IBISA NETWORK’s Post

“We structured the deal to be firing bullets instead of shooting cannons. That gave Benekiva what they needed, but also limited the risk to HLCat every stage.” –Stevve Shaffer, CEO, Homesteaders Life Learn from the journey of investment and commercial partnership between Homesteaders Life and Benekiva in the new book, "The Future of Insurance, Volume III. The Collaborators," plus lessons from other insurers and insurtechs working together to move the industry forward. Pre-order today at https://lnkd.in/e9akX4Rq #futureofinsurance #insurtech #collaboration

EBIDTA is a measure of the profitability of a company. Should this term matter to employees? It should, but of course there are other metrics as well that should be considered for profitability such as 𝑭𝒓𝒆𝒆 𝑪𝒂𝒔𝒉 𝑭𝒍𝒐𝒘. #ebidta

🏆 SWINZ powered by Insurnode is a top-9 contender at the Qorus Innovation Awards 2024. 📢Now they need your support by voting for them (SWINZ is in the Insurtech section) here: https://lnkd.in/dXrdWsSv Let's disrupt, transform, and win together!

🚀 BonVenture and Ship2B Ventures boost #digitalhealth with investment in Vivira 🚀 We’re excited to share that BONVENTURE and Ship2B Ventures have partnered to invest in Vivira, Germany’s top prescription app for #backpain. This new growth capital will enable the Berlin-based company to broaden its market presence and create additional digital therapies for musculoskeletal conditions. Why is the topic of back pain important to us? 👉 Because it is a big health challenge! 60% of Germans suffer from it each year, there's a clear need for effective, accessible #treatment. 👉 Only half of the patients have access to #physiotherapy, leaving huge opportunities for #digitalsolutions like ViViRA to filll the gap. 👉 Certified as a #DiGA, ViViRA can be fully reimbursed by health insurance, making the back exercises #scalable and accessible to millions. Welcome Philip Heimann and his #team to the BONVENTURE family! Your focus on personalized, accessible #healthcare perfectly matches our mission to invest in solutions that have a real #impact on people's lives! Read the full press release here: https://lnkd.in/dAKWqYAT Vivira Health Lab, Michelle Olschewski, Philip Heimann, Jordi Ferrer Rendé, Moisés Martínez Mures, Jana Hecker, Petra Becker, Philipp Semmer, Sascha Lorenzen, Björn Weidehaas, Stefan Sonnenberg #ImpactInvesting #DigitalHealth #HealthTech #Healthcare

🌍 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. The #ITC conference has become an invaluable platform for 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 visibility throughout 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 advancing the global insurtech industry. Your efforts have made a lasting impact on the evolution of the 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 to meet the best Insurtech startups: OpenLegacy, Five Sigma - AI-Native Claims Management, RAVIN.AI, Seenity, Connected Insurance, Wasens, Healthee, Second Nature, ClaimSetter, SeismicAI , amplifair, Cytactic, Jungo Connectivity Ltd, Multyx, Urbanico, Pattern Insurance, Docomotion, AcumenAI, XRHealth, Mooves. #Insurtech #ITCVegas #Innovation #IsraeliStartups #Insurance #Investments

Somali Insurance Market Penetration Rates Although insurance penetration remains relatively low across East Africa, compared to global standards It's interesting to know that insurance coverage in Kenya is currently less than 3%. While Insurance penetration in other countries like Uganda, Tanzania, and Rwanda around 1%. This highlights a significant gap in financial protection for individuals and businesses across the country. Despite advancements in technology and financial services many Kenyans remain uninsured according to Financial Sector Development FSD Africa. Many East Africans still lack awareness of the benefits of insurance or mistrust insurers due to previous negative experiences with claims settlement. This presents a significant barrier to insurance penetration, particularly in rural areas. Even though the absence of reliable and significant figures indicating the Somalia's insurance penetration rate it’s generally considered to be one of the lowest in Africa. Despite the fact that all active insurance service providers are Takaful companies and offering sharia compliant products that aligns with the community religious beliefs still there is a cultural acceptance barrier which contribute to low Somali insurance penetration compared to neighboring East Africa countries.   In addition, serious competition forms the traditional and tribe-based community insurance practices within Somali community which creates a serious market competition for formal Insurance service providers considered one of the main factors of the low penetration rate and small premium based market.   Despite these two important factors which contributing to the low insurance penetration rates, there has been growing awareness of the insurance coverage among the Somali people in recent years, this increasing awareness is driven by the growing presence of active insurance service providers in the market recently.   Although addressing the challenges of low insurance penetration is crucial, there are substantial opportunities for growth in the Somali insurance market as the insurance industry continues to expand due to the raise of public understanding of the importance of Insurance coverage among the society.   Finally, to improve Somalia insurance market penetration there is long journey ahead for both active insurance service providers and regulatory bodies as collaborative efforts are essential to address existing market barriers to fully realize the potential of the Somali insurance sector.  

🎉 Back to school and back to great news! We are excited to kick off our announcement series with a bang: Welcome to the #Ventech family, Korint Insurtech! 💰Insurtech startup Korint just raised €5M in a new funding round led by Ventech, to revolutionize the insurance industry. 🚀In just 18 months, Korint’s game-changing Core Insurance Platform has transformed how insurers and brokers launch and manage products. 💢 With cutting-edge technology and a growing list of partners (like Wakam and WTW), they’re set to become the go-to platform for digital insurance solutions. And now, it’s set to soar even higher! 😎 Exciting times ahead as Korint attracts more heavy hitters in the insurance industry. Stay tuned! 🔍Read more in the PR in the comment section. Jean-Baptiste L. Martin G. Jean Bourcereau 360 Capital Thomas Nivard François Tison Hadrien Bourrellis Charlotte Grenouilloux #FundingNews #Insurtech #Innovation #Ventech #Korint #DigitalTransformation #SaaS #Data

A much asked for facility within Qlik Sense is the ability to write back to dashboards, either through collaboration by making notes or actually keying figures back into cells for the dashboard to recalculate. Learn more about how this is possible at today's webinar, hosted by our partner Ometis https://lnkd.in/dntfNFSd #qliksense #InphinityForms

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

📢Ghanaian e-health startup BIMA Ghana has raised an undisclosed amount of funding from AAIC Investment to accelerate its expansion. “BIMA offers affordable health insurance products and digital health services tailored for the low income and underserved populations in emerging markets. The first licensed telemedicine provider in Ghana, it has since expanded its operations into Tanzania, as well as Pakistan, Bangladesh, Sri Lanka and Cambodia, serving more than six million active users. It has now secured an undisclosed amount of funding from AAIC, a health-focused VC fund which says its “sweet spot” is the US$1 million mark, having achieved profitability earlier this year. The funding will accelerate BIMA’s growth in existing markets and support the company’s expansion in Africa by leveraging AAIC’s network and expertise. “ Source https://lnkd.in/dGhrma-v