Elad Schaffer

לכל מי שמחפש קשר ישיר לחברות ביטוח - האקסלרטור המקוצר והאיכותי הזה בשבילכם (והפעם נפתח ללא תשלום! ) Kobi Bendelak For those who thought of turning to the world of insurance but have not yet done so -* Join our 7th cohort - *Insurtech Israel Bootcamp* I'm excited to announce the launch of another special acceleration cohort of our joint business partnership. This time , our focus will be on supporting on startups that are considering entering or have recently begun to enter the insurance world. Our aim is to provide intensive support, equipping with the necessary tools, knowledge, and connections to thrive in the insurance industry both locally and globally. Here's a brief overview of the schedule: 10/03 - Opening of registration for the program 16/05 - End of registration 03/06 - Selection Day (physical event in Israel with virtual participation for partners abroad) 16/06 - The cohort starting day 18/07 - Graduates event - On TLV' s seashore Startups, therefore it is recommended that you register for the program (*the program is free of charge but requires an investment of time and involvement*) which will open up to you many contacts in the world, a lot of knowledge about the world of insurance and speed up the activity significantly yours in this complex world. Our past experience shows that the program has greatly helped the mature startups To register, please use this link - https://lnkd.in/eVVtqYdJ Key Highlights of Our Program: Our program boasts an impressive lineup of partners, including from the insurance space , *AIG, IAG from Australia , Lloyd's of London, AON, Sompo insurance from Japan, AF group & Broker Tech Ventures from USA, Migdal insurance & Direct Insurance from Israel , and from the technology and business space Dell Technologies, Sapiens, Microsoft, Milliman, Deloitte, ReSource Pro, Bolttech, and more*. These collaborations provide an unmatched platform for your growth.

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We will be attending InsureTech Connect 2024 this fall and we can't wait to connect with insurance leaders and innovators. Check out this article published by Insurtech Israel News and learn how OpenLegacy is revolutionizing the way insurers approach core / legacy system modernization. See you at ITC 2024! 👉 https://bit.ly/3SOBEuk #OpenLegacy #ITC2024 #digitaltransformation #innovation #legacymodernization #mainframe #ibmi

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Only one week to go 🌍 Exciting times ahead! For the 7th consecutive year, we are proud to bring a delegation of Israel's top insurtech startups to the #ITC Vegas Conference – the world’s leading event for insurance innovation. #ITC conference has become an invaluable platform for both the insurance and investment communities, offering exposure to cutting-edge technologies from Israel and around the globe. It provides an unparalleled opportunity for startups to meet key industry players and gain incredible exposure over the course of the event. 🙏 A huge thank you to Nicole Peck Josh Grossman Bill Harris Paschoal Grassioto and the entire ITC team for their continued support of our delegation and for the success of the global insurtech industry. Your efforts have made a lasting impact on the evolution of the entire insurance world. 🚀 If you're involved in the insurtech or insurance ecosystem, I highly encourage you to register , ( link in the first comment ) and make sure to visit the Israeli Pavilion to experience firsthand the groundbreaking technologies shaping the future of insurance. Don't miss this incredible opportunity t meet the best insurtech startups OpenLegacy Five Sigma - AI-Native Claims Management RAVIN.AI Seenity Connected Insurance Wasens Healthee SECONDNATURE ClaimSetter SeismicAI amplifair Cytactic Jungo Connectivity Ltd Multyx Urbanico Pattern Insurance Docomotion AcumenAI XRHealth Mooves #Insurtech #ITCVegas #Innovation #IsraeliStartups #Insurance #Investments

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The Israeli tech sector has a reputation for its rich innovation and healthy competition. Actually, there are now more than 2,300 AI startups active in Israel today. Pretty incredible, isn’t it? It’s no secret to us here in Israel that our companies are disrupting existing markets and creating new ones while fostering an amazing community of technical talent. I’m proud that Google Cloud has been doing its part to build on these AI endeavors. So, who are some of the leading AI customers from Israel? Meet five incredible companies that are showing the world how Israel leads in new tech >> https://lnkd.in/end2efA3 #CloudForIsrael #AI

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We partnered with Unistream - יוניסטרים to train Israel's future tech leaders at Migdal Group this week! We helped young, aspiring entrepreneurs learn how to present a #startup to potential investors. They learned about financial data, Q&A techniques, and other skills to foster future growth, #innovation and economic prosperity in Israel. #startups #Insurance #insurtech Moran Avnon, Adi Meidan

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I was recently included in the list of the 1,000 most active angel investors in Israel https://lnkd.in/erPY8utD (I invest in Israel, the US, and Europe) The authors (Joey Faur and Oz Hassine from Flashpoint Venture Capital) gave some great tips on reaching out to angel investors. Since the article is in Hebrew, I am providing the translation below for your convenience. ''When crafting your pitch, keep the message short and focused, and make sure to include several key elements: 1. Opening: Briefly introduce yourself and your startup. 2. Value Proposition: Highlight what sets your startup apart and why it’s an excellent investment opportunity. 3. Achievements: Emphasize significant accomplishments, such as winning competitions or participating in accelerators. 4. Meeting Request: Clearly state your intention to discuss a potential investment. 5. Attachments: Include relevant materials, like an investor pitch deck, but avoid overloading with unnecessary information. 6. It's important to maintain conciseness—a message that’s too long won’t get read. When an angel investor shows interest, you need to be fully prepared for the meeting. Have a deep understanding of all the details related to your idea—financial data, forecasts, key performance indicators, competitors, and anticipated challenges. Your pitch should focus on the investor’s areas of interest and address potential questions even before the angel asks them. Even if you don’t secure an immediate investment, continue to nurture the relationship with the angel investor you met. Regular updates on your startup’s progress can keep the door open for future investment opportunities. Avoid Common Mistakes Now, let’s discuss two common mistakes you should avoid: 1. Failing to Do Research: Research investors before reaching out to prevent unnecessary misunderstandings. 2. Understanding Angel Risks: Acknowledge the risks angels face, such as dilution of equity and later-stage investments. Showing angels that you understand their perspective can increase their trust in your ability to make good use of their money.'' ---- Interested in investing in VCs & startups? let's connect.

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An Israeli insurtech startup developed a new AI platform that monitors driving fleet drivers’ performance and smartphone activity behind the wheel, and uses them to set insurance prices. Tel Aviv-based Fairmatic was founded in 2017 by its CEO Jonathan Matus, a former Google employee who worked on the development of the operating system for the tech giant’s Android phones.  Creating a way to reduce drivers’ smartphone usage is “fixing a problem I helped create,” Matus tells NoCamels. The Fairmatic app is installed on fleet drivers’ phones, where it uses AI to monitor both phone activity and driving performance in real time. It is these two data points that are central to deciding the price of a fleet’s insurance. #insurtech #aiplatform #drivingfleet #driversperformance #israelinnovation #israelitech #smartphoneactivity #insuranceprices https://lnkd.in/e2KGhUtH

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🌟 InsurTech Israel – 2024 in Numbers 🌟 As 2024 comes to a close, we're proud to share the incredible strides made in the Israeli insurtech ecosystem, driven by innovation, collaboration, and global connections. Together with our amazing startups and partners, here’s what we accomplished this year: 🚀 3 acceleration programs as part of The Israeli Insurtech Accelerator, empowering growth in the insurtech sector. 🧑‍🏫 30 workshops with local partners, engaging around 300 participants in shared learning and collaboration. 🌍 100 mentoring sessions, connecting startups with global industry leaders. 🤝 2 major events, attended by over 200 startups for presentations and networking. 📈 A thriving community of 230 insurtech startups, with 72 new startups joining in 2024. ✈️ Roadshows and delegations in #Switzerland, #Germany, the #UK, and the #USA, featuring 36 Israeli startups. 🎤 Representation at #ITC and Insurtech Insights conferences with 22 Israeli startups. 🔄 17 international projects, executed through our offices in #Germany, the #UK, and the #USA. 🎓 48 accelerator registrations, with 20 graduates successfully completing the program cycles. 🌟 1564 participants attended our events in Israel and abroad. 💡 The year’s key funding milestones and achievements include: Planck achieved a major milestone with a $300M exit, highlighting the strength of Israeli insurtech innovation. Novidea raised $50M t. Assured Allies secured $42.5M in Series B funding Next Insurance is expanding after a $265M investment. Air Doctor raised $20M GeoX Innovations secured $19M Series A funding t Cytactic raised $16M in seed funding . DigitalOwl raised $12M Healthee raised $32M Honeycomb Insurance reached a $35M valuation milestone. Guardz raised $18M Series A Sensi.AI Raises $31 Million Series B AmTrust Financial Services, Inc. Invests in weSure Global – 72.6 M NIS Empathy raises $47 million 2024 was a year of growth, global partnerships, and groundbreaking innovation for Israeli insurtech. Looking ahead to 2025, we’re excited to continue supporting startups, fostering connections, and driving the future of insurance technology. Thank you to everyone who was part of this journey – our startups, partners, and the global insurtech community. Together, we are shaping the future of insurance innovation. 🚀 #InsurTech #Insurtechisrael #Israel #Innovation #Startups #GlobalConnections

