Investment to be made via Caesarea Medical Electronics Holdings (2000) Ltd, controlled by the Barak family * Wesure shares to be issued at a price of 6.3 shekels per share, up 8% since the issue in March of this year * Ayalon shares to be sold to the Barak family at the same price as they were acquired by Wesure Wesure Global Tech (Wesure) has recruited a strategic investor for the acquisition of Ayalon: the company has signed an agreement under which the Caesarea Medical Electronics Holdings (2000) Ltd company, which is controlled by the Barak family, will become, on…

Harel alternate investments manager Tomer Goldberg: We are convinced that Sproutt will be an important partner and player in the life insurance scene and look forward to seeing how it will provide personally tailored life insurance to customers who believe in a healthy lifestyle The Israeli Sproutt insurtech startup, which offers digital life insurance to consumers in the USA, has completed a 26 million dollar second round financing. The round was led by the Israeli MoreTech Ventures investment fund. Also participating were Harel Insurance, The Raptor Group, Falcon Edge Capital and the existing investors. The company says that the capital…

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…