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$The Corona Virus And Its Impact On The Insurance Companies \ By Ofer Brandt$

The Corona Virus And Its Impact On The Insurance Companies \ By Ofer Brandt

By admin on March 25, 2020 Articles, L&H, P&C

Actuary Ofer Brandt explains the possible implications of the Corona epidemic on the insurance companies and how intelligent risk management can assist in coping with it The World Health Organization last week declared the Corona virus to be a pandemic. German Chancellor Angela Merkel estimated that there is a good chance of 60%-70% of Germans being infected by the virus. This is based amongst other things on mathematical models showing that for every known case of infection there are four additional cases that have not been reported. Such a rapid outbreak and spread of a virus last happened worldwide in 1918, during World War 1. This is known…

$The Israeli Insurtech Industry Helps The World Fight The Corona Virus \ By Kobi Bendalak$

Kobi Bendalak

The Israeli Insurtech Industry Helps The World Fight The Corona Virus \ By Kobi Bendalak

By admin on March 22, 2020 Premium

Yes, the world has changed. It will no longer be the same world we experienced before the Corona. Even if the virus disappears the experience remains, the Coronavirus disease will undoubtedly a dramatic effect on the human life. The insurance industry is shaking up. The need to cover the damages caused to customers by the virus but not less the decline in sales and revenue The InsurTech world is going through a difficult time. Especially because most of the startups are early-stage companies that need external funding for their activities and some of the applications is not perfectly prepared However,…

Eugene Greenberg, Chairman and CEO at Click-Ins

Damage Detection Can Save Billions From Insurance Fraud

By admin on March 10, 2020 Claims, P&C

Eugene Greenberg, CEO and Co-Founder at Click-Ins: An estimated $120 billion USD are lost to insurance fraud, but that amount is reflective of investigated cases only. $300-$400 billion USD account for non-investigated fraud losses 500 Billion USD are lost to insurance fraud – this is the estimation of Eugene Greenberg, CEO and Co-Founder at Click-Ins. Click-Ins offers a next-generation, automated SaaS solution for insurance companies, and the automotive industry that detects any external damage, and turns the damage into unique identifiers, like a fingerprint. Click-Ins requires digital images of the vehicle – a digital image from just the click of any camera…

Yossi Yarkoni - Founder & CEO - Robin

After A Successful Poc, Robin Expends Its Digital Broker-as-a-service Platform To Europe To Be Used By Banks, Insurers And Large Brokers As A Private Label Solution Under Their Own Brand

By admin on March 10, 2020 L&H, Systems

Howden, the world’s third largest insurance broker, recently executed a strategic investment in Robin. The strategic collaboration will enable the company to present the up to date solution to Howden branches around the world for independent use vis-à-vis suitable clients and via other parties in the insurance and pension value chain The Robin Insuretech startup, which operates as insurance and pension Digital Broker and developed a Digital Broker as a Service platform, is currently expending its operation to England, Germany and the USA. As part of this deployment, the company has been accepted to Munich Re’s insurtech hothouse. Robin was…

Sonja Kohn Bestfit Founder & Managing Partner

Bestfit has been accepted as an IBM business partner

By admin on March 5, 2020 AI, L&H, P&C

Bestfit has developed a profiling system, based on AI and HI – Human Intelligence. Using a short questionnaire, and a synergy of science, psychology, technology and BI, Bestfit provides data on the customer’s emotional DNA Bestfit has been accepted as an IBM registered business partner. Bestfit, which was recently selected as a DIA top 100 Insurtech company at 2019, has developed a profiling system, based on AI and HI – Human Intelligence, that enables insurance companies a better approach to their customers. The insurance companies’ goal, on the one hand, is to grow in sales revenues, and to increase…

The First Edition Of INSURTECH ISRAEL NEWS

By admin on February 26, 2020 news, Premium

A vibrant insurtech industry has been developing in Israel in recent years. Over 100 ventures have started operating here in the last few years and have created a vibrant, rich and thriving ecosystem. The Israeli regulator is heavily involved in the sector, and is supporting and assisting insurtech in a number of ways. Testifying to the success of the sector in Israel are three companies each worth over a billion dollars – Lemonade, Hippo and Next Insurance. The entrepreneurs working in the Israeli insurtech market are for the most part older entrepreneurs with experience in the field – which increases…

Accurate Underwriting And Permanent Touch Base: Binah.ai In Strategic Collaboration With Japanese Sompo Insurance Giant

By admin on February 24, 2020 AI, L&H

Binah.ai owns technology that enables insurers to identify the heart rate, blood oxygenation, breathing rate, HRV and level of mental stress of insurance candidates and clients– via video. The technology may help insurance companies to carry out more accurate and reliable underwriting when commencing insurance, as well as ongoing monitoring of the insured’s state of health over the lifetime of the policy Real time identification of the insured’s state of general health – this is the message that Binah.ai is bringing to the insurance companies. The company has developed technology that enables it to identify main vital signs on the…

Breaking Into The International Market: Kovrr Is Expanding And Recruiting Senior Staff In Europe And The USA

By admin on February 23, 2020 Cyber

CEO and Co-Founder Yakir Golan: There is a lack of awareness to silent cyber risk exposure within traditional insurance portfolios. Every commercial insurance company needs to manage its cyber exposure even if it does not write affirmative cyber policies The Kovrr cyber risk modeling company is expanding its recruitment for senior executives from the European and American insurance market. The company has recruited David Clouston, former Interim Head of Catastrophe Risk at Lloyds and now an advisor to multiple global firms on their exposure management process and cyber strategy. The company has also recruited Marco Lo Giudice, PhD, an expert…

Legacy Issues

By admin on February 19, 2020 Systems

Openlegacy recently raised 20 million dollars from the Japanese SBI Bank and has started working with the European insurance giant, BNP Paribas-Cardif * Gil Paecht, operations manager in India and in Israel, in a conversation with Insuretech Israel News: Openlegacy is an integrative system that replaces the many layers that have been built on top of the core systems, with a single, simple and fast system The problem of the legacy systems is one that is characteristic of insurance companies, banks and real companies all over the world – according to Gil Paecht, Openlegacy operations manager in India and in…

Buying Micro Insurance Along The Way

By admin on February 17, 2020 P&C

Apfie founders Tal Cohen and Yarden Peled, aim at bringing about one-click insurance purchasing * The idea, Cohen says, is to link up with partners who are not necessarily from the insurance world and enable them to offer insurance as a complementary service The high costs of online distribution and outdated distribution processes result in many insurances not succeeding in being sold digitally, according to the founders of the insuretch startup Apfie, Tal Cohen and Yarden Peled. Apfie has set itself the goal of bringing about the one-click sale of insurance or micro-insurance. Peled recently left his position as the…

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