Currently three initiatives in the pipeline for setting up new insurance companies, including the Passportcard travel insurance agency, and the agents insurance company initiative being set up by Yaakov Alfasi * Barket to his regulatory colleagues: become less regulators and more enablers. First businesses need to be created and afterwards regulation for them “It looks like we will be approving a new insurance company this week, with another two on the way” – so said Insurance Commissioner Dr. Moshe Bareket at the launch convention for the Finnovation community – the official community for the Fintech and Insurtech sectors in Israel.…
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Tokyo Marine Holdings will be assisted by Harel in finding Israeli products in the innovate and digitalization fields * The companies will cooperate in many areas in the worlds of customer service and assimilation of technological systems Harel and the Japanese insurance giant Tokyo Marine Holdings will be collaborating in seeking out Israeli hi-tech companies in the areas of innovation and digitalization. According to the agreement, Harel and Tokyo Marine will work together to find Israeli companies involved in innovative technologies and services, and Harel will have access Tokyo Marine’s leading technological infrastructure. The collaboration was led by the Deloitte…
Startup has developed an artificial intelligence system for rapid and accurate evaluation of claims The Menorah Mivtachim group is investing the Israeli Legal Automation startup. The company has developed a unique artificial intelligence system for carrying out analysis and evaluation of claims which is accurate and fast in comparison with the traditional methods currently on offer. In addition, the Legal Automation system will help the insurance companies to save valuable time and extensive resources in the area of claims handling and will also reduce human errors caused by the extraction of information from huge quantities of documents. Menorah Mivtachim…
Bareket is also raising for discussion matters of principle: How should the barriers be dealt with? To what extent do the easements in the document give a real response to overcoming the existing barriers regarding investments in insuretech ventures? Are there additional steps that can help? What are the current barriers that need to be dealt with in connection with investments in insuretech? This is the main question which Insurance Commissioner Dr Moshe Bareket is posing for the insurance and pension sector. Within the framework of a consultative paper, aimed at raising discussion on the manner of granting easements for…
12 companies competed for a ticket for the SBC Organization’s international competition in Hertford, Connecticut * During the event, technologies were presented on the subject of automatic medical opinions on the need for surgery, automatic underwriting and claims handling and virtual service reps * Insurtech Israel CEO Kobi Bendalek: We do not invest only in ventures, but mainly accompany them using the extensive experience of the fund’s manages in the area of insurance As part of collaboration between the Israeli InsureTech Israel investment fund and SBC, a Fast Day event was held Last week with 12 top Israeli startups…