Insurtech and fintech partnership heading toward TASE offering

The Sure-Tech Partnership is aiming to take advantage of the major boom in fintech and insurtech, as it eyes a public offering on the Tel Aviv Stock Exchange. Sure-Tech has already invested in two companies, which it estimates will create substantial disruption in the local insurance market, and generate major revenue. So far, the partnership has investing in Vesttoo, whose artificial intelligence (AI) system can objectively estimate the risks of an insurance portfolio and price it for the capital market as an alternative to secondary insurance; and GEOX, which has developed breakthrough technology based on AI and Machine Vision for insuring properties.