#featured Archives - Page 63 of 69 - Insurtech Israel News

Roi Agababa, Novidea CEO

Israeli InsurTech platform provider Novidea secures $15 million in Series B financing

By Ori Lavi-Pelleg on November 25, 2020 L&H, P&C, Systems

Novidea, a leading global provider of the data-driven, cloud-based platform that enables brokers, agents, and MGAs to drive operational efficiencies and growth across the entire distribution lifecycle, today announces the successful completion of $15 million in Series B financing. The round was led by JAL Ventures Fund II, with the participation of existing investors including KT Squared LLC and 2B Angels. Many insurance businesses are encumbered by legacy systems that are limited, inflexible, and expensive to update. With Novidea, customers benefit from a cloud-based platform that makes it possible to work from any device, anywhere. This enables accelerated growth and…

Incentives Solutions introduces a novel technology for calculating and managing commission agreements at insurance companies and agencies

By Ori Lavi-Pelleg on November 19, 2020 news, Systems

Incentives Solutions, which specializes in planning and managing incentives and commissions, is launching JOOPY Insurance, a first of its kind system for implementing complex business models for insurance agents. Starting in 2020, the system was installed by several large Israeli insurance companies and provides the firms with a tool for managing work agreements with their agents and calculating volume commissions while at the same time offering a solution to complex models. Calculating volume commissions of insurance agents is one of the most complex challenges for insurance companies, due to the high level of competition in the sector and the need…

Rami Bakhar

We Are Developing Insurance Per Minute/Ride For Two-Wheeler Riders

By Ori Lavi-Pelleg on November 19, 2020 MICROINSURANCE, P&C

Q&A with Rami Bakhar, Urban Ride Founder and CEO What is Urban Ride’s Main activity? Bakhar: We believe that every person needs a financial safety net to feel safe and protected when unexpected things happen. Especially when it comes to electric two-wheeler riders who are at risk for more accidents than car and pedestrian drivers. UR insurance allows every rider to protect themselves from financial harm and maintain a current income level appropriate to their lifestyle even in the event of injury and disability. what are the main characteristics of the Electric bicycle riders? Bakhar: Electric two-wheeler riders…

Yaron Cohen

Clarity solution lowers the employer’s technological and psychological barriers

By Ori Lavi-Pelleg on November 17, 2020 L&H, Pension, Systems

Q&A with Yaron Cohen, Clarity CEO What does Clarity do? Cohen: Clarity is a SaaS solution for employer workplace pension duties, with employee’s freedom of choice. Clarity enables Pension auto enrolment with multiple carriers and complex insurance & pension plan. It performs funds transfer (reporting and clearance) to pension and insurance companies and enables working with multi agents and advisors. All these processes are carried out under strict control and monitor of the process. Clarity solution significantly lowers the employer’s technological and psychological barriers; it enables the employers to work with multiple pension companies and agents as if they…

Property Insurers : Are you eyeing for a data based competitive advantage?

By Ori Lavi-Pelleg on November 12, 2020 Articles, P&C

By Dr. Upendra Belhe, President, Belhe analytics advisory and Guy Attar, Co-founder & Executive Chairman, GEOX Property and casualty (P&C) insurance represents $1.6 trillion in premiums (about one-third of the insurance industry). Industry reports state that the Homeowners’ Insurance segment alone is $105.7bn in 2020. The insurance industry is evolving. Property and casualty insurance now benefit from risk models that analyze huge and diverse data sets. New data source influencers are emerging in the insurance industry, with the hope to provide the most comprehensive and accurate assessment of a property. Comprehensive address, parcel and building information; current and historical owners,…

Gir Or

WhatsApp open rate is above 90%. If you want to get your customer attention, whatsapp is the way

By Ori Lavi-Pelleg on November 4, 2020 L&H, P&C, Systems

Q&A with Gil Or, Whatsper CEO What does whatsper do? Or: Whatsper provides a wide solution for businesses seeking to connect and interact with their customers via Whatsapp. We have developed a technology to handle incoming chats, our smart and intuitive bot provides the initial response and our proprietary Whatsper Inbox will allow multiple agents and departments to communicate. What are the benefits of using whatsapp as a marketing system over SMS, mail and other channels? Or: Whatsapp open rate is above 90% in most countries. If you want to get your customer attention, whatsapp is the way.…

Hillary Harel, CEO of Serenus.AI

Israeli Insurtech Serenus.AI won first place winner of MTL Tech Awards 2020

By Ori Lavi-Pelleg on November 4, 2020 AI, L&H, Systems

Tel-Aviv based startup, Serenus.AI won 1st place of MTL Tech Awards 2020, a leading innovation event in Canada by Printemps numérique. Chosen out of hundreds of startups from across the globe, Serenus.AI won first place, by the public and the jury among them representatives from international companies such as Deloitte, and OVHcloud. The Serenus.AI™ (Patent Pending) system is an artificial intelligence-based platform developed to assist medical professionals, insurers and patients with their medical treatment decisions, providing the right treatment for the right patient at minimum time. This innovative cloud-based platform uses unique algorithms that replicate the objective decision-making process of top physicians.…

Andres Kukawka

By encouraging and promoting accident prevention, Otorize can help in reducing Loss Ratio

By Ori Lavi-Pelleg on November 3, 2020 P&C, Systems

Q&A with Andres Kukawka, Founder & CEO/CTO at Otorize What does Otorize do? Kukawka: Otorize is a simple app that can detect impairment in seconds. It is NOT intrusive, NOT biological, NOT chemical, it does NOT use membranes or filters and there is NO need for maintenance. Being a cognitive test, 100% digital, IT IS effective in detecting impairment caused by any substance: alcohol, cannabis, drugs, and more. Otorize is a Health and Safety solution in the Workplace Safety and Transportation Safety verticals. The Recreational Cannabis regulation of the last few years challenges the current paradigm of measuring substance…

Ronner Fischer, Insurtix CEO

We planned Insurtix to provide a unique smart digital core layer, handling all what is almost impossible to be handled in old legacy systems

By Ori Lavi-Pelleg on October 22, 2020 P&C, Systems

Q&A With Ronnen Fischer, Insurtix CEO What is Insurtix? Fischer: Insurtix is a modular breakthrough digital core layer for insurance. Who is it built for? Insurers or MGA’s? Fischer: Insurtix is targeted to any insurance activity such as Insurers and MGA’s. It was built as a suite of modules creating up to a full core platform – from policy administration system with underwriting capabilities up to a full core system handling claims, collection and more. It was planned to cooperate and easily integrate with third party systems such as CRM , Accounting systems and even existing legacy core platforms. What insurance companies…

eliron ekstein

Ravin’s artificial intelligence inspects vehicle condition to enable faster motor claim processing

By Ori Lavi-Pelleg on October 22, 2020 AI, Claims, P&C

Q&A with Eliron Ekstein, Co-Founder & CEO at Ravin What does Ravin do? Ekstein: Ravin’s artificial intelligence inspects vehicle condition to enable faster motor claim processing. Shortly after the incident, any user (including the claimant) can scan their vehicle using their mobile phone and receive a full 360-degree documentation of the vehicle’s condition, triaging of the claim to ‘light repair’ or more complex one, and breakdown of damages. How do you see the regular Claim experience for the insured? Ekstein: Despite attempts to digitize the claim submission, the process typically turns manual with phone calls and human estimations. Not…

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