An application has been filed recently to the Competition Authority for approval of the deal, and a request for Capital Market Authority approval will be filed soon. According the deal terms, Wesure needs to obtain Insurance Commissioner approval by May 2022 The Family Affairs Court has sanctioned the deal for the sale of Ayalon by the Rachmani family to Wesure. This is one of the pre-conditions for the deal. An application has been filed recently to the Competition Authority for approval of the deal, and a request for Capital Market Authority approval will be filed soon. According to the terms…

Q&A with Ilan levy, CEO-founder at M-ADAS What does M-ADAS do? Humpty-dumpty walks into his local insurance claims department. After thoroughly reviewing his case, the clerk politely replies, “I am sorry Mr. Dumpty, but gravity is a pre-existing condition”. We in M-ADAS believe that this could be solved. Our unique line of product’s based on simple, affordable and groundbreaking technology is targeting one specific battle against gravity which is the risk of rollovers in large trucks and overturning in motorcycle’s. Just to put things in prospective, in the publications Insurance Institute for Highway Safety, IIHS is showing that 47% of…

GreenRoad is engaged in the area of driving safety and driving monitoring * GreenRoad is on the way to establishing commercial collaboration with DIG, which is controlled by Eyal Lapidot * DIG is seeking to act as an insurer in Israel GreenRoad Insights, an international company engaged in driving safety and mainly driving monitoring, is planning on penetrating the Israeli insurance market. GreenRoad has engaged in an investment agreement with Moonstone Investments, controlled by former Phoenix CEO Eyal Lapidot, with a view to establishing insurance activity in Israel. The execution arm is planned to be DIG, which is controlled…

Q&A With Ian sanders, Blue Cape Founder and CEO What does Blue Cape do? Sanders: Blue Cape is a first of it’s kind platform that allows it’s end-users to easily understand the risk an area poses from an epidemiological perspective at high levels of granularity to given viral respiratory disease such as Influenza , Covid-19 , etc. and at the same time provide useful insights to different organizations at large when it comes to these types of problems How can it help users avoid infection risks? Sanders: By allowing people to easily understand where there exists risk to them…

The startups will be accepted to the accelerator, which will continue for six months, will receive technological and business accompaniment from leading mentors and technology experts. The Menorah Mivtachim group, together with five insurance companies from the USA, Europe and Japan, will be working together, via IBM’s Alpha Zone accelerator, to find Israeli startups with innovative technologies operating in the insurtech sector – digital data, artificial intelligence (AI), cyber and customer experience. The international insurance companies participating in the accelerator program alongside Menorah Mivtachim: AXA Next – the French AXA accelerator Allianz, from Germany FM Global from the USA Dai-ichi…

Hanaco Ventures joins Vesttoo through an equity investment of $6 Million USD, leading Vesttoo’s Series A round aimed at further promoting the company’s multi-billion security-based investment portfolio, as well as the world’s first fully digital marketplace for insurers, reinsurers, and pension funds. Tel Aviv, Israel — Vesttoo, a leading global Alternative Reinsurance and Investment platform, announces it has raised $6 million in a Series A funding round led by Hanaco Ventures. The round is part of Hanaco’s broader investment strategy in Vesttoo, aimed at further developing Vesttoo’s Insurance-Linked Program (ILP) offering, an innovative security-based investment portfolio as well as the…

Harel is the Winner of Department for International Trade (DIT)’s first-ever European Women in Tech; Finalist of the Quesnay’s Female Founders in InsurTech and the Insurtech Hartford Challenge 2021; Serenus.AI Granted New US Patent for ‘AUTOMATED METHOD AND SYSTEM FOR SCREENING AND PREVENTION OF UNNECESSARY MEDICAL PROCEDURES’ Hillary (Orly) Harel (ADV), Co-Founder and CEO of Serenus.AI relates to the visit of Dr. Moshe Bareket, the Director General of the Capital. Markets, Insurance & Savings Authority at the final event of the Israeli Insurtech Accelerator event: “When a senior government representative participates in such an event, it shows the willingness of…

We live in an increasingly digital world, and new digital platforms such as financial apps, social networks, e-commerce, smart homes, and the new environment of remote working are associated with growing cyber risks. Recent researches clearly show that most consumers are concerned about cyber threats, but only a few know that personal cyber insurance products are available. To address this gap, Connected Insurance has partnered with Swiss Re to create The Digital-Life Insurance. This multi-layered cyber protection offers personal cyber insurance to individuals and families. The product provides innovative risk prevention tools that help consumers protect themselves and their electronic…

The new capital will enable the company, which is engaged in the development of marketing and analysis technologies and algorithms for insurance companies in the United States, to expand into new markets and continuing development of the technology * Menorah Mivtachim Deputy CEO and Investments Division manager Nir Maroz: The insurtech sector has great potential for good yields for the company’s customers and thus, we have made the investment as part of the diversification and varying of the investment portfolio. The Kissterra insurtech company, which is engaged in the development of marketing and analysis technologies and algorithms for insurance companies…