Israeli innovation continues to make waves on the global stage, with eleven companies being recognized in CNBC’s 2024 report of The World’s Top 150 Insurtech Companies. Compiled in collaboration with Statista, this prestigious list highlights the firms that are at the forefront of transforming the insurance industry through technology.
In the face of challenges such as a significant 18% drop in venture capital investment in the first quarter of 2024, Israeli insurtechs are proving their resilience and ability to innovate across various market segments.
Digital Insurers
This category showcases insurance carriers and Managing General Agents (MGAs) that harness cutting-edge technology to offer a more personalized and flexible insurance experience online. Four Israeli companies stood out:
- At-Bay
- Next Insurance
- Lemonade
- Hippo
Marketing, Sales & Distribution
Insurtechs in this category are recognized for providing innovative tools and infrastructure to enhance how insurance products are launched, marketed, and distributed. The goal is to drive business growth while boosting customer satisfaction. The Israeli companies making an impact here include:
- Atidot
- Ledgertech
- Bolttech
- Earnix
Policy Administration & Admintech
This segment focuses on companies offering innovative solutions that streamline policy management and automate administrative tasks using technologies like cloud computing and AI. Israeli companies excelling in this area are:
- Novidea
- Sapiens
- EasySend
Kobi Bendelak, CEO of InsurTech Israel, stated: “It is a great honor that 11 startups founded and operating in Israel have been selected for this prestigious list. Israel is one of the global capitals of the insurtech industry and a world leader in innovation in this field. The involvement of international insurance and technology companies in InsurTech Israel, along with our support for the industry, has yielded impressive results. I would also like to highlight the last quarter, during which over seven Israeli startups announced funding rounds exceeding $30 million each, and the successful exit of Planck.”
