#featured Archives - Page 57 of 66 - Insurtech Israel News

oren levy

There is no future for the use of artificial intelligence without the ability to explain the decisions

By Ori Lavi-Pelleg on March 11, 2021 AI

Q&A with Oren Levy, Comprendo.ai CEO * What does Comprendo.ai do? Levy: Comprendo.AI has a patent pending proprietary platform for accurate and compliant Artificial Intelligence (AI) models that explain the reasoning behind their decisions. * Why is it important to be able to explain the AI decisions? Levy: There is no future for the use of artificial intelligence without the ability to explain the decisions these algorithms make. The ability to explain AI decisions is important because it allows the companies that use these models as well as anyone else influenced by AI driven decisions to trust these decisions. Regulators…

Facetrom, Insfocus and others Will participate in the Trade and Economic Mission of Israel and the Kenya Fintech Online Campaign 2021

By Ori Lavi-Pelleg on March 11, 2021 news

The Trade and Economic Mission of Israel and the Kenya Fintech Online Campaign 2021 have chosen Facetrom as one of the top Israeli fintech innovations. Facetrom has been chosen with the biggest Israelis Fintech and Insurtech companies, such as Payoneer ($3.3B), Curv (acquired by PayPal), the Insurtech Company Insfocus, and other Israeli top innovative fintech companies.

Avi Bartov GamaSec CEO

GamaSec partner with Insurance Consultant & Expertises (I.C.E) to penetrate the Asia cyber insurance market

By Ori Lavi-Pelleg on March 11, 2021 Cyber

Cyber security is now seen as a common threat for millions of businesses globally. It has reached a point (highlighted by the recent pandemic) where it is regularly perceived as a top 5 risk event for most businesses. The work from home ethic that we have now entered into and the reliance more and more on digitalization, is making that threat a reality for many and in planning ahead both systems and budgeting is being reviewed to allow for better protection of this disrupting feature. In Asia there is a new partnership brought together to try to help fight this…

By Dror Katzav

Next Generation Life Insurance for Next-Gen Customers / By Dror Katzav

By Ori Lavi-Pelleg on March 4, 2021 AI, L&H

The U.S. life insurance industry’s average annual growth over the past 10 years has been less than 2% in nominal terms and negative in real terms. Meanwhile, the average face value amount of individual life insurance policies purchased in the US has steadily increased from $110,000 to over $170,000, (McKinsey Research) indicating that life insurers are failing to reach the middle market. According to McKinsey’s mass affluent research in 2015, only 65% percent of Americans who are married with dependents have a life or an annuity policy, while 97% own an investment account. A different research, made by LIMRA, shows that only…

Digital Owl, a leading provider of AI-powered medical claim analysis, raised a $6.5 million seed investment round led by Ibex Investors

By Ori Lavi-Pelleg on February 24, 2021 news

Digital Owl, a provider of AI-powered medical claim analysis, announced a $6.5 million seed investment round led by Ibex Investors. Amnon Shashua, the founder of Mobileye and Orcam, Fusion LA, and Menora Mivtachim participated. Digital Owl’s AI system quickly and accurately reads, analyzes, and digitizes medical records, allowing insurance experts to focus their valuable time on making better decisions, faster. Each year, the insurance market invests more than $3 billion in work hours devoted to analyzing and summarizing medical records. “Leveraging advanced natural language processing, Digital Owl has built a unique proprietary engine that addresses a pressing need from insurers…

Wesure On The Way To Share Offering In Tel Aviv: Expected To Raise 30-50 Million Dollars On A Valuation Of 150 Million Dollars

By Ori Lavi-Pelleg on February 24, 2021 news

The Wesure Global Tech technology and insurance group released a prospectus last week for an IPO on the Tel Aviv Stock Exchange. The company’s intention is to raise 30-50 million dollars, according to a valuation of 150 million dollars, after the money. The company says that the offering is aimed at accelerating the group’s business plan under which it will be expanding its areas of activity and its market share in Israel and also deploying for entry into activity in Europe and the United States. The offering is being led by Poalim IBI. The company, which was founded in 2016,…

Efi Binder

A Disruptive Digital Health Platform Based On Genetic Data, Aimed At The Use Of Life Insurance Clients

By Ori Lavi-Pelleg on February 11, 2021 L&H

Q&A with Efi Binder, Futura Genetics CEO What does futura genetics do? Binder: We make people live longer. We do it by using the power of genetic testing in order to create a personalized preventive care program tailored for each individual’s needs. Futura Genetics has been active for a few years in the direct-to-consumer genomics industry. Last year, we started working on the Futura Life intuitive, which is going to be our main and only focus in the years to come. Futura Life is a disruptive digital health platform based on genetic data, aimed at the use of life…

Dikla Wagner, Munich Re's head of tech scouting

Munich Re’s Map For Investments In Israeli Insurtech Companies During 2020

By Ori Lavi-Pelleg on February 11, 2021 Articles, Investments

Dikla Wagner, head of tech scouting for Munich Re in Israel presented Munich Re’s map for investments in Israeli Insurtech companies during 2020. Wagner told Insurtech Israel News: “In 2020, Insurtech leaders are responsible for mega investment rounds and even an IPO. It is not surprising that those players offer digital insurance products. We can say with confidence that digital product building will continue to accelerate in 2021. This trend articulate customers’ needs and market dynamics during and post covid-19. Also, Israeli claim management & fruad tech received traction during 2020. We hope to see the Israeli players continuing to…

Gil Arazi

Fintlv Raises 120 Million Dollar Second Fund For Investment In Insurtech And Fintech Companies Worldwide

By Ori Lavi-Pelleg on February 11, 2021 Investments

The FinTLV venture capital fund has raised its second fund – FinTLV II. The new 120 million dollar fund will be focusing mainly on growth companies around the world in the insurtech and fintech sectors. FinTLV invested some 200 million dollars in the past year. Investors in the fund include Clal Insurance and Finance, Psagot and Hapoalim Capital Markets as anchor investors, Ayalon, Japanese insurance giant MS&AD and additional insurance companies from around the world, including FWD from Hong Kong, LB from Denmark and Reale Mutua from Italy. Additional investors: BDO Israel, Metrix as a technological partner as well as…

Arik Yogev and Kobi Bendelak

34 Startups Register For Ayalon-insurtech Israel Accelerator

By Ori Lavi-Pelleg on February 11, 2021 L&H, news, P&C

The insurtech accelerator set up by Ayalon, InsurTech Israel and BrokerTech Ventures reports the end of the first stage and registration of 34 start-ups, of which only five will be able to take part in the first session, which is due to commence in April of this year. The selection will be carried out by leading Israeli and international experts in the business environment of the world of insurance, technology and investments, who will also be acting as mentors to the entrepreneurs and will assist them in presenting business propositions to investors and insurance companies in Israel and abroad. The initial…

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