Browsing: #featured

Ahoy! Insurance, the tech-driven insurance provider built by boaters for boaters, today announced that it has significantly expanded its offering to boaters and agents, expanding its geographic coverage, insured value limits, and boat sizes. The new offering allows millions of larger boat owners to purchase Ahoy! Insurance’s highly regarded, tech-driven, and user-friendly boating insurance for the first time. The expansion of coverage comes at a critical time for owners of larger boats domiciled in the US,  as they have faced dwindling options with traditional, large insurance carriers that struggle to accurately assess risk retreating from this marketplace. Ahoy! Insurance’s offering…

The fintech company Earnix, which specializes in developing AI technologies for pricing and personalization in the insurance and banking industries, announced today (Monday) that it has won an international award. The company was recognized for the Best AI Solution in the insurance industry by AI Breakthrough, a market research firm that specializes in ranking companies, technologies, and products in the AI field. This year, the competition received 5,000 submissions from 20 countries. Additionally, Earnix was listed among the top 100 companies in the AI solutions sector for financial services (AIFintech100) by Fintech Global. AI Breakthrough awarded Earnix’s Model Accelerator solution…

In this edition of our series on the Israeli Insurtech delegation heading to ITC Vegas in October 2024, we’re excited to introduce the trailblazing companies that are redefining the insurance landscape. Continuing with Second Nature, we explore their journeys, challenges, and groundbreaking technologies through in-depth interviews. company and mission Second Nature is an AI life-like sales training to role play any conversation. Boost sales, enhance training effectiveness, and increase productivity. Our mission is to revolutionize sales and service effectiveness and productivity. Leveraging cutting-edge AI role plays and lifelike avatars, we deliver innovative training solutions that are both easy and impactful.…

In this interview, we sit down with Heli Mirel, Department Manager of the Global Innovation HUB at IDI, to explore the inner workings of their cutting-edge innovation hub. Established through a collaboration between Direct Insurance and the Japanese insurance giant MSI, this hub is at the forefront of InsurTech and FinTech innovation. By leveraging the expertise of a joint team, the hub scouts Israeli startups, conducts accelerated feasibility tests (PoCs), and integrates the most promising technologies into the systems of their respective insurance companies, or even considers them for investment. Mirel sheds light on the hub’s collaborative efforts, cultural…

Mark Breading, Senior Partner at ReSource Pro, is a visionary in the insurance industry, renowned for his forward-thinking strategies and expertise in integrating technology with business innovation. With a distinguished career spanning roles at IBM and now leading ReSource Pro’s consulting and advisory services, Mark brings unparalleled insights into the digital transformation of P&C insurers. Recognized globally as a top influencer in InsurTech and a mentor in the industry, Mark continues to shape the future of insurance through his pioneering methodologies and strategic leadership. In a recent Q&A session with InsurTech Israel News magazine, he shared exclusive insights and perspectives…

In this installment of our series on the Israeli Insurtech delegation attending the upcoming ITC Vegas convention in October 2024, we are thrilled to introduce our readers to the innovative companies reshaping the insurance landscape, continuing with Cytactic, and delve into the depth of their journeys, challenges, and cutting-edge technologies through in-depth interviews. Company Overview Cytactic: Our mission is to mitigate the impact of cyber attacks by making cyber crisis readiness and management digital, orchestrated, planned, and smart, utilizing data-driven insights. Inspiration for Starting the Company Cytactic: A cyber crisis is one of the most challenging moments a company can…

Click-Ins, the global leader in AI-driven vehicle inspections, is excited to announce a strategic partnership with Draiver, the leading on-demand vehicle movement service. Draiver now brings Click-Ins’ AI-guided vehicle inspections to the fingertips of its customers across various automotive verticals throughout the U.S. and international markets. Click-Ins uses Artificial Intelligence, synthetic data, and other advanced technologies to provide easy-to-understand visualizations of vehicle damage from mobile devices, with detailed Condition Reports delivered in minutes. The company’s technology enables businesses across the automotive industry to conduct reliable inspections anywhere and at any time, with zero hardware required. Draiver utilizes a network of 20,000…

Healthee, a leader in employee health benefits solutions, is excited to announce its partnership with Warner Pacific Insurance Agency, a premier agency known for its innovative approach to insurance and employee benefits. This collaboration is set to revolutionize the way employers manage benefits, bringing unparalleled ease and efficiency to employees in navigating their benefits. At the core of Healthee’s offering is its AI-powered platform, a frontrunner in the employee health benefits sector. Healthee’s robust platform empowers employees by providing instant access to crucial health benefits information, enabling informed decisions about their healthcare needs. Whether it’s understanding the cost of medical procedures or locating…

The applications and potential of AI in insurance are infinite, with opportunities to completely revolutionize an outdated industry full of antiquated processes. Insurers are optimistic about incorporating AI and machine learning (ML), but the evolution has only begun. One of the key applications of AI for insurers is intelligent monitoring. Continuously monitoring KPIs and concurrently checking for changes in the data and performance of the various models prevents errors by alerting the business of any changes it detects in real time. While this use case is unanimously agreed upon as a positive application of the technology, only a small portion of…

In this installment of our series on the Israeli Insurtech delegation attending the upcoming ITC Vegas convention in October 2024, we are thrilled to introduce our readers to the innovative companies reshaping the insurance landscape, continuing  with OpenLegacy, and delve into the depth of their journeys, challenges, and cutting-edge technologies through in-depth interviews Company Overview – Can you briefly describe your company and its mission? And what inspired you to start this company? OpenLegacy: OpenLegacy is a cloud-first and AI-based legacy systems integration and modernization platform provider. Our mission is to simplify and accelerate the cloud journey for enterprises with…

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