Insurtech Israel News

07/06/2024

כמו הרבה אנשים אני לא אוהב לראות או לשמוע את עצמי מדבר. זה תמיד נראה לי מוזר…. לכן אני לא מעלה פוסטים של פודקסטים וראיונות.

הפעם הרגשתי שזה חשוב בעיקר לאנשים בתחילת הדרך או כאלו שעומדים לפני שינוי עסקי משמעותי .
תודה ל Ram Amedi Nitsan Peleg ול Seedbiz - Businesses, Investors & Entrepreneurs על ההזדמנות לשתף בעיקר ליזמיים צעירים את המסע כולל הקשיים בדרך.

תקציר מאת רם עמדי-
היזם שעשה אקזיט לסוכנות ביטוח ובא לשנות את תעשיית ה-insuretech
אירחנו את קובי בנדלק מייסד ומנכ״ל insuretech ישראל אקסלרטור וקרן בתחום של ביטוח.
- דיברנו על הקמת עסק מ-0
- ⁠מכירת החברה פעמיים
- ⁠איך מגיעים למשא ומתן מול גוף גדול כמו חברת ביטוח מגדל
- ⁠ומה התכונות הכי חשובות ליזם/ת

בנימה אישית - זה היה הפרק הראשון שצילמנו ונהנתי מכל רגע ללמוד מקובי יזם סידרתי וסיפור השראה

הפרק זמין בכל הפלטפורמות האזנה נעימה🎧

בפרק השלישי של "מבט לאחור" קופצים יחד למסע יזמי מרתק עם קובי בנדלק, יזם סדרתי בתחום הביטוח. קובי ישתף אותנו בסיפורו המדהים - איך הקים סוכנות ביטוח מאפס, מכר 50% מהחברה לפ...

18/07/2021

Give Us Your Name, Email, And Phone – We’ll Analyze The Insurance You Need
https://insurtechisrael.news/give-us-your-name-email-and-phone-well-analyze-the-insurance-you-need/

Q&A with Moshe Brown, Co-Founder at Socalytix What does Socalytix do? There are two areas that we cover, The first issue we cover is in the insurance existing customer base. Insurance companies have enormous amounts of data on their customers, most of it is static data, their issue is that they do n...

12/07/2021

HONEYCOMB RAISES 3.3 MILLION DOLLARS LED BY THE PHOENIX AND IS LAUNCHING AN INNOVATIVE PLATFORM IN THE USA
https://insurtechisrael.news/honeycomb-raises-3-3-million-dollars-led-by-the-phoenix-and-is-launching-an-innovative-platform-in-the-usa/

The Israeli insurtech company Honeycomb (formerly Agilius) has launched its innovative insurance platform in North America, following the raising of 3.3 million dollars, led by the Phoenix, New Era Capital Partners, IT-Farm Corporation and NFP Ventures. Honeycomb is entering a market estimated at 22...

06/07/2021

LIBRA TO BE FLOATED WITH A PRE-MONEY VALUATION OF 450 MILLION SHEKELS
https://insurtechisrael.news/libra-to-be-floated-with-a-pre-money-valuation-of-450-million-shekels/

Libra is completing a successful share floatation which commenced a few weeks ago. The company reports a heavy response from investors and over-subscription, which led to a cessation of the investor presentations round within just two days, and raising the share price to 10.56 shekels – higher tha...

04/07/2021

ISRAELI INSURTECH ACCELERATOR COMPLETES ITS FIRST COHORT
https://insurtechisrael.news/israeli-insurtech-accelerator-completes-its-first-cohort/

28/06/2021

WESURE RECEIVES LICENSE IN NEW JERSEY – PLANNING ON ENTERING THE MARKET WITH SME SMALL BUSINESS INSURANCE

https://insurtechisrael.news/wesure-receives-license-in-new-jersey-planning-on-entering-the-market-with-sme-small-business-insurance/

WeSure has received its first US insurance producer/license, in New Jersey. According to the company’s plans, the intention is to initially start with SME insurance, offering an insurance package for small businesses. It is expected that the company will start operating in 2021-2022. The first lic...

