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Insurance

126 stories about Insurance

Lemonade’s stock plunges as wildfires erase early financial gains
26.02.25|Sophie ShulmanThe company braces for a $45 million loss from California fires despite strong 2024 growth.
“Israel’s economy is remarkable. When we emerge from the crisis, we will experience a positive explosion”
18.06.24|Maayan ManelaRonen Agassi, CEO of Migdal Group Insurance and Finance was speaking during Calcalist and Migdal's Investment and Finance conference
"For Americans, Faye has become part of their passport"
13.05.24|Sophie ShulmanInsurtech company Faye is disrupting the American travel insurance world, which has only begun to wake up in recent years. Founders Elad Schaffer and Daniel Green say that comparisons to other insurtech companies like Lemonade are inaccurate: "We have an opportunity to innovate in a market that hasn't seen innovation in years”
JVP partners with global insurance leaders to launch international initiative boosting AI technologies in insurtech and climatetech
03.05.24|CTechHundreds of startups, investors, global insurance industry leaders, bankers, and international tech leaders came together at JVP's annual meeting in NYC, showcasing a robust testament to international partnership and support for Israeli innovation
After sealing first deal in Israel, Jared Kushner sets sights on Phoenix Agencies
07.09.23|Golan HazaniPhoenix Holdings is trying to bring in a partner to Phoenix Agencies, valued at more than a billion dollars. Jared Kushner's Affinity Partners is in advanced negotiations to purchase a quarter of the company
Jared Kushner's Saudi-funded firm to invest in Israel's Phoenix Insurance
29.08.23|Golan HazaniKushner's Affinity Partners is planning to acquire a 25% stake in Phoenix Insurance Agencies at a valuation of $1 billion. The process in being led by Jefferies and also includes Vitruvian Partners and Pollen Street Capital
Abu Dhabi state fund’s bid to acquire Israel’s largest insurance company Phoenix fall through
23.07.23|Golan HazaniThe Phoenix announced that due to regulatory concerns the parties agreed to terminate the term sheet to purchase 25% for approximately $640 million
Insurers need to reconcile their desire for automation with their slow adoption of tech
20.06.23|Dror PockardModernizing insurance operations can make insurers’ pricing models agile, coordinate efforts across lines of business such as pricing, rating, and underwriting, and aid planning
Capitola secures $15.6 million Series A for marketplace for commercial insurance
17.04.23|Ariela KarmelLed by Munich Re Ventures, this round will be used to grow Capitola’s platform with an emphasis on its market intelligence capabilities
World’s largest reinsurer to insure Israeli startup’s algorithm
18.01.23|CTechIsraeli company FUGU has created a solution designed to deal with complex e-commerce frauds and has insured it through Munich Re
Phoenix EVP: “Israeli innovation is the best there is”
30.11.22|Almog Azar"We are committed to constant improvement in order to continue to lead in an era where customers expect a Spotify and Amazon experience," added Ron Shvili, Phoenix Holdings EVP technology, IT and innovation
Will insurance digitalization introduce a new social platform?
23.11.22|Ilan BuganimIlan Buganim, chief technology and information officer at Sapiens, explains how social media accelerates insurance digitalization
Fintech startup Vesttoo raises $80 million at $1 billion valuation
25.10.22|Meir OrbachThe Israeli startup, which has developed a platform that facilitates the investment of new sources of capital in the insurance market, plans to use the new funding to make acquisitions
"In 2023 weSure will have premiums of more than a billion dollars"
06.10.22|Almog AzarEmil Vainshel, the co-founder of the digital insurance company, talks about the move to the US, discusses the latest challenging acquisition of Ayalon and downplays the drop in the stock price
Novidea to provide insurance giant Gallagher with insurance management platform
01.09.22|CTechThe deal is expected to generate tens of millions of dollars in revenue for the Israeli startup
Natural disasters are increasing - time to leverage the potential of tech for insurance
07.08.22|Dikla WagnerClimate change is one of the world’s most pressing issues, and its serious effects are felt globally. For the insurance industry, advanced technology will be essential to adapt to and mitigate climate risks
Kissterra raises $10 million from Poalim Equity to improve insurance marketing and distribution
16.05.22|Meir OrbachThe Israeli startup develops a cloud-based operating system for managing the digital marketing and distribution of insurance companies
Travel insurance startup Faye raises $8 million in Seed funding
11.05.22|CTechThe Israeli company’s platform covers travelers’ trips, health, belongings, and even their pets, all via an app that sends real-time proactive alerts
Sayata expands senior management with two new hires
24.02.22|James SpiroMaayan Sanderovitz Eshed is its new VP of Operations in Tel Aviv and Upasana Unni was appointed Chief Commercial Officer in Boston
Israeli startup GEOX to assess damage to millions of Japanese buildings for insurance giant Sompo
16.02.22|CTechThe company’s AI technology for analyzing 3D aerial images will help the Japanese conglomerate to improve the accuracy of the risk assessment and underwriting processes

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