Japanese insurance giant Sompo has launched a new insurance product to insure e-commerce stores on platforms such as Yahoo! Shopping, Shopify, and Amazon, based on the technology of Israeli startup Parametrix. Paramatrix s plan is to provide service to millions of customers in Japan and the Far East over the next few years, thanks to the collaboration. The project was created and agreed upon during the Covid-19 pandemic solely through Zoom meetings.
Parametrix specializes in insurance policies in the event of cloud-based crashes or downtime, ensuring that companies with mission-critical services in the cloud can quickly recover from IT downtime events. The startup, which raised $17.5 million earlier this month from FirstMark Capital, and F2 Ventures, was founded two years ago and has more than 30 employees in offices in Israel and around the world. The company offers its insurance products in Israel, the U.S., and Europe, and now with the collaboration with Sompo is expanding to
Delhi government introduced price caps on Covid-19 care at private hospitals, but failed to enforce them. This put the city’s residents, already struggling with trauma and loss, under tremendous financial strain.
Rachel Blank, former director of strategy at digital health unicorn Ro, left to start her own digital health company. Her new startup, Allara is focused on helping people manage polycystic ovary syndrome (PCOS).
According to market estimates, among the upcoming issues, insurance major, LIC is likely to launch a Rs 70,000-90,000 crore issue. The IPO list is dominated by financial services sector. Food
The growing number of ransomware cases in recent years highlights the importance of implementing a security culture in organizations, even more so when, due to the pandemic, many people have switched to working from home.