The selected startups have innovative technologies that operate in the fields of insurtech, digital, data, artificial intelligence, cyber and customer experience. The prestigious event was attended by: Dr Moshe Bareket, Director General of Israel’s Capital Market, Insurance & Saving Authority, Yehuda Ben-Assayag, CEO of Menora Mivtachim, Daniel Melka, CEO of IBM Israel, Moshe Morgenstern, Deputy CEO and Director of the Information and Technology Systems Division at Menora Mivtachim and Ofer Brandt, Chief Actuary and Senior Deputy to the Commissioner for Insurance Innovation Menora Mivtachim and seven large international insurance companies have successfully located 12 Israeli startups for IBM’s Alpha Zone…

Today Team Air Doctor took part in the Jerusalem Marathon! We are committed not only to helping sick people abroad, but also to pursue healthy living. We ran the marathon is in support of Crossroads Jerusalem, a foundation that provides essential prevention and intervention programs for Anglo teens and young adults in Israel in order to reach their potential and thrive. Till next year!

Mr. Aigrain will help lead the transformation of the alternative risk transfer market for insurers and investors. Vesttoo, a leading global alternative reinsurance and investment platform, today announced the appointment of insurance industry veteran Jacques Aigrain as Chairman of the Advisory Board. Mr. Aigrain brings nearly 30 years of leadership experience in insurance, reinsurance and capital markets, including previous roles such as CEO of Swiss Re, senior financial advisor at Warburg Pincus LLC and leadership roles at JP Morgan in New York, London and Paris. Yaniv Bertele, CEO and Founder, Vesttoo, said: “Vesttoo is honored to welcome an executive of Jacques’s calibre to lead…

“Optimizing Straight-through Processing with Remote, Real-time Health Data Collection” – that is the focus of Binah.ai’s Next webinar, which will take place on Wednesday, November 3rd, at 11:00 AM ET. In the webinar, David Maman, Co-founder and CEO of Binah.ai, will explain how Binah.ai’s technology can help insurers easily access client-provided, real-time health data to drive automation in underwriting. Maman will demonstrate how insurers can measure a wide range of health parameters remotely, just by having clients look at the camera of their own smartphone, tablet or laptop. Making access to health data easy and affordable, Binah.ai’s Health Data…

The ITC conference held in Las Vegas for the past 7 years was held this year after about two years in a face-to-face format. The main conference in the insurtech world attracts thousands of participants from all over the world. The Israeli delegation to the conference, led by Kobi Bendelak, CEO of Insurtech Israel, included 60 participants and 18 startups, including binah.ai, Air Doctor, RAVIN.AI, Futura Genetics, Five Sigma, Insurights Inc., OpenLegacy, Kissterra, Lightico, FIXC, EasySend, DigitalOwl, Contguard, LEO, Toonimo, Urbanico and Joshu, who presented their experiences. Bendelak notes that the conference is a great platform for startups to showcase their capabilities…

The Israeli Insurtech accelerator, opened its second cohort this month, Following the success of the first Cohort. Kobi Bendelak, CEO of InsurTech Israel, who together with Ayalon Insurance leads the accelerator’s activity, notes that over 40 Israeli Insurtech startups were registered for the second Cohort, which indicates the development of the industry in Israel and the great trust that the industry acquires in the Israeli Insurtech Accelerator activities For the second Cohort, startups were selected from a very wide range of technologies and solutions for the insurance world, such as Psyber, which deals with cyber insurance and providing protection and…

Group 11 leads this investment round in the company bringing simplicity and transparency to the historically complex industry of employer-sponsored health benefits in the U.S. Insurights, the AI-powered platform designed to improve human health by allowing employees to seamlessly access, understand and utilize their health benefits, today announced a total of $22M in seed investment led by Group 11. The platform is bringing on-demand, personally tailored answers to any employee with questions on how to navigate their employer-provided health benefits, regardless of their insurance provider. In addition to the profound impact on an employee’s mental and physical wellbeing, the lack…

Strategic Partnership Brings Together Aerial Imagery, Advanced Analytics, and AI to Help Customers Accurately Assess Risk, Prevent Fraud, and Reduce Costs. GEOX, a supplier of geospatial data to insurers, has today announced a strategic collaboration with EXL, a global analytics and digital solutions company, to deliver an integrated image analytics offering to insurance carriers. The joint solution aims to better assist carriers in achieving improved underwriting assessment, smart roof condition assessment, more precise property renewal assessment, and better claims processing support. “Data, analytics, and AI capabilities are integral for success in the P&C insurance vertical,” said Vivek Jetley, EVP and Head…

Investment to be made via Caesarea Medical Electronics Holdings (2000) Ltd, controlled by the Barak family * Wesure shares to be issued at a price of 6.3 shekels per share, up 8% since the issue in March of this year * Ayalon shares to be sold to the Barak family at the same price as they were acquired by Wesure Wesure Global Tech (Wesure) has recruited a strategic investor for the acquisition of Ayalon: the company has signed an agreement under which the Caesarea Medical Electronics Holdings (2000) Ltd company, which is controlled by the Barak family, will become, on…

Harel alternate investments manager Tomer Goldberg: We are convinced that Sproutt will be an important partner and player in the life insurance scene and look forward to seeing how it will provide personally tailored life insurance to customers who believe in a healthy lifestyle The Israeli Sproutt insurtech startup, which offers digital life insurance to consumers in the USA, has completed a 26 million dollar second round financing. The round was led by the Israeli MoreTech Ventures investment fund. Also participating were Harel Insurance, The Raptor Group, Falcon Edge Capital and the existing investors. The company says that the capital…