- RSA hosts London Market Broker Roundtable-changing needs of customers highlighted
- Lockton report highlights that UK companies are underestimating the impact of a data breach
- Standard & Poor's warns on some potential reinsurer exposures in 2017
- Standard Life and Aberdeen Asset Management merger completed
- Prudential sells US broker-dealer network
- Admiral turnover and customer numbers up in first half-"marginal increase in profitability and more material increase in underlying dividend" says CEO Stevens
- Talanx net income up 14.9% in "pleasing" first half expired
- Bongi appointed EVP of Professional Lines at Brit Global Specialty USA(BGSU) expired
- Charles Taylor TPA appoints Director of Strategy and Performance expired
- Davies Group acquires Claims Management Services(CMSL) expired
- Fidelis appoints CRO Mathias to Board expired
- Schinnerer Group to acquire ICAT expired
18th June 2017
Celent releases new report on InsurTech in Israel
Celent has released a new report entitled "InsurTech in Israel: Global Implications". The report was written by Donald Light, a Research director in Celent’s Insurance practice.
Israel is a small country that is a global leader in technology and VC-fueled startups. In March 2017 Intel paid over $15bn to acquire Mobileye(a provider of key technologies for autonomous cars). Even before this transaction, Israeli InsurTech activity had been booming. This report describes the foundations of that activity, and what it means for the global insurance and InsurTIch sectors.
The past two years have seen rapid growth in Israeli insurTech activity focusing on underwriting, fraud/analytics, distribution, and cyber-insurance. FinTech has the ability to draw on the strengths of Israel’s startup ecosystem, including strengths in security, mobility, and technical skills developed in elite Israeli military units.
“Given Israel’s combination of geostrategic challenges, outstanding technical and scientific education, major presence of global technology firms, and an army which exploits technological advantages, it is not surprising that many startups in Israel focus on two major themes: cybersecurity and fraud,” Light said.
“Each element of the startup ecosystem, such as very good technical education, is present in Israeli InsurTech,” he added.
Marsh Mac Trends(705 articles)