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With $6 Million In Funding, Bambi Dynamic Launches Technology That Enables Personalized, Usage-based Mobility Insurance 

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By on P&C

Bambi’s technology allows insurers and mobility service providers to offer their customers user-friendly digital insurance products covering existing and future mobility models   Bambi Dynamic, the leading data-and-connectivity-driven platform for mobility insurance products, today announced the launch and first deployment of its platform for flexible, personalized insurance products for insurers and mobility providers. Following the most recent closing of a Series A round – Bambi, to date, has secured $6 million in funding to expand its global offering. The latest funding round was led by MS&AD Ventures, the venture capital arm of Japan’s largest insurance and financial services provider MS&AD Insurance…

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David Maman, Binah.ai CEO: The Inclusion Of Our Capabilities In Sompo’s Live App Is A Proof Of Trust In Our Technology

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By on AI, L&H

“The inclusion of our capabilities in Sompo Himawara Life’s live app, launched on the local Japanese market, is another proof of trust in our technology”, says David Maman, Binah.ai founder and CEO. Sompo has recently launched a new App based on Binah.ai’s technology.  Maman spoke with INSURTECH ISRAEL NEWS about the cooperation with Sompo, and said: “We are very happy and honored to count Sompo as a long time customer and recently, as a strategic partner and investor. The POC we completed with Sompo Himawari Life was announced this last January after our solution underwent rigorous, 9 months long testing…

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Roni Al-Dor
Roni Al-Dor, Sapiens president and CEO

Sapiens Acquires Delphi Technology to Accelerate its North American Expansion in the Medical Professional Liability Market

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By on P&C, Systems

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a global provider of software solutions for the insurance industry, announced this week that it has entered into a definitive agreement to acquire Delphi Technology Inc. (Delphi), a leading vendor of software solutions for property & casualty (P&C) carriers, with a focus on the medical professional liability (MPL)/healthcare professional liability (HCPL) markets (sometimes referred to as “medical malpractice”). U.S.-based Delphi, founded in 1989 and headquartered in Boston, MA, has over 100 employees and approximately 40 insurance customers. The company offers core products for MPL, including policy administration, claims management, and financial and risk…

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A Turnkey Platform For The Travel Insurance Industry

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By on L&H, Systems, Travel

Q&A with Dan Manhein, Shelly founder and CEO * What does Shelly do? Manhein: Shelly offers a turnkey platform for the travel insurance industry, comprising of three components: – a white label one-stop-app providing travelers with peace of mind when traveling abroad – Robust Back-Office providing our partners (e.g. insurance companies, credit card companies, airlines etc.) with a powerful business tool that allows the business units to easily control the app (edit look & feel and logic), as well as run marketing campaign, all without their dev/IT resources. –  Dynamic ecosystem of 3rd party service providers (e.g. telemedicine) * The new app is…

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Moving To Video Medium Is A Game Changer For Insurance Companies

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By on Systems

Q&A with Tal Rubenczyk, Treepodia CEO * What does Treepodia do? Rubenczyk: We enhance customers communication using AI powered videos. * What is the value for an insurance company?  Rubenczyk: Insurance companies manage complicated communication with their clients using personalized videos. * What is the main problem in the insurance industry that treepodia is trying to solve? Rubenczyk: Being perceived as complicated, not clear, sometimes it is related to things we prefer not to think of (getting old, being in a trouble). Moving to video medium is a game changer for them. * What kind of videos have you produced…

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Dikla Wagner, Munich Re's head of tech scouting

As Well As Technologies For Immediate Use, We Are Looking ‎for Innovation That Will Create Disruption In The Sector

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By on People

Policy and PIL Conversation with Munich Re Israel representative Dikla Wagner on discovering start-ups and innovation Dikla Wagner is on the hunt for new technologies. As Munich Re’s head of tech scouting in Israel, she seeks our new technologies that can be put to immediate use by Munich Re, its subsidiaries and its clients – insurance companies. She is also looking for something else: disruptive technologies – some kind of innovation that will change the trajectory of the industry for years to come. That is no easy task, and so Wagner meets with hundreds of Israeli startups each year, checking…

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Assaf Wand, Hippo Co-founder and CEO

Hippo Closes $150 Million Series E Funding Round, Bringing Total Raised to $359 Million

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By on P&C

Assaf Wand, Hippo Co-founder and CEO: We set out to change the relationship between homeowners and home insurance Hippo, the Israeli high-growth insurtech group that’s transforming home insurance, closed $150 million in Series E funding, valuing its business at $1.5 billion post-financing. Hippo’s innovative home insurance model includes world-class customer experience and services that proactively identify and help to resolve risks for its consumers. In the past 12 months, the company has grown its total written premiums to $270 million, growing at 140 percent YoY. Hippo welcomed FinTLV, Ribbit Capital, Dragoneer and Innovius Capital as new investors in the oversubscribed…

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Long Term And Deeper Interaction With The Clients

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By on L&H

Q&A with Dr. Oren Fuerst, Onlife co-founder What does Onlife do? Fuerst: We combine in a unique way Online Term life insurance underwriting and policy issuance along with ongoing digital healthy lifestyle and behavior economics tools. That enables long term and deeper interaction with the clients, reducing risk asymmetry and hence pricing, while improving profitability. What population are you approaching? Fuerst: We are focused on people that either have or are at high risk of developing chronic illnesses, and in particular those with metabolic syndrome (including pre diabetes, diabetes and others). How can you know if the insured is getting…

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By Shira Warshavski, VP Marketing at Atidot

Stepping Into The Future Of Product And Pricing Design

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By on AI, L&H

Q&A with Shira Warshavski, VP Marketing at Atidot. What does Atidot Do? Warshavski: Atidot is a leader in predictive analytics, artificial intelligence and machine learning solutions for the Life and Annuity insurance industry. Founded by a team of data scientists and veteran actuaries, Atidot offers a cloud-based software platform that provides data-driven insights to inform decision making, drive new business strategies, and create new revenue streams. The company has offices in the US, UK and Israel and was listed in the InsurTech100 Companies  for 3 consecutive years by the research firm FinTech Global. In 2019 the company won a Gartner…

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Tal Berzon, digital transformation manager at Berzon Daimond insurance agency

The Democratization Of The Jewellers’ Block Insurance

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By on P&C

Q&A with Tal Berzon, digital transformation manager at Berzon Daimond insurance agency Tell me about Berzon’s digital Business. Berzon: After approximately 2 years long period of preparations which included: build-up of internet tech platform online process crystallization insurance documentation online premium payment collection integration of all this into one user friendly online system confirmation by regulation In September 2019 we launched our On Line specialized Private Jewellery insurance activity which is now fully operational with steady inflow of online clients. We keep developing our digital business including upgrade of the system and extending it to additional geographical areas as well as…

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