22/06/2021

PASSPORTCARD AWARDED 2021 INNOVATION PRIZE IN GERMANY IN THE SERVICE EXPERIENCE IN HEALTH INSURANCE CATEGORY
https://insurtechisrael.news/passportcard-awarded-2021-innovation-prize-in-germany-in-the-service-experience-in-health-insurance-category/

The Davidshield-Passportcard travel insurance company came first in an international innovation competition which was held in Germany in the health category – “Payment in real time – a pioneering solution changing the customer experience”. The company was awarded a prestigious prize, awarded...

20/06/2021

THE CONNECTED INSURANCE MODEL IS PICKING UP SPEED: WHAT DO THE INSURANCE COMPANIES NEED TO DO TO ENABLE INSUREDS TO PURCHASE INSURANCE AT THE PRESS OF A BUTTON?

30/03/2021

Emnotion Closes The Gap Between Weather And Climate Forecasting Globally – Our Clients Get What They Expect
https://insurtechisrael.news/1315-2/

Q&A with Ilya Shapira, Emnotion Founder   What does Emnotion do? Shapira: Climate is what you expect, weather is what you get. Weather forecasting, synoptic – up to 5 days effective. Climate is actually all forecasts beyond synoptic range. Emnotion actually closes the gap between weather and clim...

22/03/2021

Facetrom, Insfocus and others Will participate in the Trade and Economic Mission of Israel and the Kenya Fintech Online Campaign 2021
https://insurtechisrael.news/facetrom-insfocus-and-others-will-participate-in-the-trade-and-economic-mission-of-israel-and-the-kenya-fintech-online-campaign-2021/

The Trade and Economic Mission of Israel and the Kenya Fintech Online Campaign 2021 have chosen Facetrom as one of the top Israeli fintech innovations. Facetrom has been chosen with the biggest Israelis Fintech and Insurtech companies, such as Payoneer ($3.3B), Curv (acquired by PayPal), the Insurte...

18/03/2021

GamaSec partner with Insurance Consultant & Expertises (I.C.E) to pe*****te the Asia cyber insurance market
https://insurtechisrael.news/gamasec-partner-with-insurance-consultant-expertises-i-c-e-to-pe*****te-the-asia-cyber-insurance-market/

Cyber security is now seen as a common threat for millions of businesses globally. It has reached a point (highlighted by the recent pandemic) where it is regularly perceived as a top 5 risk event for most businesses. The work from home ethic that we have now entered into and the reliance more and m...

09/03/2021

Next Generation Life Insurance for Next-Gen Customers / By Dror Katzav
https://insurtechisrael.news/next-generation-life-insurance-for-next-gen-customers-by-dror-katzav/

  The U.S. life insurance industry’s average annual growth over the past 10 years has been less than 2% in nominal terms and negative in real terms. Meanwhile, the average face value amount of individual life insurance policies purchased in the US has steadily increased from $110,000 to over $170...

03/03/2021

Wesure On The Way To Share Offering In Tel Aviv: Expected To Raise 30-50 Million Dollars On A Valuation Of 150 Million Dollars
https://insurtechisrael.news/wesure-on-the-way-to-share-offering-in-tel-aviv-expected-to-raise-30-50-million-dollars-on-a-valuation-of-150-million-dollars/

01/03/2021

Digital Owl, a leading provider of AI-powered medical claim analysis, raised a $6.5 million seed investment round led by Ibex Investors
https://insurtechisrael.news/digital-owl-a-leading-provider-of-ai-powered-medical-claim-analysis-raised-a-6-5-million-seed-investment-round-led-by-ibex-investors/

Digital Owl, a provider of AI-powered medical claim analysis, announced a $6.5 million seed investment round led by Ibex Investors. Amnon Shashua, the founder of Mobileye and Orcam, Fusion LA, and Menora Mivtachim participated. Digital Owl’s AI system quickly and accurately reads, analyzes, and di...

