We’re pleased to announce that Aflac is deepening our partnership to further support families during life’s most challenging moments. Aflac’s mission is to provide financial protection and peace of mind for individuals and their families when they need it most, aiming to close the health and wealth gap so that policyholders can focus on recovery rather than financial stress. Since last year, Aflac has offered Empathy’s comprehensive bereavement support services to its beneficiaries, helping families navigate the emotional and administrative burdens that follow the loss of a loved one. As part of our expanding partnership, starting this July, Aflac will also provide Empathy…
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Lemonade, the AI-driven digital insurance company, today (Tuesday) reported its results for Q1 2025: A 27% increase in In Force Premium (IFP), reaching a total of $1.008 billion — crossing the $1 billion milestone for the first time, 8.5 years after selling its first policy. Revenue grew 27% to $151.2 million. Gross profit rose 11% — despite the California wildfires — to $38.6 million, while adjusted gross profit grew 25% to $46 million. The loss ratio (claims paid vs. revenue) for the quarter stood at 78%, including wildfire impacts, while the trailing 12-month figure is 73%. An adjusted EBITDA loss…
Earnix, the leading Dynamic AI platform for Insurance, today announced that it has signed a definitive agreement to acquire Zelros, a pioneer in Generative AI for insurers and banks. This innovative collaboration will bring the power of predictive, generative, and agentic AI across the entire risk decisioning, personalization, and claims cycle, thereby enabling pricing and underwriting professionals to deliver compelling offers while improving business performance. By combining Earnix’s advanced Predictive AI platform with Zelros’s GenAI recommendations engine, providers can now present the right offer, at the right price, at the right time. The joint offering provides precise decision-making at scale…
At Empathy, we’re on a mission to make life’s hardest moments a little bit easier by supporting families through their logistical and emotional burdens. So today we’re proud to announce we’re partnering with American Family Life Insurance Company to help us bring our leading bereavement support to even more families as we continue to change the life insurance industry for good. American Family Insurance Group, one of the largest and most customer-driven insurers in the U.S., has spent nearly a century protecting dreams and standing by families in their most difficult moments. Now, they’re taking that commitment even further, ensuring that their policyholders’ beneficiaries…
Healthee, the AI-powered platform transforming the health benefits experience, today announced a $50 million Series B funding round led by Key1 Capital, with continued backing from Fin Capital, Glilot Capital Partners, and Group11. Healthee did not formally launch this raise. Key1 Capital approached the team after tracking the company’s traction, believing in the product’s vision and potential. The round was oversubscribed, reflecting strong conviction from new and existing investors. This funding follows a breakout year in which Healthee surpassed 15,000 customers, including standout client organizations Instacart, SiriusXM, and Celonis. Healthee has also deepened its AI capabilities and delivered real savings by…
Joshu, the platform to build, distribute, and grow digital insurance products, is pleased to announce Altruis Group (Altruis), a specialized managing general underwriter (MGU), has successfully modernized the company’s existing technology stack and launched a new insurance program for storage unit facilities on the Joshu Platform in just 45 days. Altruis’ mission to harness modern insurance technology to drive scalable growth prioritizes efficiency and innovation over traditional reliance on human capital. By leveraging the Joshu Platform, Altruis streamlined operations, reduced dependence on manual underwriting processes, and accelerated speed-to-market. This tech-first approach positions Altruis for long-term, sustainable growth in a rapidly evolving insurance…
feat A new Insurtech hub has been launched in Guatemala, led by Insurtech Israel, marking the beginning of a global expansion of the successful Israeli model. Following two major exits in the past year and a proven track record in the local ecosystem — which includes over 240 startups — Insurtech Israel is now setting its sights on global approach and the first location will be in Latin America, one of the fastest-growing markets in the world. The insurance industry is undergoing a dramatic digital transformation, and Guatemala, through a close collaboration with Insurtech Israel, is positioning itself at the…
Novidea, the InsurTech company, has announced the appointment of Oren Leshem as Vice President of Sales for the Asia-Pacific (APAC) and Middle East & North Africa (MENA) regions, including Israel. In his new role, Oren will lead sales and growth initiatives in these regions, develop strategic customer relationships, expand the company’s presence in emerging markets, and manage regional sales teams. Oren previously served as Co-CEO of Docomotion, a company acquired by Novidea, and will continue in that role alongside his new position at Novidea. He brings extensive experience in global technology and sales, having spearheaded major strategic business development initiatives…
“In 2020, we chose to invest in Next Insurance due to a deep belief in the company’s vision, alongside a professional understanding of its unique business model and impressive technological capabilities. Since then, we’ve been proud partners in the company’s extraordinary journey — becoming one of the world’s leading insurtech firms with a strong business model, significantly higher underwriting profitability than industry standards, and breakthrough technology,” said Gil Arazi, Founder & Managing Partner at FinTLV Ventures, regarding the acquisition agreement signed between Munich Re and Next Insurance on March 19, 2025. Arazi added, “The deal with Munich Re is further…
Losing a friend or family member is one of the hardest things any of us will face. On top of managing grief, families are often burdened with an exhaustive list of logistical, legal, and financial responsibilities—many of which they don’t know how to begin handling, no matter where they happen to be. A new survey by Ipsos for Sun Life found that close to 9 in 10 Canadians experienced the loss of a loved one, yet half feel completely unprepared when loss happens. Nearly 40% struggle with managing personal affairs and belongings, 1 in 3 find legal and administrative matters overwhelming, and…