#featured Archives - Page 56 of 66 - Insurtech Israel News

Insurtech start-up OKO raises seed round of $1.2 million to bring innovative insurance to smallholder farmers across Africa

By Ori Lavi-Pelleg on April 22, 2021 P&C

OKO, an Insurtech start-up that provides inclusive agricultural insurance to secure farmers’ income across Africa, has closed a Seed investment of $1.2 million. The round was led by by Newfund and ResiliAnce. Mercy Corps Venture, Techstars, ImpactAssets and RaSa also participated in the round. The start-up which currently operates in Mali and Uganda uses satellite data and mobile payments to create automated insurance products for farmers whose fields are affected adversely by weather events — primarily droughts and floods. With the new funding, OKO aims to strengthen its presence in Mali and Uganda and expand its offerings to more African…

Pizza Hut Selects Demandoo to Deliver On-Demand Insurance for its e-Bike Delivery Fleet in Israel

By Ori Lavi-Pelleg on April 22, 2021 news

Demandoo announced its partnership with Pizza Hut Israel to power on-demand insurance for its new e-bike delivery fleet. Accelerated by the Covid pandemic, the on-demand economy has grown significantly over the last year, transforming traditional models of work and mobility. However, when it comes to insurance, legacy policies based on fixed annual rates for traditional full-time employees aren’t practical or economical when extended to dynamic, shared and/or temporary activities of on-demand workforces, particularly for micro-mobility fleets, such as e-bikes. Powered by its proprietary AI-based risk engine and backed by global insurers, Demandoo’s on-demand, plug-and-play insurance solutions can be tailored to…

lemonade founders

Lemonade Opens Early Registration for Lemonade Car

By Ori Lavi-Pelleg on April 20, 2021 news

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced it is readying ‘Lemonade Car’ for launch within the year. Today’s news marks the company’s third expansion into a major new insurance category in less than 12 months. The company started with homeowners products, adding pet insurance in the second half of 2020, and term life insurance in the first half of 2021. The launch of Lemonade Car will allow both existing and new customers to bundle their home, pet, and life policies with their car insurance. The US car insurance industry is estimated to be about $300…

The Evolution Of Core Systems

By Ori Lavi-Pelleg on April 8, 2021 L&H, P&C, Systems

Q&A with Ronnen Fischer, CO-CEO at Insurtix Why are Insurers worldwide failing when trying to renew their legacy core systems? Fischer: To understand the challenge in existing systems in insurance companies, one must review the history of these systems. Insurance companies’ information systems, are the result of centuries of pre-computer activity, based on written forms that are, in most cases very neatly filed by topic (policy type and unique number); not necessarily by customer, and not centralized by any criteria known to us today in current information systems world. In the beginning, when information systems were being introduced to the…

NEXT Founders

Next Insurance Raises New Funding and Doubles Valuation to $4 Billion in Six Months

By Ori Lavi-Pelleg on April 8, 2021 P&C

Next Insurance announced a $250 million new funding round led by FinTLV Ventures and Battery Ventures with participation from CapitalG, Group 11, Zeev Ventures, Founders Circle and G Squared bringing the company’s valuation to $4 billion and total funding raised to more than $880 million. The new financing follows a momentous six months during which Next Insurance announced two acquisitions, added new strategic partners, and doubled its gross written premium. FinTLV Ventures founder and managing partner Gil Arazi and Battery Ventures general partner Michael Brown, will join as board observers. “Next Insurance’s full-stack approach to providing coverage for small businesses has created a radical paradigm shift in…

BitSight and Kovrr Announce Financial Quantification for Enterprise Cyber Risk

By Ori Lavi-Pelleg on April 6, 2021 news

BitSight, the Standard in Security Ratings, and Kovrr, a leader in data-driven cyber risk modeling, are furthering their partnership and today announced Financial Quantification for Enterprise Cyber Risk—a product that provides CISOs and Chief Risk Officers an easier, more efficient and repeatable means to financially quantify their cyber risk and report to senior executives and board members. Developed using Kovrr’s multiple underlying cyber risk models that analyze different categories of loss scenarios, the BitSight Financial Quantification for Enterprise Cyber Risk product calculates an organization’s financial exposure to cyber risk. The turnkey solution enables on-demand analysis and complements the cybersecurity performance measurements…

ILYA SHAPIRA

Emnotion Closes The Gap Between Weather And Climate Forecasting Globally – Our Clients Get What They Expect

By Ori Lavi-Pelleg on March 25, 2021 AI, P&C, Systems

Q&A with Ilya Shapira, Emnotion Founder What does Emnotion do? Shapira: Climate is what you expect, weather is what you get. Weather forecasting, synoptic – up to 5 days effective. Climate is actually all forecasts beyond synoptic range. Emnotion actually closes the gap between weather and climate forecasting globally, so our clients get what they expect. We develop new approaches and models for making climate forecasts as reliable as available synoptic forecasts. Our solutions include Big Data analysis, Machine Learning, GIS. Over 200K virtual weather stations connected into unique neural network for detecting “butterfly effects”. We call it Climate…

eliron ekstein

Israeli Insurtech RAVIN AI Partners With KAR Global

By Ori Lavi-Pelleg on March 25, 2021 news

KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces a strategic investment and North American commercial partnership with Ravin AI. Ravin is an international provider of automated, mobile and CCTV-based artificial intelligence solutions for vehicle inspections serving diverse fleet, insurance and remarketing customers around the world. The partnership enhances KAR’s data-driven digital capabilities and will enable the seamless flow of inspection information, data and images throughout the entire remarketing lifecycle for the company’s customers. “Advanced, integrated inspection capabilities are core to our customers’ success in the new digital age,” said Peter Kelly, president of KAR…

Tzvika agassi

Video Calls With The Insured With No Need To Install Any App By The Insured

By Ori Lavi-Pelleg on March 25, 2021 news

Q&A with Tzvika Agassi, Jastok CEO What does Jastok do? Agassi: Jastok SAAS system allows insurers representatives (claims, customer service, sales, loss control) to have video calls with the insured in a very simple and easy way with no need to install any app by the insured nor any software by the rep. We have launched the system recently and we have our first customer – a US-based insurer. A few more pilots are in our pipeline with insurers from the USA, Mexico, Europe and Israel What are the differences between Jastok and other video conversation systems? Agassi: Jastok…

NEXT Founders

Next Insurance Partners with Amazon Business Prime to Provide Small Businesses with Affordable Digital Insurance Options

By Ori Lavi-Pelleg on March 25, 2021 news, P&C

Next Insurance, the digital insurtech company transforming small business insurance, today announced a partnership with Amazon Business to provide eligible members the opportunity to access customized small business insurance. This partnership will allow Business Prime members to easily obtain a quote from Next Insurance and quickly purchase General Liability, Professional Liability, Workers’ Compensation, Commercial Auto, and Tools and Equipment insurance coverage. Historically, the process for purchasing business insurance has been a significant pain point for small business owners, with large insurers taking a one-size-fits-all approach. As a result, many small businesses end up with a poor customer experience and paying more for coverage that often…

Browsing: #featured