“We are proud to have Howden, one of the pioneering cyber insurance brokers in the industry as our first design partner. This partnership goes beyond demonstrating trust and validating both the problem we are set to solve and the solution we have developed. This is the first step towards creating a risk assessment standard that may very well be adopted by the entire cyber insurance industry”. say Dr. Maria Blekher, Head of product & marketing at Psyber. The collaboration with Howden not only provides Psyber access to critical market data but also allows them to develop a product based on…

Israeli insurtech company LeO has announced that it completed a Seed round totaling $5 million, in order to help expand its operations in the U.S. market. The round was led by iAngels, who contributed $1.7 million in cooperation with the Menara Ventures public partnership, which invested a similar amount. It is understood that Unicorn Technologies invested $750,000. LeO is developing an artificial intelligence platform that produces and makes information more accessible for salespeople, insurance agents, and other officials. The company, founded in 2017 and run by Liri Halperin Segal, has developed a “personal AI sales assistant” in the industry. Prior…

Binah.ai recently announced that it’s technology now supports Web Applications, enabling insurers to measure real-time client health data remotely, without requiring insurers to develop an app. In Binah.ai’s upcoming webinar, Co-founder and CEO, David Maman will demonstrate how insurers can measure real-time health remotely by simply sending a link to clients. No app needed. While removing the need for wearables or dedicated hardware and cutting costs of medical exams, equipment and personnel, Binah.ai empowers insurers to streamline underwriting, improve risk management and increase the efficacy of wellness programs. Register for the live webinar – Wednesday, December 1, 2021 at 11:00…

Vesttoo has developed a model enabling insurance companies to purchase reinsurance on the capital market using financial instruments * These instruments are built using artificial intelligence, which estimates the insurance companies’ risks in an optimal and objective manner, enabling pricing of the risks investments arm of Santander Bank in the Mouro Capital venture capital fund, together with the MS&AD Ventures venture capital fund, which is the venture capital fund of MS&AD Insurance Group Holdings, the world’s fifth largest insurance group. These funds joined the Hanco fund which ran the company’s previous investment round. Vesttoo is one of portfolio companies of…

ISRAEL Insurance Commissioner Dr Moshe Bareket is acting to allow the insurance companies to expand investments in insurtech companies. In a draft policy paper – Investment in Insurtech Companies and in Investment Corporations in the Area of Innovative Financial Technology, Bareket says that as part of the Capital Market Authority’s activity in promoting technological and digital innovation in the areas of activity of the regulated entities, the Authority regards as being of great importance the development and encouragement of ventures in the insurtech sector and also in  promoting and developing the investment channels of the financial institutions in the areas…

Binah.ai recently announced that it’s technology now supports Web Applications, enabling insurers to measure real-time client health data remotely, without requiring insurers to develop an app. In Binah.ai’s upcoming webinar, Co-founder and CEO, David Maman will demonstrate how insurers can measure real-time health remotely by simply sending a link to clients. No app needed. While removing the need for wearables or dedicated hardware and cutting costs of medical exams, equipment and personnel, Binah.ai empowers insurers to streamline underwriting, improve risk management and increase the efficacy of wellness programs. Register for the live webinar, on Wednesday, December 1, 2021 at 11:00…

Eight insuretech entrepreneurs will meet with senior executives of the biggest insurers in the USA and also with leading brokers and investment funds. The insuretech companies taking part: Psyber, Urbanico, Insursights, Covary, Emnotion, Ravin.AI, Sigma and GamaSec. A party of eight startup senior executives, graduates of the first two sessions of Israel’s first international insuretech accelerator set up by Ayalon, Insuretech Israel and BrokerTech Ventures has set out for roadshows in the United States, which will include a series of meetings with senior executives of the biggest insurers in the USA: State Farm, Travelers and All State, and also with…

Lemonade the insurance company powered by AI and social good, and Metromile , the data science company focused on auto insurance, have entered into a definitive agreement pursuant to which Lemonade will acquire Metromile in an all-stock transaction that implies a fully diluted equity value of approximately 500 million dollars, or just over 200 million dollars net of cash. Under the terms of the transaction, Metromile shareholders will receive Lemonade common shares at a ratio of 19:1. While Lemonade has been at the forefront of using big data and AI in home and pet insurance, Metromile has been trailblazing a parallel…

Lemonade’s newest product features great prices for safe drivers, best-in-class service, and perks for environment-conscious customers. Lemonade, the insurance company powered by AI and social good, today unveiled its newest product – Lemonade Car – designed to bring a fresh, tech-first approach to the category. Lemonade Car is now available in Illinois and will be rolling out nationwide. Lemonade Car is designed to offer better prices for safe and low-mileage drivers, as well as environment -friendly EVs and hybrid cars. The Lemonade app uses telematics to measure how much and how safe people drive, as well as provide 24/7 on-location roadside…

Capital will be used to accelerate growth in the US and other geographic regions, as well as support expansion into new verticals and product use cases EasySend, a no-code digital customer journey platform, just announced a 50.5 million dollars Series B funding round led by Oak HC/FT. Existing investors Vertex IL, Intel Capital, and Hanaco Venture also participated in the round. The company also secured 5 million dollars in venture debt from Silicon Valley Bank. The announcement follows a year of accelerated growth — the company expanded its US revenues by ten-fold as it supported digital transformation for leading insurance, banks, and…