Insurer AmTrust Taps Israel’s Startup Hub
In April, the company hired Yair Smith as vice president of strategic development to spearhead the insurer’s scouting efforts in Israel
17:35
01.02.18
After less than a year of scouting the tech scene in Israel, AmTrust Financial Services, Inc. plans to make “several” equity investments Israel-based startups in the next few months, company spokesman Hunter Hoffmann said in an interview with Calcalist Thursday.
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AmTrust, a New York-headquartered insurance firm, is conducting about ten pilots with Israeli startups at the moment, and “some will end up as equity investments,” Mr. Hoffman said speaking on the sidelines of an investor summit by equity crowdfunding firm OurCrowd held in Jerusalem. AmTrust will take a minority stake in these deals, he added.
OurCrowd's Global Investor Summit in Jerusalem. Photo: OurCrowd PRצילום: OurCrowd PR
קראו עוד בכלכליסט:
New York-based Reply Inc. will help AmTrust automate communication with customers using chatbots. Verishow Inc., which is based in Michigan, will provide the company with video chat technology. Israel-based SparkBeyond Ltd. will provide artificial intelligence-powered data analysis to improve AmTrust’s quoting and binding processes.
