By leveraging FinTLV’s access to InsurTech companies around the globe, Sapiens plans to incorporate new technologies and provide strong InsurTech ecosystems for its core products.
The global innovation platform will Japan’s largest insurer, with its network of 150 multinational corporations and investors, and more than 10,000 startups.
A new Celent report serves as a starting point for a look at the InsurTech section of Israel’s tech startup culture, focused on the city of Tel Aviv.
The company has grown total written premiums to $270 million, growing at 140 percent YoY, has raised a total of $359 million in investment capital and is now valued at $1.5 billion.
The round was led by Alphabet’s CapitalG fund, with participation from FinTLV and Munich Re, bringing overall capital raised to $631M.