Israel’s worldwide insurtech accelerator, established by Ayalon in collaboration with Insurtech Israel and BrokerTech Ventures held its half-time occasion final week. Insurtech Israel CEO Kobi Bendalek thanked the entire startups and companions. The occasion began with a collection of interviews with the accelerator’s three enterprise companions: Alex Zuckerman from Sapiens, Yinon Dolev from Sompo and Michael Byrne from McDermott Will and Emry. This was adopted by a questions and solutions session with Assaf Wand – CEO and founding father of Hippo, one of many key influential folks within the sector. Bendalek thanked Wand for his funding and assist in creating the enterprise.
Collaborating within the occasion had been had been representatives of the Insursights Inc, Ravin.AI, Ci-apfie, 5 Sigma, Serenus AI and Gamasec startups and the companions: Dell, Sapiens, Deloitte, Sompo, McDermott Will and Emry, Uzi Baruch, Shibolet & Co., BrokerTech Ventures, Ayalon and Milliman.
Ayalon’s funding within the particularly designated enterprise for creating ventures in areas related to the insurance coverage sector is estimated at round 10 million shekels, the preliminary funding within the startups accepted to this system being between 150 thousand and a half 1,000,000 shekels.
Ayalon’s distinctive accelerator holds two periods a yr, with 5-6 startups with the very best potential being chosen for every session. The choice is made by a panel of main Israeli and worldwide specialists from the enterprise atmosphere of the insurance coverage world, know-how and investments, who additionally act as mentors to the entrepreneurs and help them in submitting enterprise proposals to traders and insurance coverage corporations in Israel and worldwide.