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ISRAEL AT WAR - DAY 364

Insurance technology

Team at Israeli tech startup Planck, a developer of an artificial intelligence-based insurance data platform. (Courtesy)
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
Illustrative: Elderly people walk together in downtown Jerusalem, September 11, 2022. (Nati Shohat/Flash90)
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
Lemonade founders Shai Wininger, left, and Daniel Schreiber. (Ben Kelmer)
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
An illustrative photo of a driver on an open road. (anyaberkut, iStock by Getty Images)
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
From right to left: Sompo Tel Aviv Business Development Manager Meytal Shavit, Planck co-founder and CEO Elad Tsur, head of the Sompo Digital Lab Tel Aviv Yinnon Dolev, and Diyaa Shridi, chief technology officer at Sompo Digital Lab Tel Aviv. (Michael Cohen)
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
Illustrative. Hackers/cybersecurity (iStock by Getty Images)
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
A new way of greeting to avoid the spread of coronavirus. (iStock by Getty Images)
From the WebJune 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
Novidea founder and CEO Roi Agababa (David Garb)
From the WebMay 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
Next founders Nissim Tapiro and Alon Huri. (Courtesy)
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
Officials from Harel Insurance Investments & Financial Services Ltd. and Japanese insurance corporation Tokio Marine Holdings Inc. sign accord to join forces in scouting for cutting edge Israeli tech; Ramat Gan, July 24, 2019 (Batia Mor)
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
Lemonade co-founder Shai Wininger at his office in Tel Aviv on December 20, 2017 (Shoshanna Solomon/Times of Israel)
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
Members of the MassChallenge 2014 Israel Judges Panel at an event held by the organization, June 11 2015 (Courtesy)
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
Money image via Shutterstock
From the WebJanuary 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
Launch of InsurTech competition in Tel Aviv (Courtesy: Dror Sithakol)
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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