Menorah Mivtachim Holdings Ltd. will operate. (TASE:MORA) and international insurers from the United States, Europe and Japan are exploring Israeli startups using new technology in insurance (insurtech), data, artificial intelligence (AI), cybersecurity, and customer experience, via IBM’s Alpha Zone Accelerator Program. The international insurers participating in the program alongside Menorah Mivtachim are AXA Next, the innovation accelerator of the French company AXA; Allianz of Germany; American company FM Global, Dai-ichi Life of Japan and Qualitas of Mexico. Startups accepted into the six-month accelerator program will receive business and technology mentoring from leading mentors in international insurance companies and from IBM technology experts in Israel and around the world, workspace at IBM, and credit for IBM cloud services of up to $120,000 per year. In addition, startups will be able to demonstrate the concept, implement their products through participating insurance companies, and get investments from these companies. Moshe Morgenstern, Executive Vice President and Chief Technology Officer at Menorah Mivtachim, said, “I am sure that the winning combination we have created represents a special opportunity for Israeli startups in the in-house technology field. They will get all the highly advanced tools that are required, and the possibility to install their technology in business operations. For insurance companies, investment by leading global companies. $66 million investment in Israeli insurance technology company Last week, Tel Aviv-based Israeli insurance company Kissterra announced a $66 million investment in the company by Menorah Mivtachim Group. Kissterra has developed a marketing program for US auto insurance companies that analyzes and differentiates potential customers. The company was founded in 2015 by Yiftach (Efty) Kerzner, former musician and TV presenter, and Segev Shelton. Menorah Mivtachim is one of ten financial institutions that were selected by the Innovation Authority last September to receive protection for their technology investments. Organizations will invest NIS 2 billion in technology companies in the sales and growth phase, and will receive government guarantees covering 40% of the investment in the event of failure. Related Articles Menorah Mivtachim teams with P2P co Blender loans The scheme covers investments made within eighteen months of the announcement of eligible institutions (that is, until the end of the first quarter of 2022), in Israeli technology companies in the initial growth stage, managed for a period of 8.5 Years. Published by Globes, Israel business news – en.globes.co.il – on July 26, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
Menorah Mivtachim Explores Israeli Scouts with International Insurance التأمين
0 Comments