Browsing: #featured

Partnership provides small businesses with a frictionless insurance purchasing program to comply with enterprise coverage requirements through NEXT Connect NEXT Insurance, a leading digital insurtech company transforming small business insurance and Evident, a leading provider of third-party insurance verification services, today announced that they have partnered to provide NEXT’s tailored insurance solutions to the small businesses that Evident verifies, improving their compliance with the enterprise’s requirements. Through this partnership, NEXT and Evident are making it easier for small businesses to get the exact coverage they need to grow and scale. “Our mission is to enable small businesses to thrive by…

The Barak family has completed its investment in Wesure Global Tech totaling 260 million shekels and is now part of the insurance group’s control core; at the same time, the Ben Ishai family has invested 20 million shekels in Wesure Global Tech In addition, Wesure has signed a 90 million shekel agreement with a banking corporation The Wesure Global Tech technology and insurance group has announced that it has completed the Ayalon deal, under which Wesure has acquired 67% of the Ayalon Insurance group shares for 44736 million shekels. Wesure reports that at the same time it also signed on…

Available directly and via agents the company leverages proactive, risk-reducing technology to offer recreational boaters innovative insurance policies designed for the modern boater across the US  Ahoy!®, the new digital insurance MGA for recreational boating, today launched its unique technology-driven insurance product for the boating industry. Built by boaters for boaters, Ahoy! combines its proactive, risk-reducing technology, with its founders’ deep knowledge of both boating and insurance to deliver innovative insurance policies for the 21st century. In partnership with Spinnaker Insurance Company, a national property and casualty insurer rated A- (Excellent) by A.M. Best Company, and with backing from specialist reinsurers Greenlight Re and Topsail…

Travel insurance will be offered digitally from end to end, including purchase. Insurance includes, amongst other things, hospitalization, air evacuation and flight to Israel, reimbursement of special expenses and accompanying person flights With the end of the school year, Libra announced last week its entry into the travel insurance sector. According to its announcement, the travel insurance will be offered digitally from end to end, with claims payments being made to the policyholder’s credit card, as soon as the claims are reported. When needed, the insured can consult digitally with Israeli medical practitioners anywhere and at any time, easily and…

Choco’s license application includes a request for a permit to operate in the business property and home insurance sectors. The company says that it will market over 1,000 insurance products with unique segments adapted personally to independent traders Choco Digital Insurance has completed the submission process to obtain a permit for the first insurance company in Israel operating entirely digitally. The company will act to be first digital insurance company operating 100% automatically without any human intervention. The company says that it will market over 1,000 insurance products with unique segments adapted personally to independent traders. Until now Choco Digital…

Five Sigma, the developer of a cloud-native Claims Management Solutions (CMS) platform,  announced that Faye has selected Five Sigma to power its claims technology. Faye provides whole-trip travel coverage and care that brings out the best in each journey with smarter, faster assistance and claims resolutions. Using the Five Sigma CMS, Faye builds upon its proprietary technology for digital claim submission and evaluation, to create an unrivaled digital claims experience for customers. With top-notch protection, 24/7 assistance and quick claims resolutions and reimbursements, Faye has entered the travel insurance ecosystem intent on setting a new standard by overdelivering in an industry…

On the heels of announcing $7 million in Series A funding, bringing its capital raise to $13 million, REACH, the developer of a leading virtual workplace platform built for real-time customer transactions, continues to build market momentum with the appointment of two experienced leaders to its executive team. Tom Hipp has joined REACH as Senior Vice President, Global Sales & Operations, and Susan Beyer as Senior Vice President, Global Marketing. In these roles, Hipp and Beyer will focus on growing the company’s presence in the U.S. and internationally. “Given the move to remote work that has spurred the next level of digital transformation,…

This will be the first time in Israel that a company will be able to provide its customers with a technology that can assess car damage directly from their mobile phones without any human participation Ravin AI, a leader in the development of AI-based vehicle testing tools, announced today the signing of a cooperation agreement with Menora Mivtachim Insurance Company. The collaboration will examine the use of Ravin’s technology to analyze vehicle damage based on images. Using Ravin’s new technology, car insurance policyholders can submit car (tort) claims and get damage estimates instantly and automatically. In this phase, the technology…

The FinTLV global fund has mapped the 2022 Israeli eco-system. According to the fund, the map includes any start-up with potential for bringing about change in the insurance sector – new products, an improved customer experience, improved work processes and smarter and more efficient marketing The global FinTLV fund has mapped the Israeli eco-system in the area of insurtech in 2022 and it presents its conclusions regarding the industry and its trends. “The insurtech sector is continuing to grow and develop. Like the insurance companies, insurtech comprises a wide range of solutions, ideas, products and companies influencing all aspects of…

The BrokerTech Ventures leadership team of Dan Keough, Co-CEO/Co-Founder of BrokerTech Ventures; Susan Hatten, COO of BrokerTech Ventures; Ellen Willadsen, Executive Sponsor of BrokerTech Ventures; and Tom Stewart, President of Innovative Captive Strategies; recently visited Israel to expand and deepen the relationship with the flourishing insurtech ecosystem in Israel. BrokerTech Ventures (BTV) is the leading figure in the US broker insurtech ecosystem and represents a combined 29 premiere insurance brands, as well as multi-billions of dollars in premiums and overall distribution. BTV has partnered with “The Israeli Insurtech Accelerator” and “InsurTech Israel” as part of their strategies to expand to the…

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