#featured Archives - Page 67 of 69 - Insurtech Israel News

Simon Schwall (CEO de OKO) - 2e prix des Fintech Awards Luxembourg

Breaking Barriers With Parametric Crop Insurance For Smallholder Farmers

By admin on May 21, 2020 P&C

Q&A with Simon Schwall, OKO CEO Describe OKO’s activity. Schwall: Oko designs and distributes crop insurance for smallholder farmers, which automatically compensate them if their area is affected by adverse weather conditions. We validate claims automatically using satellite weather monitoring, and we distribute these insurance products via mobile in emerging countries, where no crop insurance was available before. What is OKO’s Business model? Schwall: OKO is an MGA. We design the product and then we have an exclusive distribution agreement with our partnering insurance company. We keep a commission on every premium payment made. Since we are talking of…

Yossi Yarkoni - Founder & CEO - Robin

Insuretech Startup Robin Hood Pro Sells Its Insurance ‎agency

By admin on May 21, 2020 L&H

The Robin Hood PRO Ltd. insuretech startup has decided to sell its insurance agency ‎Robin Hood Pension Insurance Agency 2016 Ltd before the Corona crisis as part of it’s attempts to focus on a B2B2C strategy adopted early last year that resulted already in some leading financial institutions as a customers for its new Digital Broker As a Service. Now the attempts are being accelerated in order to also overcome its cash flow ‎shortage as a result of the Corona crisis.‎ A number of parties have already expressed willingness to acquire the agency and the ‎brand name in order to…

Zeev Avidan

OpenLegacy Recently Partnered With A ‘Fortune 100’ Global Insurer

By admin on May 6, 2020 Systems

OpenLegacy recently partnered with a major global insurer to modernize its ‎legacy system to make it more web and mobile friendly. The OpenLegacy ‎solution automates Java code generation, building new workflows in hours ‎instead of weeks.‎ This diversified global insurer is one of the largest property and casualty ‎insurers in the United States, ranking in the Fortune 100 list of largest ‎corporations in the United States. With nearly $40 billion in annual consolidated ‎revenue, it has almost 1,000 locations worldwide and offers a wide range of ‎insurance products and services.‎ The organization needed a flexible solution to ensure access for…

„Work In Progress“ / By Dr. Moritz Finkelnburg

By admin on May 6, 2020 Articles

Corona is the dominating topic in these days. Hard to write about anything else. Even harder to puta spotlight on one of the most fascinating developments of the last 3-4 years. Writing to you as an observer of the German InsurTech landscape (and actually as manager of a traditional German insurance company) I can hardly hide my astonishment and enthusiasm about the Israel startup scene. It is fascinating to see the spirit of innovation, the entrepreneurial power and – yes! – also your risk-ignorance in a positive meaning. If you add the favourable regulatory and legal structure – Moshe Bareket…

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…

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