, including NICE, where she served…

Honeycomb  has raised $15.4 million in a Series A funding round led by Ibex Investors. The fast-growing digital insurance provider has developed the first technology stack for multi-family properties that dramatically streamlines the arduous, time-consuming process faced by landlords and condo owners associations seeking insurance.  Moreover, Honeycomb’s proprietary AI-driven technology also is the first to enable the delivery of bespoke, “right-priced” insurance coverages – instantly. The U.S. and Israel-based company, which only began writing U.S. policies in June of 2021, now operates in four states — Illinois, Arizona, Michigan, and Ohio – with plans this year to launch in ten…

Novidea, creator of a born-on-the-cloud, data-driven platform optimizing the entire insurance policy and distribution lifecycle, today announced that the company has grown over 100% YoY and doubled its operations in 2021 due to increased global demand from brokers, agents, and MGAs. Historically, the insurance market has been encumbered by legacy systems that are difficult and expensive to scale and update, with siloed data and limited access to real-time management information. Today, forward-looking businesses are increasingly moving to cloud-based solutions that enable them to automate processes, reduce costs, and increase resilience, agility, and competitiveness. Cloud-based solutions also empower insurance agencies to support remote work by allowing secure access to customer data and policy information from…

InsurTech Israel News – The leading InsurTech magazine in Israel, together with a team of professional judges and thousands of votes of key player in the insurance and the Insurtech industry from around the world is happy and proud to present the 17 winning startups selected for The TOP Israeli Insurtech startups for 2022 (introductions in the order of A-Z): Air Doctor; Binah.Ai; Covary; Digitalowl; Easysend; Emnotion; Five Sigma; Insurights; Lightico; Novidea; Open Legacy; Parametrix; Ravin; Surance; Trusty; Yuvital and Voom. Air Doctor Air Doctor connects travelers to local private doctors when they fall ill abroad, preventing unnecessary, often frustrating,…

Accelerator professional director Kobi Bendelak: During the two sessions, the start-ups raised over 40 million dollars * Lemonade founder Saniel Schrieber, at the event: the insurance companies have lost their lead of the foundation stone of the industry – data and statistics The second session of the Israeli insurtech accelerator, which was held on the initiative of the Ayalon insurance company and Insurtech Israel ended last week with an event with the participation of, amongst others, Insurance Commissioner Dr Moshe Bareket, Ayalon seniors including Chairman Dr Avigdor Kaplan and CEO Arik Yogev, Insurtech Israel CEO Kobi Bendelak, Lemonade founder…

Q&A with Joshua Behar, CEO Of Mobile2CRM What does Mobile2CRM do? Behar: Mobile2CRM is a technology innovator overcoming the organizational “blind spot“ created by employees using a personal cell phone for work. Mobile2CRM integrates cellular technology with CRM and other business systems capturing business-only communications. In recent years, business and work have become increasingly cellular-centered – a trend that dramatically accelerated in the past two years. While handling landline communications well enough, current corporate and organizational communications infrastructures are much less successful when it comes to cell phone business communications integration.  With over 60% of business and work-related communications these…

The ITHM’s aim is to promote innovation in the insurance industry by means of connecting between the world-class decision makers in the industry, experts in the field, mentors and investors * Migdal Insurance Deputy CEO and Strategy and Business Development manager Eran Tzimerman: We need to act ceaselessly in maintaining a wide product mix suited to our customers’ needs and the reality of digital competition – at a national and international level Migdal Insurance company is going to be collaborating with ITHM (InsurTech Hub Munich) – a non-profit innovation platform which brings together international partners in the insurance sector,…

Lemonade recently acquired Metromile for US$500m. Metromile operates in the motor insurance sector, and this acquisition will enable Lemonade to make the transition from a young player to a major player in this sector. This acquisition reflects just one trend in the ongoing revolution in the insurance market and shows that the leading insurtech companies continue to grow. To date, the global insurtech sector has raised more than US$10bn since the beginning of 2021, an all-time record. A mapping of the Israeli insurtech companies that raised funds this year, prepared by Munich Re Israel representative Dikla Wagner, who leads technology…

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