The ITC conference held in Las Vegas for the past 7 years was held this year after about two years in a face-to-face format. The main conference in the insurtech world attracts thousands of participants from all over the world. The Israeli delegation to the conference, led by Kobi Bendelak, CEO of Insurtech Israel, included 60 participants and 18 startups, including binah.ai, Air Doctor, RAVIN.AI, Futura Genetics, Five Sigma, Insurights Inc., OpenLegacy, Kissterra, Lightico, FIXC, EasySend, DigitalOwl, Contguard, LEO, Toonimo, Urbanico and Joshu, who presented their experiences. Bendelak notes that the conference is a great platform for startups to showcase their capabilities…

The Israeli Insurtech accelerator, opened its second cohort this month, Following the success of the first Cohort. Kobi Bendelak, CEO of InsurTech Israel, who together with Ayalon Insurance leads the accelerator’s activity, notes that over 40 Israeli Insurtech startups were registered for the second Cohort, which indicates the development of the industry in Israel and the great trust that the industry acquires in the Israeli Insurtech Accelerator activities For the second Cohort, startups were selected from a very wide range of technologies and solutions for the insurance world, such as Psyber, which deals with cyber insurance and providing protection and…

Group 11 leads this investment round in the company bringing simplicity and transparency to the historically complex industry of employer-sponsored health benefits in the U.S. Insurights, the AI-powered platform designed to improve human health by allowing employees to seamlessly access, understand and utilize their health benefits, today announced a total of $22M in seed investment led by Group 11. The platform is bringing on-demand, personally tailored answers to any employee with questions on how to navigate their employer-provided health benefits, regardless of their insurance provider. In addition to the profound impact on an employee’s mental and physical wellbeing, the lack…

Strategic Partnership Brings Together Aerial Imagery, Advanced Analytics, and AI to Help Customers Accurately Assess Risk, Prevent Fraud, and Reduce Costs. GEOX, a supplier of geospatial data to insurers, has today announced a strategic collaboration with EXL, a global analytics and digital solutions company, to deliver an integrated image analytics offering to insurance carriers. The joint solution aims to better assist carriers in achieving improved underwriting assessment, smart roof condition assessment, more precise property renewal assessment, and better claims processing support. “Data, analytics, and AI capabilities are integral for success in the P&C insurance vertical,” said Vivek Jetley, EVP and Head…

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…