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…

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…

“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…