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ISRAEL AT WAR - DAY 364
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Insurance technology
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July 23, 2024, 8:15 pm
Applied Systems buys Israeli AI insurtech startup to open a local R&D center
As part of the deal, the first in Israel for the US cloud-based insurance software provider, an AI development center will be created with all of Planck’s 65 employees
By
Sharon Wrobel
March 7, 2023, 7:48 pm
Insurtech startup raises $42.5m in fresh funds to help elderly ‘age successfully’
Funding follows partnerships with leading long-term care insurance carriers over the past year and members on startup’s platform soar by over 300%
By
Sharon Wrobel
November 9, 2021, 1:36 pm
Lemonade buys US data science firm to boost car insurance offering
Israeli-founded, NY-based company makes first acquisition with MetroMile, a San Francisco outfit that leverages AI for personalized insurance policies
By
Ricky Ben-David
November 3, 2021, 2:01 pm
Israeli insurtech firm Lemonade to roll out car insurance for US drivers
Company sets sights on $800b global vehicle insurance market with new service that will leverage telematics to set affordable rates
By
Ricky Ben-David
September 14, 2021, 3:11 pm
Japanese firm taps Israeli AI startup to automate commercial insurance
Sompo signs deal with Tel Aviv-based Planck to use machine learning platform for underwriting
By
Ricky Ben-David
July 27, 2021, 4:07 pm
Cybersecurity insurance firm At-Bay raises $185 million, becomes latest unicorn
At-Bay uses machine learning and other tech to assess cybersecurity risk of firms seeking insurance against attacks; funding gives 5-year-old startup valuation of $1.3 billion
By
Shoshanna Solomon
From the Web
June 27, 2021, 3:15 pm
Insurtech firm WeSure boosts portfolio with $110 million acquisition of Ayalon
Calcalist: WeSure to buy 50.4% of Ayalon at a NIS 700 million ($216 million) valuation, a 33% premium to value of the insurance firm’s shares traded on the Tel Aviv Stock Exchange
From the Web
May 31, 2021, 1:17 pm
Israeli insurtech co Novidea raises $30 million
Globes: The Netanya-based startup provides a cloud-based, data-driven insurance platform that allows brokers, and agents to cut costs and grow operations
October 7, 2019, 3:21 pm
Israeli-founded insurance tech firm hits $1 billion valuation
California-based Next Insurance gets $250 million infusion from Re Munich, becoming latest Silicon Valley unicorn with Israeli roots
By
ToI Staff
July 24, 2019, 5:25 pm
Israeli, Japanese insurance firms join forces to tap into Startup Nation tech
Harel Insurance and Tokio Marine sign accord to jointly pinpoint cutting edge tech in variety of fields including insurance, fintech, health and cybersecurity
By
Shoshanna Solomon
June 4, 2019, 11:35 am
Online insurer Lemonade reportedly seeking New York IPO
Calcalist website says firm founded by Israeli entrepreneurs Shai Wininger and Daniel Schreiber will seek to raise more than $500 million to expand operations
By
Shoshanna Solomon
October 17, 2018, 3:33 pm
China’s attention to Israel smart vehicle market creates insurtech opportunities
As local Israeli tech grows to play a pivotal role in autonomous car development, it can also aid the autonomous vehicle insurance market
January 30, 2018, 1:18 pm
Israel insurer joins forces with startup accelerator to tap into insurance tech
Menora Mivtachim, manager of Israel’s largest pension fund, to partner with MassChallenge seeking innovation in underwriting, claims services and more
By
Urvashi Verma
From the Web
January 2, 2017, 12:59 pm
Why the largest insurance companies are pouring into Silicon Valley
TechCrunch: As the world continues to change, insurance firms realize it’s time to catch up; in just a few months, 30 of the largest insurance companies have lined up to access today’s hottest insurance-focused startups, indicating they are ready to innovate
November 23, 2016, 12:44 pm
New competition to boost Israel insurance tech scene
Groundbreaking InsurTech startups wooed with $1m investment, exposure to market leaders
By
Shoshanna Solomon
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