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effi mor

RemitRix provides insurers with web-based application to optimize their balance sheet management

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By on AI, L&H, P&C, Systems

Q&A with Effi Mor, Remitrix CEO What does RemitRix do? Mor: RemitRix provides insurers with web-based SaaS application to optimize their balance sheet  management under Solvency II and IFRS17. What are the solutions you provide for you customers? Mor:  Solvency II & IFRS17 engine with reporting tool, ALM, financial risk management, actuarial modeling, ML modeling for actuaries. What are the values that RemitRix offer to the market? Mor: Actuarial work automation, improved predictions accuracy, capital and balance sheet management optimization, Holistic solution. How can technology and machine learning improve the risk management of insurance companies? Mor:  Better utilize data for…

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By Shira Warshavski, VP Marketing at Atidot

Life Insurers Can Provide Better Insurance To Next Gen Customers / Shira Warshavski, VP Marketing, Atidot

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By on AI, Big Data, L&H

Life insurance margins continue to be squeezed due to the plunging interest rates, as well as the precipitous drop in the stock market and global economic crises. The much-awaited rise in interest rates has not materialized, and recent events such as COVID 19 and high unemployment rates make it clear that they will continue to plunge. As a result, it is crucial for life insurance providers to find new ways to maximize the revenue opportunities available to them, such as locating current policyholders who possess the potential for substantial upsell, and Next Gen customers that are looking for personalization, all…

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upendra belhe

GeoX appoints insurance analytics veteran Dr. Upendra Belhe as their board advisor

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By on P&C, People

GeoX, the innovator and patent owner in the use of Machine vision and Deep learning for providing the property data based on aerial imagery announced that it has appointed Dr. Upendra Belhe as their board advisor. “Upendra, one of the sharpest minds in insurance analytics, brings the length and depth of the use of data and analytics to aid our mission of accelerating the use of property imagery data in the P&C space worldwide,”  said Izik Lavy, Chief Executive Officer of GeoX. Dr. Upendra Belhe leverages his 25+ years of experience in data and advanced analytics to advise businesses on…

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Israeli Insurtech Next Insurance Raised $250 Million in Series D Financing

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By on Investments, P&C

Next Insurance, The Israeli insurtech company transforming small business insurance,  has raised $250 million in Series D financing led by CapitalG, Alphabet’s independent growth fund, with participation from FinTLV, a global leading insurtech VC, and existing investor Munich RE. CapitalG Partner Sumiran Das will join the Next Insurance Board of Directors. Next Insurance has now raised $631 million to bring simple, affordable, and tailored insurance products to the American economy’s most important growth engine: small businesses and the self-employed. Next Insurance’s technology-first approach drives down costs by up to 30 percent when compared to traditional policies. Other examples of Next…

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Hillary Harel, CEO of Serenus.AI
Hillary Harel, CEO of Serenus.AI

Serenus.AI and HealthTrio team up to innovate the authorization process through the use of advanced machine learning

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By on AI, L&H, news

Serenus.AI (Tel Aviv, Israel) and HealthTrio LLC. (Denver, CO) are teaming up to launch “AI Prior-Auth Connect”, a co-developed platform that uses artificial intelligence (AI) technologies developed by Serenus.AI integrated into HealthTrio’s advanced platform, to streamline and automate the process for medical prior authorizations while improving patient outcomes. Through the use of advanced machine learning technologies, this innovative initiative will improve and simplify the healthcare process, advance the quality of care, boost satisfaction across the care continuum, all while saving valuable resources. While traditionally a time-consuming and resource-driven manual process, this collaboration will enable providers and payers to streamline the authorizations process, allowing faster…

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We Do Not Sell Insurance, We Protect You

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By on People

A global campaign that deals with changing the image of those involved in the field of insurance – We Do Not Sell Insurance, We Protect You. In recent weeks, a global campaign led by insurance companies and influencers from around the world has begun to change the way customers perceive the insurance world from the world of insurance product sales to the world of protection. The campaign is run by Dr Robin Kira and is done in a cool way where Nike sneakers are sent to influencers around the world in order to upload on social media photos taken in interesting…

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Turn Manual Processes Into Digital Customer Journeys

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By on L&H, news, P&C, Systems

Q&A with Tal Daskal, EasySend CEO and Co-founder What does EasySend do?  Daskal: EasySend is a no-code platform for building and optimizing enterprise-grade digital customer journeys. EasySend empowers insurance companies and financial services to turn manual processes into digital customer journeys quickly, efficiently, and without writing a single line of code. Fully optimized digital journeys powered by EasySend enable customers to reduce friction and achieve an uplift in completion rates, eliminate manual data collection, reduce operational costs, maintain data integrity, and increase revenue. Can you give examples for work processes you can (and did) convert do  digital? Daskal: We…

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Kobi Bendalak

Expanded Israeli delegation will take Part In The World’s Biggest INSURTECH Conference – The ITC GLOBAL

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By on news, People

The InsurTech – ITC Connect Conference, the world’s largest InsureTech conference, will take place on the 21-23/09 and this year virtual  pl , for the fifth year in succession. More then  7,000 visitors wil participate in the conference, including the representatives of many insurance companies, investors, key persons and of course startups and technology people from all over the world. The conference gives exposure to new and advanced technologies in the world of insurance and a look into the future of the sector. InsurTech Israel CEO Kobi Bendelak: “Within the framework of InsurTech Israel’s Consulting Section, we put together a…

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Ido Peleg, Facetrom founder and CEO

Scaleup Brazil chose Facetrom among the top 15 most innovative start-ups in Israel for 2020

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By on People, Underwriting

Scaleup Brazil chose Facetrom among the top 15 most innovative start-ups in Israel for 2020. “As the first Insurtech to be selected for this program, I am excited to bring our technology – analytics aimed at extending insurance coverage – to the more than 45 million unbanked Brazilians today” – says Ido Peleg – Facetrom CEO and founder. Peleg: “Since the inception of Facetrom, the team has worked tirelessly building out our one-of-a-kind analysis platform – I am beyond proud of this work, and happy that scaleup Brazil has recognised this effort. “This opportunity that we have – to transform…

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Polibit Subsidiary Qualla Will Enable Online Issuing Of Policies, In Collaboration With The Phoenix And Ayalon

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By on AI

Qualla platform presents a technological breakthrough that will improve the insurance agent’s work and will enable him to compete with the direct insurances The Polibit subsidiary Qualla last week started offering for the first time, online issuing of policies, in collaboration with the Phoenix and Ayalon. The main innovation is that the issuing is carried out via a platform for comparing prices between the various insurance companies without going into the insurance companies’ systems. This represents a significant increase in the efficiency of the insurance agent office, with maximum saving of time and costs. On completion of the process the…

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