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…

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…