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 underwriting for cyber insurance companies, Emotion, which developed a system that can predict extreme climate events months in advance, Urbanico that collects and analyzes municipal information in the US and enables insurance companies to use it to make an accurate insurance underwriting and the startup Covery that takes the world of insurance to the world of mutual insurance through an advanced risk management platform
The culmination of the second cohort will be the startup’s business trip to the US to Roadshow with insurance companies and investors in the US. The business trip will take place in the major insurance cities in the USA, Hartford, Stamford, New York and Des Moin , where there will be extensive meetings with government officials, investment insurance and more.
Roni Lichtenstein, VP of Chief of Staff and Innovation at Ayalon Insurance Company, noted that the Israeli Insurtech Accelerator has made a breakthrough in industry in Israel and included a broad and impressive coalition of local and international partners, including Ayalon Insurance, Insurtech Israel, Dell Technology , Sompo Japanese, Deloitte, Sapiens, Milliman, Shibolet, MWE and B-Summit. The Israeli Accelerator is also special in the fact that it also has partnered with Tikotsky Insurance Agencie and Alifim Insurance Agencie who bring with them to the Accelerator the angle of insurance agents.