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Palo Alto Networks founder Nir Zuk steps down, marking end of an era in cybersecurity

Armis raising hundreds of millions at over $5 billion valuation

The 83-year-old who sold his invention for $466 million, and still walks to work every morning

“Startups in Portugal and Israel are in a similar situation because the local market is not big enough”

AppsFlyer in advanced talks to be acquired at over $3.5 billion valuation

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Insurtech

20 stories about Insurtech

דיוויד מוסאפר שותף מנהל ב אדוונט ו גיא ברנשטיין מנכ"ל פורמולה

Advent bets on cloud transition with $2.5 billion Sapiens acquisition

14.08.25|Almog Azar

Insurtech’s U.S. market ambitions hinge on private equity’s deep network.

Lemonade surges after beating Q2 expectations and raising 2025 outlook

05.08.25|Sophie Shulman

Insurtech firm lifts revenue forecast to $715M after ending the second quarter with revenue of $164M.

The fall of Vesttoo enters criminal phase with Hong Kong arrests

08.06.25|CTech

Two former bankers accused of aiding billion-dollar fraud with fake LOCs.

Lemonade reaches $1 billion in premiums as 2025 kicks off strong

06.05.25|Sophie Shulman

Israeli insurtech achieves major milestone with solid revenue growth despite challenges from California wildfires.

Alon Huri, Guy Goldstein and Nissim Tapiro

Munich Re acquiring Next Insurance at $2.6 billion valuation

20.03.25|Sophie Shulman

The acquisition will see the digital insurer become part of Munich Re’s ERGO Group, expanding its presence in the U.S. small business insurance market.

Lemonade shares soar after promising Q3 results

31.10.24|Sophie Shulman

Insurtech company signals turnaround with strong cash flow and positive revenue forecasts.

After surpassing $110M in annual net revenue, At-Bay appoints Ken Riegler as President

06.08.24|CTech

The insurtech unicorn recorded gross insurance premiums of $301 million in 2023

Lemonade shares fall on Q2 results, 2024 forecast

31.07.24|Sophie Shulman

The insurtech company showed some positive progress in its latest earnings report, but its shares dropped after missing expectations.

אמיר כהן , אלעד צור ו דוד שפירו מייסדי Planck

Applied Systems acquires insurtech startup Planck in $300 million deal

23.07.24|Meir Orbach

The Israeli company will form the base for the insurance software giant’s AI Development Center in Israel.

Honeycomb raises $36M Series B for landlord insurance platform

07.05.24|Meir Orbach

The Israeli startup insures more than $21 billion worth of real estate assets and expects to triple that number in the next 12 months

From $200 million valuation to insolvency: Insurtech startup Sproutt heading for bankruptcy

01.05.24|Almog Azar

The Israeli startup raised $38 million since its founding in October 2017, but struggled to generate income and turned to the court due to its inability to pay its debts

Israeli insurtech company Sapiens, valued at nearly $2 billion, eyes sale

06.04.24|Reuters

Sapiens started exploring a sale after attracting takeover interest last summer and put its plans on hold after the outbreak of the war between Israel and Hamas. The company revived its efforts to sell itself a few weeks ago

Lemonade's stock crashes on 2024 forecast despite topping estimates

28.02.24|Sophie Shulman

The insurtech company's stock plummeted by 25% at the opening of trading on Wall Street following its forecast of doubling marketing expenses and a deceleration in revenue growth

Microsoft looks at Israeli high-tech as its ‘Gas and Oil’ in the Middle East

24.01.24|James Spiro

As the company searches for potential growth engines in the region, it partnered with Sapiens as a way to better penetrate the insurtech industry.

Insurtech startup DigitalOwl raises $12 million from insurance giant RGA

09.01.24|Meir Orbach

The Israeli startup's platform provides automated reading, summarization, and analysis of medical records for insurance companies and lawyers, providing real-time, highly accurate assistance in their underwriting, claims settlement, and fraud prevention processes

Vesttoo creditors claims reach $4.8 billion, but less than $100 million likely to be recovered

24.12.23|CTech

The bankruptcy court in Delaware conditionally sanctioned last week the reorganization plan under Chapter 11 for Vesttoo's bankruptcy, but according to industry website Artemis, it seems likely the creditors will only ultimately receive a miniscule portion of their claims

Fairmatic appoints Boaz Ram as Vice President of Product

19.11.23|James Spiro

“His rich experience in managing and launching innovative products will be fundamental in Fairmatic's growth and expansion in the U.S. and other markets," added Founder and CEO Jonathan Matus.

Creditors demand to liquidate Vesttoo and halt any attempt to reorganize the company

24.10.23|Meir Orbach

“Vesttoo – viewed as the Madoff of insurance – never operated as a business or as a going concern without revenue from the fraud,” read a statement by the Official Committee of Unsecured Creditors in the Vesttoo bankruptcy case

Court approves seizure of $30 million in assets from Vesttoo co-founders, execs

19.09.23|Meir Orbach

The request, submitted by the company and approved by the Tel Aviv District Court, included foreclosures totaling approximately $23 million on the assets of co-founders Yaniv Bertele and Alon Lifshitz, as well as foreclosures totaling $7.2 million on two former executives and a service provider

Vesttoo report claims co-founders “directly involved in creating fake documents and forging identities”

07.09.23|Meir Orbach

The insurtech’s board filed its first interim report with the bankruptcy court and confirmed the source of Letter of Credit allegations. "This is a biased and fundamentally flawed investigation, which targeted the company's founders from the beginning," Bertele said