#featured Archives - Page 64 of 66 - Insurtech Israel News

Three Israeli InsurTechs Are Participating In Lloyd’s Lab Fourth Cohort

By admin on May 6, 2020 news

Kovrr, Parametrix and Orca AI and other nine insurtech had recently started the program Lloyd’s has selected twelve new InsurTech disruptors, among them three Israeli Startups, ‎to join the global (re)insurance market’s innovation ‎accelerator, as part of Lloyd’s commitment to ‎becoming the most technologically advanced ‎insurance marketplace in the world.‎ The Israeli InsurTechs are: * Kovrr – a platform that enables (re)insurers to financially quantify cyber risk.‎ * Parametrix – an MGA, that creates parametric insurance for external service downtime such as cloud ‎outages, network crashes and platform failures. Its products help to close the protection gap in ‎business interruption.‎…

Roojoom’s Personal Journey Orchestration platform uses AI to reinvent how Insurance companies engage with customers

By admin on April 22, 2020 AI, L&H, P&C

Roojoom’s Personal Journey Orchestration platform uses AI to reinvent how brands engage with each individual customer for optimal impact on business KPIs (key performance indicator). That includes customer loyalty, value and satisfaction, as well as customer service operational costs. Yuval Shemesh, Roojoom CEO and Co-Founder, in a conversation with Insurtech Israel News: “Roojoom’s benefits include lifting business KPIs as: Reduce Policy Lapse Ratio, Dramatically improve Customer Satisfaction, Reduce Policy admin cost per policy and Increase digital adoption and self-service”. Explain the term Customer Journey and its importance to insurance companies. Shemesh: The customer journey incorporates all the experiences and interactions…

Hospitals In Montreal Will Integrate The Binah.ai’s Technology In The Fight Against The Coronavirus

By admin on April 22, 2020 AI, L&H

The CIUSSS Hospital in Montreal and the Côte-des-Neiges Hospital will integrate the technology of the Israeli technology company, Binah.ai, in the fight against the Coronavirus. Using Binah.ai’s Vital Signs Monitoring Tool will help triage nurses can check vital signs (heart rate, respiratory rate, and the blood’s oxygen saturation) without touching patients; the condition of certain hospitalized patients can be monitored from their beds, and the vital signs of patients at home can be checked remotely. The technology can even detect subtle changes that might otherwise go unnoticed. As a further bonus, with staff entering quarantined rooms less often, stocks of…

Guy Attar, Founder & Vp Business Development Of Geox: Our Data Helps Insurers To Save Millions In Their Underwriting And Claims Processes

By admin on April 22, 2020 P&C, Systems

“Our data helps insurers, re-insurers, wholesale brokers and Third-Party Administrators to save millions in their Underwriting and Claims processes by making their decisions based on objective and reliable data” says Guy Attar, Founder & VP Business Development of GeoX. In a conversation with Insurtech Israel news, he talks about GeoX activity, and the value for the insurance sector. Describe GeoX’s activity? Attar: GeoX is an Aerial Imagery AI analytics company. We produce geospatial Property Data which is used for Underwriting & Claims in the US and European insurance industries. Our unique proposition is in our 3-dimensional extraction technology which…

Assaf Wand, Hippo Co-founder and CEO

Assaf Wand, CEO and Co-Founder of Hippo: The Best Policy Is The One That You Never Have To Use

By admin on April 8, 2020 P&C

“Traditional insurance companies only interact with you when you’ve got a claim. Our insurance uses technology that could help prevent a claim from ever happening in the first place. Because, in our eyes the best insurance policy is the one that you never have to use”. These are the words of Assaf Wand, CEO and Co-Founder of Hippo. In a conversation with INSURTECH ISREAL NEWS, wand talks about Hippos unique Business Model, It’s effect on the Insurance Industry and the Customers. 5 years after being founded– how are the American people adopting your business model? Before I decided to…

Making Better Decisions

By admin on April 8, 2020 AI

Human review of medical records is slow and not accurate enough, and Essential information is often missed – says Yuval Man, the CEO Of Digital Owl. Man explains that Computers don’t get bored or tired, and they extract more meaningful medical information in a significantly shorter time. DigitalOwl (formerly known as Legal Automation) developed an AI system for underwriters and claim analysts, primarily working with products such as Life, Disability, Workers’ Compensation, Accident, and Voluntary/Supplemental products. DigitalOwl’s system reads, understands, and analyzes medical documents automatically and quickly. Using a state-of-the-art NLP engine, the system extracts the relevant medical information that…

Kobi Bendalak

The Israeli InsurTech Roadshow – Live Virtual Pitch Event

By admin on April 8, 2020 People

More than 200 insurance companies, venture capital funds and key personnel from 23 countries took part in the virtual Israel Insuretech Conference held on Monday (April 6). 19 Israeli startups in the Insurtech sector presented their technologies to the participants and answered questions from the audience. The aim of the Conference, says InsurTech Israel CEO Kobi Bendelak was to promote the Israeli InsurTech industry in these challenging and difficult times. Ineed, this difficult period has emphasized the great and important need amongst insurance companies for technology and this is clear from the event itself, with tens of insurance companies from…

Elyasaf Moas

Challenging The Industry’s Basic Assumptions

By admin on March 25, 2020 P&C

YOUS founders Arik Sasi and Elyasaf Moas: Our aim is to use data that can be gathered in real-time in order to estimate the customer’s accurate risk and insurance needs “Our aim is to use data that can be gathered in real-time in order to estimate the customer’s accurate risk and insurance needs” – say Arik Sasi and Elyasaf Moas, the founders of YOUS. The idea is to create the customer’s overall picture and to enable a precise insurance offering tailored made to the customer. Sasi and Moas are challenging the industry’s basic assumptions, which appear to be taken for granted and question why car and home policies are sold mostly annually? Why…

$Can The Global Players Subdue The New Innovations? \ by Kobi Bendelak$

Can The Global Players Subdue The New Innovations? \ by Kobi Bendelak

By admin on March 25, 2020 Articles

An important question in the Insurtech industry is how the big players in the market, and especially the insurance companies, relate to the Insurtech world. Whether they feel if there is a threat or an opportunity From conversations that I made with many insurance companies around the world, and especially in Europe, I am impressed that there is a great deal of interest in the field of Insurtech. Is it a matter of great curiosity and a desire to understand what has happened behind the wall or that interest is genuine in order to adopt new changes and technologies? As…

Creating A Health-Based Economy

By admin on March 25, 2020 L&H

“Today, in Israel, everything can be purchased with health coins. In fact, we created a new economy – a health-based economy”, says Alon Silberberg, CEO of Yuvital, the developer of Rumble. Rumble is a digital solution built for insurance companies that mitigates risks, gathers and analyzes unbiased health and behavior data with increased accuracy, deepens customer relationships, and creates a positive digital experience by using social, psychological and economic incentives to lead a more healthy and active lifestyle for policyholders. How can you improve one’s health with a smartphone Application? Silberberg: We have developed a mobile app that allows us to reward any customer or potential customer for having an active and healthy lifestyle. With…

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