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Meet The Israeli Insurtech: GEOX

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By on news

Name of the Company: GeoX Describe the Company’s Core Activities: Commercial & Residential Property data to improve risk assessment and pricing Geox is a property intelligence company with a mission to enhance the performance of insurance players by providing innovative and accurate data based on GEOSPATIAL imagery. Using AI and computer vision technologies, Geox empowers carriers to respond effectively to the challenges posed by climate change and increasing natural catastrophes. What Specific Challenges in the Insurance Sector Are You Addressing? GeoX is dedicated to tackling several critical challenges within the insurance sector: Growing Loss from Natural Catastrophes: We help insurance…

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NEW INVESTMENT ENTITY IN INSURTECH SECTOR: SURETECH

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By on Investments

A new investment entity in the insurtech sector is starting out. SureTech, headed by former Clal Insurance Chairman Danny Naveh as Chairman of the partnership, is a limited partnership, which is currently acting to raise 36 million dollars. Additional directors – Dikla Wagner, Shuki Cohen Sharett CPA, Ido Ben Shitrit and Uzi Baruch CPA * Serving as CEO of the partnership will be Dan Tzror and as CFO and Business Development director – Doron Gedaliahu. SureTech has so far invested in two companies in the insurtech sector – Vesttoo – with an investment of 2 million dollars on a valuation…

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Property Insurers : Are you eyeing for a data based competitive advantage?

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By on Articles, P&C

By Dr. Upendra Belhe, President, Belhe analytics advisory and Guy Attar, Co-founder & Executive Chairman, GEOX  Property and casualty (P&C) insurance represents $1.6 trillion in premiums (about one-third of the insurance industry).  Industry reports state that the Homeowners’ Insurance segment alone is $105.7bn in 2020. The insurance industry is evolving.  Property and casualty insurance now benefit from risk models that analyze huge and diverse data sets. New data source influencers are emerging in the insurance industry, with the hope to provide the most comprehensive and accurate assessment of a property.  Comprehensive address, parcel and building information; current and historical owners,…

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upendra belhe

GeoX appoints insurance analytics veteran Dr. Upendra Belhe as their board advisor

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By on P&C, People

GeoX, the innovator and patent owner in the use of Machine vision and Deep learning for providing the property data based on aerial imagery announced that it has appointed Dr. Upendra Belhe as their board advisor. “Upendra, one of the sharpest minds in insurance analytics, brings the length and depth of the use of data and analytics to aid our mission of accelerating the use of property imagery data in the P&C space worldwide,”  said Izik Lavy, Chief Executive Officer of GeoX. Dr. Upendra Belhe leverages his 25+ years of experience in data and advanced analytics to advise businesses on…

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Guy Attar, Founder & Vp Business Development Of Geox: Our Data Helps Insurers To Save Millions In Their Underwriting And Claims Processes

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By on 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…

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