23/02/2021

Fintlv Raises 120 Million Dollar Second Fund For Investment In Insurtech And Fintech Companies Worldwide
https://insurtechisrael.news/fintlv-raises-120-million-dollar-second-fund-for-investment-in-insurtech-and-fintech-companies-worldwide/

The FinTLV venture capital fund has raised its second fund – FinTLV II. The new 120 million dollar fund will be focusing mainly on growth companies around the world in the insurtech and fintech sectors. FinTLV invested some 200 million dollars in the past year. Investors in the fund include Clal I...

18/02/2021

34 Startups Register For Ayalon-insurtech Israel Accelerator
https://insurtechisrael.news/34-startups-register-for-ayalon-insurtech-israel-accelerator/

The insurtech accelerator set up by Ayalon, InsurTech Israel and BrokerTech Ventures reports the end of the first stage and registration of 34 start-ups, of which only five will be able to take part in the first session, which is due to commence in April of this year. The selection will be carried o...

14/02/2021

A Disruptive Digital Health Platform Based On Genetic Data, Aimed At The Use Of Life Insurance Clients
https://insurtechisrael.news/a-disruptive-digital-health-platform-based-on-genetic-data-aimed-at-the-use-of-life-insurance-clients/

Q&A with Efi Binder, Futura Genetics CEO   What does futura genetics do? Binder: We make people live longer. We do it by using the power of genetic testing in order to create a personalized preventive care program tailored for each individual’s needs. Futura Genetics has been active for a few yea...

08/02/2021

InsFocus Provides A Unified Environment For All BI Needs for Insurers
https://insurtechisrael.news/insfocus-provides-a-unified-environment-for-all-bi-needs-for-insurers/

Q&A with Uri Taiber, Founder and CEO at Insfocus   What does InsFocus do? Taiber: InsFocus is a suite of insurance data related solutions, ranging from reporting & analytics to employee incentives & agent campaigns. It is used for both P&C and L&H insurance domains.   Where do you extract data fro...

03/02/2021

Yuval Shafrir, Urbanico’s CEO: Urban Data Can Serve Various Types Of Use Cases For Multiple Insurance Segments

https://insurtechisrael.news/yuval-shafrir-urbanicos-ceo-urban-data-can-serve-various-types-of-use-cases-for-multiple-insurance-segments/

Q&A with Yuval Shafrir, Urbanico’s CEO & Co-founder   What does Urbanico Do? Shafrir: Urbanico is building a smart-cities’ data fusion platform, helping insurance companies with efficient utilization of hyper localized urban data, to improve risk assessment processes on both actuarial and under...

01/02/2021

Click-Ins Partners With Claim Technology Insurtech Platform To Offer AI Vehicle Inspection
https://insurtechisrael.news/click-ins-partners-with-claim-technology-insurtech-platform-to-offer-ai-vehicle-inspection/

Click-Ins announced that insurers and automotive companies can now access AI powered vehicle inspection as a 1-Click solution on the Claim Technology marketplace. Click-Ins innovation is based on a Hybrid AI approach using pre-trained simulated data produced and proprietary owned by the company to t...

28/01/2021

An Innovative Platform For Managing Health And Travel Insurance
https://insurtechisrael.news/an-innovative-platform-for-managing-health-and-travel-insurance/

Q&A with Oshrat Ben Moshe, Ginger Founder and CEO   What does Ginger do? Ben Moshe: 𝐆𝐢𝐧𝐠𝐞𝐫 is a 𝐬𝐭𝐚𝐫𝐭-𝐮𝐩 providing an innovative solution for the sector related to 𝐡𝐞𝐚𝐥𝐭𝐡 𝐚𝐧𝐝 𝐭𝐫𝐚𝐯𝐞𝐥. Based on a digital platform, an ...

20/01/2021

Israeli Insurtech start-up OKO distributes 38 million FCFA to Malian farmers affected by floods
https://insurtechisrael.news/israeli-insurtech-start-up-oko-distributes-38-million-fcfa-to-malian-farmers-affected-by-floods/

OKO’s new insurance service is making a big splash for its inaugural season in Mali, reimbursing the losses suffered by farmers. A good example of the possibilities offered by mobile and satellite technologies to provide an essential service to the most vulnerable populations. Heavy rains in Mali ...

