AmTrust Announces Partnerships with Israeli Technology Firms at OurCrowd Global Investor Summit in Jerusalem
February 01 2018 - 1:00AM
Artificial-Intelligence Driven Research Platform
from Spark Beyond to Foster Enhanced Customer Intelligence
AmTrust Financial Services, Inc.
(Nasdaq:AFSI) (the “Company” or “AmTrust”)
, a
multinational property and casualty insurer, today announced
partnerships with several Israeli technology start-ups at the
OurCrowd Global Investor Summit in Jerusalem. AmTrust
Innovation recently added a local presence in Israel and is focused
on discovering, partnering and investing in companies that will
enhance and automate customer and agent interactions and streamline
insurance business processes including underwriting, claims and
payments. AmTrust executives, including Chief Operating Officer,
Chris Longo, Chief Information Officer, Ariel Gorelik, and Chief
Marketing Officer, Michael Lebor, are holding an open session for
Israeli technology firms during the OurCrowd Summit to discuss how
technology firms can best partner with insurers to achieve mutual
success.
“Israel is a hub for new technology development, with an
emerging focus on Insurtech specifically, and AmTrust is
capitalizing on this through our local presence,” said Yair Smith,
VP of Strategic Development for AmTrust. “We’ve partnered with two
local firms, Reply.ai and Verishow, to improve our customer
interactions through chat bot communications, video chat
capabilities and improved communication with AmTrust’s systems. We
also believe Spark Beyond’s AI platform will provide us with
insight and recommendations that will greatly improve our business
and provide a lot of value to AmTrust.”
SparkBeyond is an artificial intelligence-powered research
engine capable of finding complex patterns in data to create
actionable business and process recommendations. AmTrust will
utilize SparkBeyond’s capabilities to assist in improving the
company’s quoting and binding processes.
The Reply.ai Chat-Bot solution will support AmTrust’s customer
service representatives (CSRs) and automate client interactions to
improve service times and communications between customers and the
company’s billing, payments and policy administration
platforms.
Verishow will provide AmTrust agents and CSRs with video chat
capabilities including co-browsing, document interaction and
certified e-signature capabilities.
AmTrust’s technology partnerships announced at the OurCrowd
Summit are the latest example of the company’s focus on modernizing
its business and the insurance industry overall. Last week, the
company unveiled its new TapSafe smart connected warranty app that
will enable consumers to automatically find, identify and protect
all of their connected devices including phones, tablets, smart
home hubs, wearables and more.
To learn more about AmTrust, please go to
www.amtrustfinancial.com.
About AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc., a multinational insurance
holding company headquartered in New York, offers specialty
property and casualty insurance products, including workers'
compensation, commercial automobile, general liability and extended
service and warranty coverage through its primary insurance
subsidiaries rated "A" (Excellent) by A.M. Best. AmTrust is
included in the Fortune 500 list of largest companies. For more
information about AmTrust visit www.amtrustfinancial.com.
For more information, please contact:
AmTrust Financial Services Hunter
HoffmannGlobal Director of Public
RelationsHunter.Hoffmann@amtrustgroup.com646.458.3362
This news release contains certain forward-looking statements
that are intended to be covered by the safe harbors created by the
Private Securities Litigation Reform Act of 1995. When we use words
such as "anticipate," "intend," "plan," "believe," "estimate,"
"expect," or similar expressions, we do so to identify
forward-looking statements. Examples of forward-looking statements
include the plans and objectives of management for future
operations, including those relating to future growth of this
business and successful launch of new products, and are based on
current expectations that involve assumptions that are difficult or
impossible to predict accurately and many of which are beyond our
control. Actual results may differ materially from those expressed
or implied in these statements as a result of significant risks and
uncertainties. Additional information about these risks and
uncertainties, as well as others that may cause actual results to
differ materially from those projected, is contained in our filings
with the SEC, including our Annual Report on Form 10-K and our
quarterly reports on Form 10-Q. The projections and statements in
this news release speak only as of the date of this release and we
undertake no obligation to update or revise any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by law.
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