The Israeli InsurTech Accelerator Today announced: “We are thrilled to announce the extraordinary achievements of The Israeli InsurTech Accelerator in our latest report. As a unique and boutique accelerator program within the insurtech industry, we have consistently driven Israeli insurtech startups to new heights over the span of five cohorts and 2.5 years. Our recently released figures vividly showcase the remarkable progress made by the five accelerator groups and their significant impact on the insurance technology sector”.
Key highlights from The Israeli InsurTech Accelerator program include:
Continued Success: Out of 25 graduates, 21 companies are thriving, with a combined value nearing $750 million. This is clear evidence of our program’s ability to attract investments and support entrepreneurs in the insurtech field.
Funding Milestones: The Israeli InsurTech Accelerator, a prestigious program, has garnered substantial trust from companies worldwide who join as business partners in our ecosystem. Our startups have raised over $100 million in the last year and a half and have signed more than 30 significant deals, establishing Israel as a leading hub in the global insurtech landscape with close to 200 active insurtech startups.
Extraordinary Growth: On average, startups that have completed The Israeli InsurTech Accelerator program have seen their valuation double since joining, demonstrating the program’s effectiveness in fostering rapid growth and development in the insurtech sector.
Partner Collaboration: The unique activities of the accelerator, Insurtech Israel, and the Israeli startups have created great trust in our system. Just in the last year, more than 10 international and local insurance companies, technology firms, and investment funds have joined as business partners, indicating the high level of trust in the Israeli startups and our activities.
Mentors – Over the past 18 months, over 25 of the world’s leading mentors, senior managers from the world of international insurance, technologists, regulators, senior academics and investment fund managers who support the insurance sector have joined our ranks.
“We are extremely proud of the achievements of our startups and the continuous growth of the insurtech sector and the Israeli Insurtech ecosystem,” said Kobi Bendelak, CEO of Insurtech Israel and The Israeli InsurTech Accelerator. “These exceptional results validate the effectiveness of our accelerator program and underscore the vital role that insurtech startups play in driving innovation in the insurance industry, while working to identify risks earlier and lower costs faster for our clients. As The Israeli InsurTech Accelerator continues to advance the insurtech landscape, the program remains dedicated to nurturing the next generation of insurtech leaders and driving continued success in the insurance technology sector.”
“The Israeli InsurTech Accelerator’s commitment to fostering innovation and collaboration in insurance technology has strengthened its reputation as a leading force in the insurtech ecosystem,” said Dan Keough Chairman & CEO of Holmes Murphy and Co-CEO of BrokerTech Ventures, and a representative from ITI’s partner organization. “We are proud of our relationship with the Insurtech Israel and the Israeli insurtech industry.”
“We are proud to be closely collaborating with Israeli InsurTech Accelerator since its inception” said Alex Zukerman, Chief Strategy Officer at Sapiens; “this provides us with a close view on the innovative and disruptive ideas in the InsurTech arena in early stages, allows us to benefit from the exchange of great ideas and thoughts with great innovative minds, and share our vast industry and tech experience and know-how with a larger group of incredible entrepreneurs “
The Israeli InsurTech Accelerator will once again take center stage, fueling the Insurtech Israel segment of the InsureTech Connect conference in Las Vegas on October 31st. Join us as we continue to shape the future of insurtech and insurance technology.
