The home insurance group, which is transforming homeowners insurance, will fuel growth throughits global team Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced the expansion of its technology, product and marketing operations by opening its first international office in Tel Aviv, Israel, a global technology hub. The new office will be a center for innovation for the company, focused on the development of talent and technologies to fuel the products and services across Hippo’s business, delivering a transformative home insurance experience to its customers. The office will be led…

Choco will be focusing on professional liability insurance for independent traders on the basis that this segment is not being handled adequately by the insurance companies. The company operates under a fully digital model but will be marketing the product via insurance agents: “There are many customers who want to buy digitally but also want a human agent”. The Choco insurtech company is launching activity in Israel. Choco, which was founded by former Harel marketing VP Liav Gefen together with technology entrepreneur Uriel Aharoni, is currently starting to operate as an insurance agency specializing in the area of professional liability…

Wesure is expected to start selling policies already in the first half of 2022. It is expected that Weinschel will be moving with his family to New Jersey – Wesure’s home state in the USA Emil Weinschel  is moving to the USA to develop Wesure’s activity there. Wesure was founded by him three years ago. Wesure recently received an insurer license in New Jersey, Illinois and Pennsylvania and plans expanding into the whole of the USA. Wesure is expected to start selling policies already in the first half of 2022. It is expected that Weinschel will be moving with his…

An application has been filed recently to the Competition Authority for approval of the deal, and a request for Capital Market Authority approval will be filed soon. According the deal terms, Wesure needs to obtain Insurance Commissioner approval by May 2022 The Family Affairs Court has sanctioned the deal for the sale of Ayalon by the Rachmani family to Wesure. This is one of the pre-conditions for the deal. An application has been filed recently to the Competition Authority for approval of the deal, and a request for Capital Market Authority approval will be filed soon. According to the terms…

Q&A with Ilan levy, CEO-founder at M-ADAS What does M-ADAS do? Humpty-dumpty walks into his local insurance claims department. After thoroughly reviewing his case, the clerk politely replies, “I am sorry Mr. Dumpty, but gravity is a pre-existing condition”. We in M-ADAS believe that this could be solved. Our unique line of product’s based on simple, affordable and groundbreaking technology is targeting one specific battle against gravity which is the risk of rollovers in large trucks and overturning in motorcycle’s. Just to put things in prospective, in the publications Insurance Institute for Highway Safety, IIHS is showing that 47% of…

GreenRoad is engaged in the area of driving safety and driving monitoring * GreenRoad is on the way to establishing commercial collaboration with DIG, which is controlled by Eyal Lapidot * DIG is seeking to act as an insurer in Israel GreenRoad Insights, an international company engaged in driving safety and mainly driving monitoring, is planning on penetrating the Israeli insurance market. GreenRoad has engaged in an investment agreement with Moonstone Investments, controlled by former Phoenix CEO Eyal Lapidot, with a view to establishing insurance activity in Israel. The execution arm is planned to be DIG, which is controlled…

Q&A With Ian sanders, Blue Cape Founder and CEO What does Blue Cape do? Sanders: Blue Cape is a first of it’s kind platform that allows it’s end-users to easily understand the risk an area poses from an epidemiological perspective at high levels of granularity to given viral respiratory disease such as Influenza , Covid-19 , etc. and at the same time provide useful insights to different organizations at large when it comes to these types of problems How can it help users avoid infection risks? Sanders: By allowing people to easily understand where there exists risk to them…

The startups will be accepted to the accelerator, which will continue for six months, will receive technological and business accompaniment from leading mentors and technology experts. The Menorah Mivtachim group, together with five insurance companies from the USA, Europe and Japan, will be working together, via IBM’s Alpha Zone accelerator, to find Israeli startups with innovative technologies operating in the insurtech sector – digital data, artificial intelligence (AI), cyber and customer experience. The international insurance companies participating in the accelerator program alongside Menorah Mivtachim: AXA Next – the French AXA accelerator Allianz, from Germany FM Global from the USA Dai-ichi…