#featured Archives - Page 66 of 69 - Insurtech Israel News

Dr. Elad Ofir, Insurights CEO

Better Understanding Of The Health Insurance Policy

By admin on July 9, 2020 AI, L&H

Q&A with Dr. Elad Ofir, Insurights CEO What does Insurights do? Ofir: Insurights is a user friendly & user specific Optimized Health Coverage Solution for health insurance vendors (Insurance companies & brokers) allowing more simple & dependable access to medical rights information. We help individuals be healthier by giving them a tool to understand and leverage their health insurance and wellness benefits. Not only we help to answer any health coverage related questions, we actually notify the user about relevant health covered procedures (e.g., annual physical exams, flu shots). Important to mention that Insurights’ platform provides answers and information based…

Ido Peleg

Facetrom Analyzes Facial Photos And Predicts The User’s Risk At 92% Accuracy

By admin on July 9, 2020 AI, Claims, Underwriting

Q&A with Ido Peleg, Facetrom founder and CEO “Facetrom helps 2.9 Billion unbanked people in the world to get services from financial and insurance companies” – says Ido Peleg, Facetrom founder and CEO. According to him, 2.9B people in the world can’t get services and promote their lives because the companies are concern these people will do a criminal activity or expand their claims. Peleg: “Facetrom goal is to help the world and the Unbanked people. By using Facetrom, unbanked people can get services without sharing any personal data such as ID number, phone number, name and any other detail…

Bridge The Gap Between Insurers Solutions To Customers’ Needs

By admin on July 9, 2020 P&C

Q&A with Tomer Kashi, VOOM co-founder and CEO What does VOOM do? Kashi: VOOM is an Insurtech startup that provides innovative, usage based insurance solutions for the mobility space. VOOM partners with insurers to help them create new products and bridge the gap between their current solutions to today’s customers’ expectations and needs. What advantages do you have over insurance companies in developing Insurance products? Kashi: VOOM developed a unique Usage-Based Insurance platform, supported by a combination of a powerful AI-based risk analysis engine, proprietary born-in-the-cloud policy admin system and an effective API based distribution. This platform gives us several…

Mapfre Re Collaborates With Kovrr To Manage Cyber Risk Accumulations

By admin on July 9, 2020 Cyber

MAPFRE RE aims to leverage Kovrr’s portfolio management solution for analyzing accumulated cyber risk exposure in cyber (re)insurance treaties. MAPFRE RE, the reinsurance unit of MAPFRE Group, a global insurance and reinsurance provider, today announced that it is collaborating with Kovrr, a cyber risk modeling company to advance their capabilities for assessing accumulated cyber risk exposure in their treaties. Kovrr’s portfolio management is the first solution to introduce advanced machine learning sampling technology which creates representational synthetic portfolios when information regarding treaty risk composition is limited. The solution allows (re)insurers to financially quantify cyber risk for facultative books and treaties.…

There Is A Huge Need For An Aggregator ‏that Will Provide Solutions To Agents And Manufacturers

By admin on June 18, 2020 L&H, P&C, People, Systems

Q&A with Eyal Shvartz, Trusty CEO Trusty has built a general platform to compare and grade Insurance agents, from all the insurance companies In Israel. What are your plans for markets outside of Israel? Shvartz: Naturally, as we are based in Israel and know the insurance market, players and regulations very well, we consider the Israeli market as our Beta Site, the first market to test and evaluate our technology, concept, business models and consumer value. Based on the conclusions from our Beta Site (the Israeli market), our vision and strategy is to go global and use our technology and…

Going Public: Lemonade Is Expecting To ‎raise 100$ Million In IPO

By admin on June 18, 2020 P&C

Lemonade has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock. Application has been made for listing the common stock on the New York Stock Exchange under the ticker symbol “LMND.” The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the…

Assaf Wand, Hippo Co-founder and CEO

Israeli Insurtech Company Hippo Acquires Spinnaker Insurance Company

By admin on June 18, 2020 Investments, P&C

Hippo has entered into a definitive agreement, pending regulatory approval, to acquire Spinnaker Insurance Company, a national property and casualty insurer licensed in 50 states and rated A- (Excellent) by A.M. Best Company. As part of the acquisition, Spinnaker will join Hippo’s family of companies. Hippo Insurance Services has partnered with Spinnaker as its largest carrier platform since 2017, with Spinnaker-backed Hippo products currently available to consumers in more than 18 states. The acquisition of Spinnaker showcases the alignment between the two companies and the strength of the partnership built over the last 3 years. This strategic move will allow…

Atidot And iPipeline Will Cooperate with Pacific Life to Optimize Market Penetration

By admin on June 18, 2020 AI, L&H

Pacific Life has selected Atidot’s predictive analytics models and ipipeline’s InsureSight® case analytics to analyze the impact of product and pricing changes based on prior sales performance and industry data. The ability to predict future performance based on product selection, producer group, producer, location, demographic, and other critical factors will enable Pacific Life to adjust its product, pricing, or distribution strategy dynamically to optimize market penetration. “Pacific Life is clearly stepping into the future of product design and pricing with the implementation of InsureSight case analytics and Atidot’s predictive analytics models. Based on the results, they will be able…

ilan dorot

Disrupting Claims Management

By admin on June 4, 2020 L&H, Systems

Ilan Dorot, Aero-Plan CEO, on a special interview with INSURTECH ISRAEL NEWS, with a sneak peek at the company’s breakthrough service – Radar.care: “Given information on patient’s condition, location, policy terms and quality and cost of available resources, combined with statistic medical data analysis, and compared with classification of cases, the system would be able to estimate claim outcome and suggest efficient patient care alternatives, enabling the insurer to timely direct the patient to optimal care” Tell INSURTECH ISRAEL NEWS readers about the new service – Radar Care. Dorot: Radar.Care is disrupting Claims management for insurers – offering online Transaction…

Avi Bartov GamaSec CEO

Gamaeye Fools The Cyber Attackers And Leads Them To A Trap

By admin on May 21, 2020 Cyber

“Many threat actors have started to abuse the panic and discomfort of the COVID-19 pandemic to conduct special crafted malware and phishing attacks worldwide”, says Avi Bartov GamaSec CEO, in a conversation with INSURTECH ISRAEL NEWS. GamaSec is a cyber-security company that lowers the risk and strengthens the resilience of businesses toattacks on their websites and web applications, a pre-breach tool designed to prevent cyber attacks. According to Bartov, recent events are creating extraordinary levels of concern and anxiety for website owners”. “As a web security company, over the past weeks, we have been witnessing an increased amount of website…

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