The Tel Aviv-based VC firm FinTLV published the map and report to showcase the Israeli players across various sectors of the InsurTech industry. This comprehensive, clickable map features hundreds of companies categorized by different segments.
“The importance of the Israeli InsurTech ecosystem for the U.S. market lies in its innovative solutions and technological advancements,” says Gil Arazi, FinTLV’s founder and managing partner.
Several startups featured on the map have established offices, formed partnerships, and built substantial customer bases in the U.S., transforming the American insurance landscape.
One such company is Lemonade, which has revolutionized the renters and homeowners market with its AI-driven platforms, making insurance more accessible and affordable.
Hippo is recognized for its proactive home protection offerings, utilizing IoT devices to prevent claims before they occur. These advancements have significantly impacted Israeli InsurTech companies in the U.S. market.
Arazi also highlights Next Insurance, which provides tailored insurance solutions for small businesses, simplifying the process and offering competitive pricing. At-Bay, focusing on cyber insurance, delivers comprehensive coverage and proactive risk management solutions to protect businesses from cyber threats.
Israel, known as “The Start-Up Nation,” excels in deep-tech and cybersecurity, essential sectors given the increased cybersecurity risks due to global connectivity and cloud services.
“The deep-tech and cybersecurity expertise in Israel complements the needs of the U.S. insurance industry, providing cutting-edge solutions to complex problems,” said Arazi. “The connection between the two ecosystems is symbiotic, with Israeli companies seeking expansion opportunities in the U.S. and the U.S. benefiting from Israeli innovation and technological prowess.”
FinTLV aims to transform the insurance business into a global market leader by supporting the management teams of its portfolio companies with industry expertise. The firm invested into numerous startups across Europe, the U.S., China, and Israel.