18/01/2021

Wepy Is Developing A self-Insurance Platform For Businesses And Communities

https://insurtechisrael.news/wepy-is-developing-a-self-insurance-for-businesses-and-communities/

Q&A with Henry Hazan, Wepy Founder and CTO   What does Wepy do? Hazan: A Platform for business and communities to self-insure, instead of purchasing an insurance policy.   What are the benefits for the employers? Hazan: Back office to manage the claim process, actuary algorithms for every coverage...

11/01/2021

MAPPING THE ISRAELI INSURTECH ECOSYSTEM AND INVESTMENTS / By Dikla Wagner

https://insurtechisrael.news/mapping-the-israeli-insurtech-ecosystem-and-investments-by-dikla-wagner/

The Insurtech ecosystem in Israel is growing very fast, with about 100 companies currently in this field. Israel is home to the world’s leading Insurtech companies and has seen mega-investment rounds. Lemonade completed its Initial Public Offering in July 2020. The company priced its IPO at $29 pe...

21/12/2020

Improve Customer Experience And Efficiency, Through Faster Turnaround Times, Higher Completion Rates, And Higher NPS


https://insurtechisrael.news/improve-customer-experience-and-efficiency-through-faster-turnaround-times-higher-completion-rates-and-higher-nps/

Q&A with Jake Levant, VP Marketing at Lightico   what does lightico do? Levant: Lightico helps its insurers improve customer experience and efficiency, through faster turnaround times, higher completion rates, and higher NPS. Lightico creates a virtual collaboration window between the business and ...

15/12/2020

Insurtech Israel and Ayalon will partner with BrokerTech Ventures establishing an International InsurTech Accelerator

https://insurtechisrael.news/insurtech-israel-and-ayalon-will-partner-with-brokertech-ventures-establishing-an-international-insurtech-accelerator/

Insurtech Israel, Ayalon Insurance company and Brokertech Venture , together with an international coalition of leading parties in the global insurance industry, , is forming an International Insurtech Accelerator. the Accelerator will investment in the dedicated project to develop projects in the i...

09/12/2020

Incentives Solutions introduces a novel technology for calculating and managing commission agreements at insurance companies and agencies
https://insurtechisrael.news/incentives-solutions-introduces-a-novel-technology-for-calculating-and-managing-commission-agreements-at-insurance-companies-and-agencies/

Incentives Solutions, which specializes in planning and managing incentives and commissions, is launching JOOPY Insurance, a first of its kind system for implementing complex business models for insurance agents. Starting in 2020, the system was installed by several large Israeli insurance companies...

02/12/2020

INSURETECH ISRAEL WITH THE DIFC TO HOLD A MEETING BETWEEN ISRAELI STARTUPS AND UAE INSURANCE COMPANIES AND INVESTORS
https://insurtechisrael.news/insuretech-israel-with-the-difc-to-hold-a-meeting-between-israeli-startups-and-uae-insurance-companies-and-investors/

The Insurtech Israel venture capital investment fund, which specializes in insurtech, is planning a meeting between Israeli startups and United Arab Emirates insurance companies and investors. A list of 10 selected startups is currently being put together from the local industry. From the Emirates s...

30/11/2020

The round was led by JAL Ventures Fund II, with the participation of existing investors including KT Squared LLC and 2B Angels

https://insurtechisrael.news/israeli-insurtech-platform-provider-novidea-secures-15-million-in-series-b

Novidea, a leading global provider of the data-driven, cloud-based platform that enables brokers, agents, and MGAs to drive operational efficiencies and growth across the entire distribution lifecycle, today announces the successful completion of $15 million in Series B financing. The round was led....

25/11/2020

The Israeli Securities Authority and the Hong-Kong Securities and Futures Commission signed an MoU for collaboration on FinTech issues

https://insurtechisrael.news/the-israeli-securities-authority-and-the-hong-kong-securities-and-futures-commission-signed-an-mou-for-collaboration-on-fintech-issues/

The Israeli Securities Authority (“ISA”) and the Hong-Kong Securities and Futures Commission (“SFC”) signed today an MoU for collaboration on FinTech issues. The MoU establishes the principles of cooperation and information sharing, with the aim of promoting and cultivating innovation in the...