Bespoke services for foreign insurers include:

InsurTech Israel facilitate entry into Israel’s innovation ecosystem, as official or unofficial representatives. Assessing market opportunities, facilitating PoCs, creating effective interfaces with local start-ups, and providing thought leadership. We know the local ecosystem and all the key players.  Example bespoke services:

  • Innovation strategy – Defining, validating innovation vision, strategy and roadmap; Support selecting operating models per geography and market
  • Accelerating Open Innovation – Segmenting and analyzing the market; Generating deal flow; Assessing technology requirements and suggesting fit
  • Scouting & Startup appraisals – Assessing go-to-market strategy, business model and value proposition; Synergy assessments for specific insurers; Offering ‘gold standard’ seal of approval regarding compliance with relevant laws and regulations
  • PoC management – Facilitating day-to-day execution of commercialization projects; Designing and leading PoCs and scale-up pilots; Independent representation to group BUs
  • Launching innovation labs – Assessing potential and facilitating creation of innovation labs or related programs for global insurers
  • Introductions/assistance with local regulatory bodies and processes, where relevant

Bespoke services for insurtech startups include:

Insuretech Israel help entrepreneurs to define their value proposition, understand their product’s destination workflow, assess possible business use cases and analyse their target markets.  Example services:

  • Destination workflow – Generating use cases; Understanding insurance processes
  • Defining value – Helping to shape the story for investor presentations & refine business models
  • Go to market strategy
  • Creating business opportunities in US/UK/EU/Africa/Asia
  • Business model assessment – Assessing product-market fit; Defining reimbursement options
  • Compliance health-check – Evaluating readiness to do business in US/UK/EU/ (eg GDPR compliance)
  • Connections to our vast global network as well as the regulators EIOPA ,BAF, etc