Browsing: #featured

Q&A with Oshrat Ben Moshe, Ginger Founder and CEO What does Ginger do? Ben Moshe: 𝐆𝐢𝐧𝐠𝐞𝐫 is a 𝐬𝐭𝐚𝐫𝐭-𝐮𝐩 providing an innovative solution for the sector related to 𝐡𝐞𝐚𝐥𝐭𝐡 𝐚𝐧𝐝 𝐭𝐫𝐚𝐯𝐞𝐥. Based on a digital platform, an app, allowing control and management by both employer and the employee. Ginger is currently operating in dozens of leading high-tech companies, providing response and service for tens of thousands of employees. By using technological and complementary services targeting not only health and travel issues but including 𝐰𝐞𝐥𝐥𝐧𝐞𝐬𝐬 𝐚𝐧𝐝 𝐰𝐞𝐥𝐥𝐛𝐞𝐢𝐧𝐠 benefits, we are able to create a 𝐬𝐢𝐧𝐠𝐥𝐞 𝐢𝐧𝐭𝐞𝐫𝐟𝐚𝐜𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐢𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬 of…

Click-Ins announced that insurers and automotive companies can now access AI powered vehicle inspection as a 1-Click solution on the Claim Technology marketplace. Click-Ins innovation is based on a Hybrid AI approach using pre-trained simulated data produced and proprietary owned by the company to train its AI modules together with multidisciplinary technologies such as, deep learning, photogrammetry, 3D modeling, applied mathematics and computer vision. This is a new addition to Claim Technology’s 1-Click Insurtech platform, which allows insurers to consume dozens of solutions from best-in-class insurtechs, all through a single API.  The company is working with insurtech startups to help…

Q&A with Uri Taiber, Founder and CEO at Insfocus What does InsFocus do? Taiber: InsFocus is a suite of insurance data related solutions, ranging from reporting & analytics to employee incentives & agent campaigns. It is used for both P&C and L&H insurance domains. Where do you extract data from? Taiber: We extract data from the various source systems of insurance companies – policies & claims admin systems, workflow systems, accounting systems. The product is built around a centralized enterprise data warehouse that extracts the data from those source systems. Is InsFocus software limited to any specific…

Q&A with Yuval Shafrir, Urbanico’s CEO & Co-founder What does Urbanico Do? Shafrir: Urbanico is building a smart-cities’ data fusion platform, helping insurance companies with efficient utilization of hyper localized urban data, to improve risk assessment processes on both actuarial and underwriting levels. How can this Data of Information can help Insurance companies? Shafrir: As opposed to industries such as automotive and telco, that have reduced their unit costs by more than 50% over the past 15 years, administrative cost per policy for the P&C insurance industry has remained unchanged or even increased. Technological advances in ML and…

Q&A with Henry Hazan, Wepy Founder and CTO What does Wepy do? Hazan: A Platform for business and communities to self-insure, instead of purchasing an insurance policy. What are the benefits for the employers? Hazan: Back office to manage the claim process, actuary algorithms for every coverage optimized for his members, 60% cost cutting on insurance,  custom coverages. What are the benefits for the employees? Hazan: settlements in 8 seconds (for claims managed by AI), 100% digital claim experience [digital signatures + chat], TPA built on demand. Which technologies are being used in wepy? Hazan: Microservices,…

There is no doubt that Corona, alongside the huge challenges and the damage to extensive areas of the economy, also resulted in massive development of the technological and digital aspects of the world of insurance. The main gainers from the technological push are the insuretech companies, who develop digital systems for the insurance companies and the agents or those operating in the area of direct insurances vis-à-vis the end customers. In 2020 Israel has strengthened its position as one of the global insuretech capitals, with a number of the world’s leading companies in the sector being Israeli – for example…

OKO’s new insurance service is making a big splash for its inaugural season in Mali, reimbursing the losses suffered by farmers. A good example of the possibilities offered by mobile and satellite technologies to provide an essential service to the most vulnerable populations. Heavy rains in Mali in July and August had disastrous consequences for farmers. However, some farmers can rejoice: they insured their fields at the start of the season, and immediately received compensation for their losses. Crop insurance is a new service brought by the young innovative company OKO. OKO has established a partnership with Orange and SUNU…

The Insurtech ecosystem in Israel is growing very fast, with about 100 companies currently in this field. Israel is home to the world’s leading Insurtech companies and has seen mega-investment rounds. Lemonade completed its Initial Public Offering in July 2020. The company priced its IPO at $29 per share, raising approximately $319 million at a market capitalization of approximately $1.6 billion. Next insurance raised $250 million led by Munich Re, and recently announced another $250 million round led by Capital-G with participation from Munich Re. Hippo raised $350 million led by Mitsui Sumitomo. Mitsui also provided Reinsurance Treaty. The rest…

Q&A With Uri Keren, CRO at Click-Ins   What does Click-ins do? Keren: Click-Ins is the next-generation AI automatic vehicle damage inspection solution that enables insurance and car companies to automatically detect, analyze and process external vehicle damage, at high precision and consistency, without the need for special equipment or skilled personnel. We already work with the leading insurance, car rental, car share and car fleet companies, helping them to reduce touchpoints, automate decisions, reduce fraud & risk, and increase customers’ satisfaction. Click-Ins Hybrid AI technology is based on a multidisciplinary approach which combines our unique capability to pre-train our own…

Q&A with Omri Yacubovich, VP Business Development & Marketing at Planck What does Planck do? Yacubovich:  Planck takes a business name and address and creates hundreds of risk related insights or in other words, Planck provides all the answers to commercial insurance applications and underwriting questions, using publicly available information and proprietary artificial intelligence capabilities. The data that Planck creates serves both business owners and insurance companies to provide the most accurate pricing and coverage, dismissing long and time-consuming questionnaires. This results in frictionless onboarding processes and better pricing for business owners which leads to more business for the carriers,…

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