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Please watch this video if you cherish life, liberty, and the pursuit of happiness. The POTUS seems to have been hijacked not only by dementia, but also by Islamism, which is sweeping the free world like wildfire. As if 9/11 wasn’t enough. As if Oct 7 wasn’t enough. As if hijacking higher education and our economies in the free world wasn’t enough. It’s time for civil people to take back control and defeat Islamism. The only party that offers a way out right now are the Republicans as seen in this video, along with the Israelis who are fighting this evil while sacrificing their brightest in the process. Please consider making a donation to the speakers in this video, to Israeli soldiers at the IDF, and most importantly - speak up! Sitting quietly on the sidelines as the foundations of the civil world are shaken by Islamism (take 2, after WW2... Islamism is the ideology that inspired German National Socialism, and the one that denies it ever happened while disseminating Mein Kampf in Islamist school systems) is the worst we all could do. If you’re a Muslim that fled Islamism to live in democracies like the U.S. or Israel, you especially are indebted to uphold the values of life, freedom, and the pursuit of happiness. If you consider yourself a liberal, if you’re gay - you especially are indebted to uphold the values of life, freedom, and the pursuit of happiness - you saw what it’s like under German National Socialism - which is today’s Progressivism, brainwashed by Islamism. Let’s fight and reject this horrific evil of Islamism together. There is no other way.

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Meet Seenity: Smarter Risk Assessment Solutions 🚀 In our latest series on the Israeli Insurtech delegation attending ITC Vegas this October, we’re thrilled to highlight the innovative companies that are revolutionizing the insurance industry. This week, we're shining a light on Seenity, diving into their journey, challenges, and cutting-edge technologies through insightful interviews. Stay tuned to discover how they’re shaping the future of risk management #Insurtech #ITCVegas #Innovation #RiskManagement Read the full interview at the link in the comments section below Pic: from the left Oren Atia, Elad Palensia

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Meet RAVIN.AI: Automating Vehicle Damage Detection In this first installment of our series on the Israeli Insurtech delegation attending the upcoming ITC Las Vegas, LLC convention in October 2024, we are thrilled to introduce our readers to the innovative companies reshaping the insurance landscape, starting with RAVIN.AI, and delve into the depth of their journeys, challenges, and cutting-edge technologies through in-depth interviews. The link to the full article is the comment section

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I was honored to speak at the Globes Investment Conference on the evolution of #ArtificialIntelligence and its increasing impact on our world. #AI holds immense potential to revolutionize industries and improve lives, but it also introduces complex risks that require a nuanced and cautious approach. The main difference between software development and using AI technology is that in software development you know how to accurately plan the result while in AI you neither want nor expect to determine it. As with investments, the more risk you take the more return you expect, and to achieve meaningful business impact through AI, risks indeed will have to be taken. But by moving forward while mindful of these risks and using appropriate guardrails to mitigate them, we will guide the trajectory of AI successfully.

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InsurTech Israel Wins Best Global Insurance & Insurtech Collaboration at Global Insurtech Awards. A prestigious recognition that highlights the innovation and excellence of the Israeli insurtech ecosystem. Read the full article in the comments Kobi Bendelak

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Kudos to Kobi and the InsurTech Israel team for this fantastic infographic! Kobi, your leadership and vision are truly driving innovation in our industry. It’s inspiring to see the impact you and your team are making in shaping the future of insurance. It’s great to see Motoro featured among such trailblazers, and we’re proud to be part of this journey with you. At Motoro, we’re not just participating; we’re pioneering a new era in vehicle security. Our innovative solutions are designed to tackle the growing challenges of car theft head-on, reducing financial damage and enhancing safety for all. We’re setting a new standard in the industry, leading with technology that doesn’t just meet today’s needs but anticipates tomorrow’s threats. If you’re not following what we’re doing, now’s the time. Explore our groundbreaking work at www.motoro-security.com . #InsurTech #Innovation #Leadership #VehicleSecurity #CarTheftPrevention #AutoInsurance #RiskManagement #InsurTechIsrael

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Summarizing DefenseTech Summit 2024 🛡️ It’s truly inspiring to witness the incredible momentum in the DefenseTech space, with over 1,000 participants from Israel and abroad. The event brought together leading global VCs, corporates, and defense bodies, showcasing the growing interest in this domain. We at Fresh Fund are honored to be one of the sponsors and partners of this important summit. We firmly believe Israel is uniquely positioned to become a global hub for impactful startups that not only emerge but thrive in this dynamic field. Our partner, Naor Caspi, participated in a fascinating panel alongside Nimrod Cohen (Tau Ventures), Alex Shmulovich (Viola Ventures), and Dorin Baniel (NightDragon). The discussion revolved around the opportunities and challenges for early-stage startups in DefenseTech and why this sector holds such significant promise for Israeli entrepreneurs. We’re already active in this space, with five investments in startups like R2 Wireless, Shifters AI Robotics, Tip&Cue, and two additional stealth ventures. And we’re eager to invest in more. DefenseTech founders inspire us—they’re purpose-driven, highly talented, and recognize the opportunity to build large businesses with meaningful impact. If you are building something in this space, reach us out. Congrats to the organizers for such an incredible event. Tel Aviv University Nir Weingold 🇮🇱 DDR&D (MAFAT) - Directorate of Defense Research & Development

