Insurtech

20 stories about Insurtech
Vesttoo co-founders

Vesttoo scandal aftershocks still rocking insurance sector

25.07.23|Meir Orbach
Clear Blue Insurance Group is among those to have been affected by the alleged fraud that took place on the Israeli startup’s platform
מייסדי וסטו

Vesttoo’s top legal and financial executives leave the company amid alleged fraud scandal

19.07.23|Meir Orbach
The Chief Financial Officer, Chief Commercial Officer, Interim Chief Legal Officer, and Deputy Chief Legal Officer have all departed the startup embroiled in a fraudulent collateral crisis
Vesttoo co-founders

Vesttoo investigation reveals $4 billion fraud involving fake letters of credit

19.07.23|Meir Orbach, Tomer Ganon, Almog Azar
Most of the allegedly forged letters were from a leading Chinese bank, which appears to have been unaware of the situation
הנפקת למונייד בורסת ניו יורק יולי 2020

General Catalyst to invest up to $150 million to help Lemonade acquire new customers

29.06.23|Yarden Rozanski
Lemonade is aiming to expedite its path to profitability through the Synthetic Agents program in which General Catalyst will finance 80% of the cost of acquiring new customers in return for 16% of the premiums generated from the insurance policies
Dror Pockard

Insurers need to reconcile their desire for automation with their slow adoption of tech

20.06.23|Dror Pockard
Modernizing insurance operations can make insurers’ pricing models agile, coordinate efforts across lines of business such as pricing, rating, and underwriting, and aid planning
Faye team

Travel insurtech startup Faye lands $10 million in Series A

23.05.23|Meir Orbach
Faye’s protection can cover travelers’ flights, hotels, health, luggage, and even their pets
רועי אגאבאבא מנכ"ל Novidea

Insurtech startup Novidea raises $50 million Series C

03.05.23|Meir Orbach
Using an open API architecture, Novidea’s software platform enables brokers, agents, and MGAs to modernize and manage the customer insurance journey
יונתן מטוס

Fairmatic raises $46 million for AI-powered commercial auto insurance platform

16.03.23|Meir Orbach
The Israeli-founded startup, which has developed an AI-driven underwriting approach, has raised a total of $88 million over the past seven month
Assured Allies co-founders

Insurtech startup Assured Allies raises $42.5 million Series B for aging and retirement platform

07.03.23|Meir Orbach
Assured Allies’ platform combines machine learning and predictive analytics to offer aging programs proven to reduce the risk of disability, and retirement products that aim to make long-term care insurance accessible and financially sustainable
Click-Ins co-founders

Click-Ins raises $7.5 million to examine damage caused to vehicles through smartphone images

05.03.23|CTech
The Israeli company’s technology allows users to quickly scan the vehicle using their smartphone camera and to create a detailed report about the vehicle's condition
אירוע הנפקת למונייד

Lemonade cuts losses, plans to raise premium prices

23.02.23|Sophie Shulman
The company’s growth rate in the fourth quarter of 2022 was 116%, but despite revenues reaching $88.4 million, Lemonade still lost $63 million in the quarter
עמרי סנדיק , יואב אורון , דן חרש מייסדי OpenEyes

Insurtech startup OpenEyes raises $18 million Series A for commercial auto insurance for fleets

15.02.23|Meir Orbach
The Israeli startup aims to offer commercial automotive insurance at lower rates by reducing the frequency and severity of traffic accidents
Yaniv Cohen Eran Ben Ezer Novidea

Novidea announces appointments of Chief Customer Officer and Chief Finance Officer

05.02.23|CTech
Yaniv Cohen joins the insurance management platform as its new CCO, with Eran Ben Ezer to serve as the CFO
FINTECH

Israeli Fintech startups to watch out for in 2023

24.01.23|James Spiro, Elihay Vidal
As part of CTech's 2022 VC survey, we asked dozens of industry executives to name some startups they invested in over the past year. The following list highlights some of the notable Fintech startups suggested by their investors
Diyaa Shridi SOMPO

Insurtech: the latest industry innovations and improvements

20.12.22|Diyaa Shridi
“In spite of the setback for some of the insurtechs and digital insurance carriers, opportunity remains strong,” writes Diyaa Shridi.
Adoram Gaash Meirav Har Noy Moneta

Moneta Venture Capital raises $120 million for new fintech and insurtech fund

26.10.22|CTech
The fund has invested in over 30 ventures to date, including: Railsbank, Panorays, TipRanks, Insurify, Rewire, Atidot and Human API
רועי אגאבאבא מנכ"ל Novidea

Novidea to provide insurance giant Gallagher with insurance management platform

01.09.22|CTech
The deal is expected to generate tens of millions of dollars in revenue for the Israeli startup
הנפקת היפו Hippo בורסה ניו יורק

Hippo Insurance lays off 70 employees, cutting 10% of workforce

01.09.22|CTech
The shares of the Israeli-founded insurtech company fell by almost 6% on Wednesday, reducing the company’s market cap to $555 million
יונתן מטוס, מנכ"ל פיירמטיק

Insurtech startup Fairmatic raises $42 million to innovate commercial auto insurance

31.08.22|Meir Orbach
The company, co-founded and headed by Israeli Jonathan Matus, has developed AI-powered risk and pricing models that have been trained with nearly 200 billion miles of driving data and tested over five years of operations
Alex Zukerman Sapiens

Insurers must embrace technology – strategically

18.08.22|Alex Zukerman
As in many other industries where digitization has taken hold, insurance tech shouldn't be adopted just for its own sake, writes Alex Zukerman, Chief Strategy Officer at Sapiens