#featured Archives - Page 60 of 69 - Insurtech Israel News

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…

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,…

Browsing: #featured