#featured Archives - Page 57 of 60 - Insurtech Israel News

Assaf Wand, Hippo Co-founder and CEO

Israeli Insurtech Company Hippo Acquires Spinnaker Insurance Company

By admin on June 18, 2020 Investments, P&C

Hippo has entered into a definitive agreement, pending regulatory approval, to acquire Spinnaker Insurance Company, a national property and casualty insurer licensed in 50 states and rated A- (Excellent) by A.M. Best Company. As part of the acquisition, Spinnaker will join Hippo’s family of companies. Hippo Insurance Services has partnered with Spinnaker as its largest carrier platform since 2017, with Spinnaker-backed Hippo products currently available to consumers in more than 18 states. The acquisition of Spinnaker showcases the alignment between the two companies and the strength of the partnership built over the last 3 years. This strategic move will allow…

Atidot And iPipeline Will Cooperate with Pacific Life to Optimize Market Penetration

By admin on June 18, 2020 AI, L&H

Pacific Life has selected Atidot’s predictive analytics models and ipipeline’s InsureSight® case analytics to analyze the impact of product and pricing changes based on prior sales performance and industry data. The ability to predict future performance based on product selection, producer group, producer, location, demographic, and other critical factors will enable Pacific Life to adjust its product, pricing, or distribution strategy dynamically to optimize market penetration. “Pacific Life is clearly stepping into the future of product design and pricing with the implementation of InsureSight case analytics and Atidot’s predictive analytics models. Based on the results, they will be able…

ilan dorot

Disrupting Claims Management

By admin on June 4, 2020 L&H, Systems

Ilan Dorot, Aero-Plan CEO, on a special interview with INSURTECH ISRAEL NEWS, with a sneak peek at the company’s breakthrough service – Radar.care: “Given information on patient’s condition, location, policy terms and quality and cost of available resources, combined with statistic medical data analysis, and compared with classification of cases, the system would be able to estimate claim outcome and suggest efficient patient care alternatives, enabling the insurer to timely direct the patient to optimal care” Tell INSURTECH ISRAEL NEWS readers about the new service – Radar Care. Dorot: Radar.Care is disrupting Claims management for insurers – offering online Transaction…

Avi Bartov GamaSec CEO

Gamaeye Fools The Cyber Attackers And Leads Them To A Trap

By admin on May 21, 2020 Cyber

“Many threat actors have started to abuse the panic and discomfort of the COVID-19 pandemic to conduct special crafted malware and phishing attacks worldwide”, says Avi Bartov GamaSec CEO, in a conversation with INSURTECH ISRAEL NEWS. GamaSec is a cyber-security company that lowers the risk and strengthens the resilience of businesses toattacks on their websites and web applications, a pre-breach tool designed to prevent cyber attacks. According to Bartov, recent events are creating extraordinary levels of concern and anxiety for website owners”. “As a web security company, over the past weeks, we have been witnessing an increased amount of website…

Simon Schwall (CEO de OKO) - 2e prix des Fintech Awards Luxembourg

Breaking Barriers With Parametric Crop Insurance For Smallholder Farmers

By admin on May 21, 2020 P&C

Q&A with Simon Schwall, OKO CEO Describe OKO’s activity. Schwall: Oko designs and distributes crop insurance for smallholder farmers, which automatically compensate them if their area is affected by adverse weather conditions. We validate claims automatically using satellite weather monitoring, and we distribute these insurance products via mobile in emerging countries, where no crop insurance was available before. What is OKO’s Business model? Schwall: OKO is an MGA. We design the product and then we have an exclusive distribution agreement with our partnering insurance company. We keep a commission on every premium payment made. Since we are talking of…

Yossi Yarkoni - Founder & CEO - Robin

Insuretech Startup Robin Hood Pro Sells Its Insurance ‎agency

By admin on May 21, 2020 L&H

The Robin Hood PRO Ltd. insuretech startup has decided to sell its insurance agency ‎Robin Hood Pension Insurance Agency 2016 Ltd before the Corona crisis as part of it’s attempts to focus on a B2B2C strategy adopted early last year that resulted already in some leading financial institutions as a customers for its new Digital Broker As a Service. Now the attempts are being accelerated in order to also overcome its cash flow ‎shortage as a result of the Corona crisis.‎ A number of parties have already expressed willingness to acquire the agency and the ‎brand name in order to…

Zeev Avidan

OpenLegacy Recently Partnered With A ‘Fortune 100’ Global Insurer

By admin on May 6, 2020 Systems

OpenLegacy recently partnered with a major global insurer to modernize its ‎legacy system to make it more web and mobile friendly. The OpenLegacy ‎solution automates Java code generation, building new workflows in hours ‎instead of weeks.‎ This diversified global insurer is one of the largest property and casualty ‎insurers in the United States, ranking in the Fortune 100 list of largest ‎corporations in the United States. With nearly $40 billion in annual consolidated ‎revenue, it has almost 1,000 locations worldwide and offers a wide range of ‎insurance products and services.‎ The organization needed a flexible solution to ensure access for…

„Work In Progress“ / By Dr. Moritz Finkelnburg

By admin on May 6, 2020 Articles

Corona is the dominating topic in these days. Hard to write about anything else. Even harder to puta spotlight on one of the most fascinating developments of the last 3-4 years. Writing to you as an observer of the German InsurTech landscape (and actually as manager of a traditional German insurance company) I can hardly hide my astonishment and enthusiasm about the Israel startup scene. It is fascinating to see the spirit of innovation, the entrepreneurial power and – yes! – also your risk-ignorance in a positive meaning. If you add the favourable regulatory and legal structure – Moshe Bareket…

Three Israeli InsurTechs Are Participating In Lloyd’s Lab Fourth Cohort

By admin on May 6, 2020 news

Kovrr, Parametrix and Orca AI and other nine insurtech had recently started the program Lloyd’s has selected twelve new InsurTech disruptors, among them three Israeli Startups, ‎to join the global (re)insurance market’s innovation ‎accelerator, as part of Lloyd’s commitment to ‎becoming the most technologically advanced ‎insurance marketplace in the world.‎ The Israeli InsurTechs are: * Kovrr – a platform that enables (re)insurers to financially quantify cyber risk.‎ * Parametrix – an MGA, that creates parametric insurance for external service downtime such as cloud ‎outages, network crashes and platform failures. Its products help to close the protection gap in ‎business interruption.‎…

Roojoom’s Personal Journey Orchestration platform uses AI to reinvent how Insurance companies engage with customers

By admin on April 22, 2020 AI, L&H, P&C

Roojoom’s Personal Journey Orchestration platform uses AI to reinvent how brands engage with each individual customer for optimal impact on business KPIs (key performance indicator). That includes customer loyalty, value and satisfaction, as well as customer service operational costs. Yuval Shemesh, Roojoom CEO and Co-Founder, in a conversation with Insurtech Israel News: “Roojoom’s benefits include lifting business KPIs as: Reduce Policy Lapse Ratio, Dramatically improve Customer Satisfaction, Reduce Policy admin cost per policy and Increase digital adoption and self-service”. Explain the term Customer Journey and its importance to insurance companies. Shemesh: The customer journey incorporates all the experiences and interactions…

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