The company’s AI technology for analyzing 3D aerial images will help the Japanese conglomerate to improve the accuracy of the risk assessment and underwriting processes
A new innovation hub named Road2, aimed at encouraging AI-based entrepreneurship, was launched last week in the northern city of Haifa. Road2 was established through a collaboration between the business development center MATI Haifa, computer system and service company NVIDIA, and the Israel Innovation Authority (IIA).
The launch was celebrated with a live, in-person event as Israel opens its physical spaces again following a successful vaccination rollout and somewhat of a return to normalcy within the country. The event was attended by industry leaders such as NVIDIA’s Arik Kol, Dr. Ami Appelbaum, Chairman of Israel Innovation Authority; Mooly Eden, Former Senior V.P at Intel Corporation. President of Intel Israel; and Ruth Alon, founder and former CEO of NetVision, among others.
EasySend signs deal with Japanese insurance giant Sompo
The Israeli company s cloud-based technological solution converts PDF files into digital documents.
Japanese insurance giant Sompo has signed an agreement with Israeli no-code digital experience developer EasySend. As part of the collaboration, Sompo will use EasySend s platform to implement the digitalization of documents and integrate digital communications into its client interface. In the first stage, the technology will be integrated into its maritime insurance division and subsequently the project serving the system will be expanded to other departments in the company.
Due to a need that has become almost a necessity because of Covid-19, and thanks to technological developments and the maojr increase in use of digital services, many companies are required to adapt their communication channels to respond to consumer requirements and to adopt technological solutions, which effectively support these services.
Japan, which has a population of 128 million, is known as the country with the largest percentage of elderly people in the world, with one third of its citizens over the age of 65. Car accidents involving people aged 75 and over have climbed to new records over the past two years to 401 fatal accidents, which represent 14.4% of the total number of fatal car accidents in the country. Through an artificial intelligence (AI) based alternative, Sompo and Via are supporting a Japanese government initiative to reduce the number of accidents while providing incentives for the elderly to give up their driving license. In the Aichi Prefecture, for example, discounts are being offered for hundreds of restaurants in exchange for relinquishing the license.