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"We have hundreds of customer service representatives answering over 12,000 inquiries daily via phone and online." This was the opening line from a conversation with the Customer Service Manager at one of Israel's largest insurance companies. During the meeting, we learned that about a third of these inquiries are related to health insurance—coverage, eligibility, and claims. When a representative needs to search through various policies, annexes, and relevant cases, just locating and comparing the data in the company’s systems can take 7-15 minutes, sometimes even more. Then we introduced MediMe AI. The tasks that used to take minutes were completed in just a few seconds with high-level detail. MediMe AI generates a detailed report for the inquirer, clearly and comprehensively outlining all relevant data and the representative's notes, in an easy-to-understand and personalized manner. You can already grasp the implications—reducing customer service costs and increasing customer satisfaction. We are progressing to the system integration phase in the company's customer service operations. I'd like you to please stay tuned for updates :). MediMe develops the MediMe AI platform for real-time analysis of unstructured data (policies, annexes, eligibility, medical exclusions, different versions, and more), creating uniformity and enabling comparison and analysis at the click of a button. #Insurance #Technology #AI #CustomerService #Innovation #MediMeAI

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I was recently interviewed about the dangers of Chinese smart cars. This topic reminds me of a talk I gave in 2014 at RSA San Francisco, alongside the superstar Hila Meller, and at TEDx in Greece (thanks to the amazing Keren Elazari). Both talks were titled "State-Sponsored Spies Inside Facebook." In these talks, I discussed the growing cooperation between commercial entities and their governments. I concluded with this question: Will we teach our children not to download certain apps just because they were developed in an enemy country? Just a few years later, this scenario has become a reality. For example, the U.S. government prohibits its personnel from installing the Chinese TikTok app, citing concerns that it is used by the Chinese government to track people globally. It's easy to vilify China as the "evil giant," but let's not forget that the U.S. has engaged in similar activities. Edward Snowden revealed that the NSA used data from companies like Google, Facebook, Microsoft, and Apple to promote American security and economic interests. And the U.S. is just one example in a long list of countries engaging in such practices. To summarize my RSA and TEDx lectures in one sentence: Nations have both homeland and financial incentives to embed spies in commercial companies like Facebook, Google, and Apple. Years after my lecture, it was discovered that Saudi Arabia had hired three spies inside Twitter to gather information on regime opponents. The Saudi authorities boasted of a new secret weapon against dissenters, claiming that the anonymity of the internet no longer protected them. Surprisingly enough, Saudi Arabia has started building their relationship with the Twitter spies, just 5 months after my talk. I hope my lecture wasn't the inspiration for their actions, though the RSA conference is attended by 30,000 people, and my talk had only about 30 attendees (0.1%). So, the chances are slim. Now, this scenario is repeating itself with smart cars. These vehicles are equipped with countless sensors, including microphones and GPS, transforming what was once a private space into an advanced surveillance system. This poses significant security risks, especially for military and security personnel who might have confidential conversations in their cars. And this is before we even consider the cyber threats, such as car hacking and kidnappings. However, it's essential to remember that the smart car war is primarily an economic one. The American automobile industry accounts for over 3% of the U.S. GDP. The Chinese see the smart electric vehicle revolution as a once-in-a-lifetime opportunity to reshape the industry and aim to be the leading player. They have numerous advantages, such as natural resources, mass production experience, and cheap labor. Moreover, the Chinese government is making it a national goal to dominate this sector, even subsidizing car production to artificially lower prices. The car war is on.

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🚨I was excited to join Dr. Kobby Barda on this podcast, where we discussed the vital tech partnership between Israel and the U.S., especially in cutting-edge tech like AI, as both nations navigate global challenges while developing and deploying responsible AI. https://lnkd.in/dGFDK6ia #AI #innovation #ResbonsibleAI

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This episode of Profiles in Risk features Dr. Yael Benvenisti discussing Israel's innovative culture in the insurtech sector via InsurTech Israel Key topics include: 1. Israel's entrepreneurial spirit in insurtech 2. Technology's role in transforming insurance, especially in gerontology 3. The need for new underwriting models incorporating predictive technologies 4. Global adoption of insurance technology Insurtech Innovation in Israel & Gerontology- Profiles in Risk Episode 586 Highlights of the episode include: - Discussion of Israel's innovative insurtech ecosystem - Exploration of technology in gerontology, including social robots and passive monitoring devices - The importance of transforming insurance practices with new underwriting models - Emphasis on a customer-centric approach in insurance - Global perspectives on insurtech, with examples from Australia and Japan - Insights into the future of insurance, focusing on prevention and early detection https://lnkd.in/eC4a2Nhc

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