Munich Re Group has finalised the acquisition of NEXT Insurance, integrating it into the management structure of ERGO Group AG, its major primary insurance business. The transaction, announced earlier in the year, was completed with the companies successfully meeting all conditions, obtaining the necessary regulatory approvals, as scheduled. This acquisition marks ERGO’s entry to the US, the world’s largest insurance market, tapping the attractive US small and medium-sized businesses (SMB) segment. Small businesses represent 99% of all companies and contribute 44% of gross domestic product (GDP) in the US, a staggering 75% are underinsured, despite a $175 billion total addressable…

Jungo (TASE: JNGO), a leader in AI-based fleet safety and video telematics, today announced a new partnership with Can-Am Telematics, a trusted provider of fleet management solutions across North America. As part of the agreement, Can-Am Telematics will offer VuDrive, Jungo’s all-in-one AI video telematics solution. Designed to help fleets reduce accidents, lower insurance costs, and improve visibility, VuDrive combines dual-facing AI camera, real-time driver alerts, GPS tracking, and telematics insights in a single, self-installable device – no installers or complex setups required. “Can-Am Telematics knows what fleets need – reliable tools that are easy to use and deliver real value fast,” said Opher Suhami,…

Guardz, a startup positioning itself as an all-in-one cybersecurity platform for small- and medium-sized businesses, has secured $56 million in a new round of financing led by ClearSky. The Israeli company said the Series B raise included equity stakes for new backer Phoenix Financial and returning investors Glilot Capital Partners, SentinelOne, Hanaco Ventures, iAngels, GKFF Ventures and Lumir. Guardz has raised about $85 million in a little over two years. Founded in May 2022, Guardz sells an AI-native detection-and-response platform built expressly for managed service providers that look after small and mid-sized businesses. The company said its cloud-delivered service folds…

A moment of pride for Israel’s thriving innovation ecosystem: Kobi Bendelak, CEO of InsurTech Israel, has been selected as one of the 200 most influential voices in global insurance and insurtech for 2025, according to the prestigious annual list published by The LHoFT – one of Europe’s leading fintech and innovation platforms. This global list features top executives from the world’s largest insurers – including AXA, Zurich, Generali, Travelers, Allianz, and Farmers – alongside leaders from major brokerage firms, regulators, academics, and groundbreaking entrepreneurs from more than 40 countries. Together, they represent the driving force behind the transformation of the…

Jungo (TASE: JNGO), a leader in AI-based fleet safety, video and telematics technology, announced today a new partnership with GPS to GO, a prominent Canadian telematics provider, to distribute and support VuDrive across the U.S. and Canadian market. Jungo’s flagship AI video telematics platform, designed to prevent accidents, reduce insurance costs, and give fleet managers location and telematics information – all using a single, affordable AI camera. With real-time alerts, dual-camera coverage, vehicle telematics, and a robust cloud platform, VuDrive transforms even entry fleets to improve safety, monitor vehicle location and telematics, all avoiding stacked solutions or gateways previously needed. These…

Cyberwrite, a leading provider of cyber risk modeling, has expanded its partnership with Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), to enhance the capabilities of its underwriting, broker enablement, and cyber risk modeling across Europe. Markel Europe has been utilizing Cyberwrite’s AI-driven technology to help underwriters understand and model exposures and communicate findings to underwriters, brokers, and clients. This integration enables Markel to gain insights using predictive cyber risk analytics for any business worldwide, driving down loss ratios and enabling data-driven underwriting in seconds. The data and analytics further enable next-gen cyber catastrophe modeling. “Cyberwrite is proud…

Japanese insurance giant Sompo is closing its innovation arm in Israel — Sompo Digital Lab Tel Aviv. Over the past seven years, the local innovation lab facilitated partnerships with Israeli startups such as TytoCare, Planck, Parametrix, GeoX, and EasySend. The lab, managed by Yinon Dolev, employed around 13 people in Israel. In a statement, Sompo International said: “As part of a global organizational restructuring and efficiency process, Sompo has made the difficult decision to shut down its innovation lab operations in Israel. We extend our gratitude to the team for their years of contribution.” The company added that all…

Earnix, a leading global provider of intelligent decisioning Software-as-a-Service (SaaS) solutions for regulated industries, and ValueMomentum, a global services and solutions provider exclusively focused on property and casualty (P&C) insurance, today announced a partnership to help P&C insurers drive greater results across rating and underwriting. The partnership combines Earnix’s modern SaaS solution for pricing, rating, and underwriting with ValueMomentum’s deep knowledge of the product and underwriting life cycle to help insurers yield accurate, high-value outcomes. While the P&C insurance industry in the US saw improvements in 2024 over the $24.6 billion underwriting loss of 2023, better risk selection, pricing, and underwriting…

Pontera, the fintech company enabling financial advisors to securely manage workplace retirement plan assets for participants, and World Investment Advisors, LLC (World), a leading financial advisory firm and one of the nation’s foremost providers of retirement plan focused advice today announced a strategic technology partnership. As part of the agreement, World’s extensive network of over 350 financial advisors will now have access to Pontera’s platform, allowing them to manage seamlessly, trade and report on clients’ held-away 401(k)s and other workplace retirement accounts. The partnership demonstrates World’s commitment to providing its advisors with the tools they need to give clients a…