Apollo's ibott division signs MOU with Israeli Insurtech CI
Apollo's ibott division, a global provider of insurance and reinsurance solutions, has signed a Memorandum of Understanding with an Israeli Insurtech CI. CI's technology will enable Apollo's clients to reduce their fleet and rider insurance costs and turn insurance into a revenue source by offering on-demand insurance.
CI is an Israeli insurtech founded in 2019, specializing in connected insurance solutions for the shared economy industry. CI helps businesses embed insurance into their offerings to strengthen their value proposition, create new revenue sources and bring peace of mind to their clients.
Chris Moore, Head of ibott at Apollo Syndicate Management, said: "We are proud and happy that we have found a partner that shares our vision and long-term strategy. CI brings its connected insurance technology to evolve an industry that is rapidly growing and with that growth comes a complex risk exposure that needs a modern and digital solution. The key to that is future-proof technology."
Tal Cohen, CEO of CI said, "The insurance industry is going through one of its biggest transformations in decades, and I'm excited that Apollo is betting big on machine learning technology like CI to take over parts of their traditional risk management functions."
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze