Insurtech Israel

INSURETECH ISRAEL IS INVESTING IN COMROADS WHICH IS DEVELOPING TECHNOLOGY FOR PREVENTING INSURANCE FRAUD

InsureTech Israel is investing in the Comroads start-up, which is developing an application enabling insurance companies to reduce insurance fraud and motor insurance claims. InsureTech Israel is the first and largest investor in startups developing technologies for the global world of insurance. InsureTech’s partner in the investment in Comroads is the VLX Ventures investment fund. No details have been given of the size of the investment, but it is believed to run to a few million shekels. InsureTech CEO Kobi Bendelek says that “Comroad’s technology allows a major reduction in...