InsurTech

Rethinking excluded pandemic (and other) risks

It’s times like these with a global pandemic when we are reminded- insurance as a concept is simply not that complicated.  We make it so, with regulation, complex policy language, limited access to the products, seemingly endless variety of lines, mystique about its function, a vernacular that challenges even the legal world, etc. Why this matters is that most cultures/countries/economies are ill-suited…

MoneyNetint Forms Strategic Partnership with AFEX to Expand Network

  The new alliance enhances the MoneyNetint payment solutions offering around the world. MoneyNetint, a leading international payment solutions provider, announced a strategic partnership with AFEX, one of the world’s largest foreign exchange specialists. This partnership, leveraging AFEX’s API technology, will enhance MoneyNetint’s capabilities and allow it to offer a wider range of services to its corporate clients. MoneyNetint processes and facilitates the…

How Emerging Technological Trends Like AI, Machine Learning and Automation Are Reinventing An Entire Industry

More than two-thirds of insurance carriers will invest in predictive analytics and artificial intelligence over the next two years. Sixty percent of carriers will invest in automation, and more than half will invest in machine learning. The technological revolution in insurance isn’t just a thing of the future. It’s already here. If a business isn’t equipped to embrace the changes that are…

Elron Appoints Yaron Elad as CEO

Elron Appoints Yaron Elad as CEO, Focusing on Cybersecurity and Enterprise Software while maturing the value of its MedTech portfolio Yaron Elad, who served as Elron’s CFO for the last decade and was instrumental in leading Elron’s shift to software investments over the past few years, was appointed CEO. Chairman of the Board, Eduardo Elsztain said, “Yaron’s appointment is a commitment to…

Fearing a Stagnating Cyber Ecosystem, Elron’s VP of Cyber Evaluate Israel’s Next Steps

As Israel’s cyber ecosystem continues into a new decade, it is facing a 33% decline in new startups alongside the increased global competition. “Nothing runs on its own without energy. We must fuel innovation, boldness, and ingenuity,” said Zohar Rozenberg, VP of Cyber Investments at Elron

Zohar Rozenberg, VP of Cyber Investments at Elron & RDC, spoke to Israel’s cyber startups, investors, and ecosystem drivers the last week at Cybertech Tel Aviv, one of the world’s largest cybersecurity conferences. As a leading player in Israel’s cybersecurity field for decades, Zohar has helped shape IDF cyber policy and guided some of today’s most promising startups to impressive exits, grabbing the attention of global technology giants.

The reality of a vibrant cyber ecosystem in Israel has taken decades of investment, planning, and a culture of rewarding bold innovation. This joint private and public venture of creating the world’s leading cyber hub has paid incredible dividends that are felt beyond the cyber-ecosystem. These same benefits that have brought international prestige and investment are beginning to show troubling signs of slowing down. Corporates competing over talent with entrepreneurial capabilities and decreasing incentives to innovate are dangerous for Israel’s relatively young ecosystem. “Markets saturate, power consolidates, and competition grows stronger,” said Zohar Rozenberg. “Nothing runs on its own without energy. We must tirelessly fuel innovation, boldness, and ingenuity without letting our guard down.”

While 2016 welcomed 60 new startups, 2019 brought only 40, a staggering 33% drop. Despite a robust local ecosystem, along with the presence of the critical mass needed to support it, Israel is in danger of losing the innovative edge that has made it a model of success. As more companies try to build on existing markets, investors have begun to favor rapid revenues over significant innovations.

The presence of global tech giants helps innovative entrepreneurs better understand corporates’ needs and how to build enterprise-grade solutions. Their development around Tel Aviv and the center is yet another pillar of the local cyber ecosystem. Talented individuals,  graduating from the IDF’s coveted 8200 unit, which has proven to be trained, capable, and market-ready, can choose whether to take the path of founders or joining a global corporate. It is in the interest of companies big and small to welcome their bold ideas, encouraging them to tackle tomorrow’s cyber challenges.

Tomorrow’s ingenious solutions are being concocted today. Fintech, Insurtech, automotive, and manufacturing are evolving, bringing with them new cybersecurity challenges. Israel has the talent, infrastructure, and global investment needed to usher in a new era of Israeli technological leadership. We must also focus on keeping the critical mass high, encouraging new businesses to form and feed the ecosystem that has become a beacon of innovation.

The Insurance Industry in Iran: A Thousand – and – One – Nights Story

What does the Insurance landscape look like in Iran? What is the current situation? That is what we are going to read about in this article. This first article provides a general picture of the insurance industry in Iran. I will provide a map of Insurtechs in the next article and more detailed information on the ecosystem, it’s opportunities and challenges. I…

Insurance Companies Tap Modern Technology to Usher in an Era of Personalized Policies

  Relying on technologies that deliver real-time data, insurance companies are tapping new revenue streams, even where there is no historical data. Devices are allowing for more accurate policies and competitive prices for traditional as well as emerging use cases. Bringing new life and revenue opportunities into the insurance industry, the integration of new technologies is allowing insurance companies to serve more…

MoneyNetint Forms Strategic Partnership with TerraPay

MoneyNetint Forms Strategic Partnership with TerraPay New Alliance Expands MoneyNetint Payment Corridors into Asia and Africa LONDON, England – Jan 27, 2020 – MoneyNetint, a leading global payment solution provider, announced a strategic partnership agreement with TerraPay, a mobile-first international payment network, which will expand and enhance MoneyNetint’s reach into Asia and Africa. The expanded services will allow peer-to-peer transactions to transfer…