Yinon Dolev
Japanese insurance giant Sompo is closing its innovation arm in Israel — Sompo Digital Lab Tel Aviv. Over the past seven years, the local innovation lab facilitated partnerships with Israeli startups such as TytoCare, Planck, Parametrix, GeoX, and EasySend.
The lab, managed by Yinon Dolev, employed around 13 people in Israel.
In a statement, Sompo International said: “As part of a global organizational restructuring and efficiency process, Sompo has made the difficult decision to shut down its innovation lab operations in Israel. We extend our gratitude to the team for their years of contribution.”
The company added that all existing partnerships will continue under the management of the relevant business units.
