Israeli Insurance Giant Partners With MassChallenge To Seek Out FinTech Startups

January 29, 2018 | Israeli insurance company Menora Mivtachim announced Monday that it has teamed up with global startup accelerator MassChallenge to identify Israeli insurtech and fintech startups interested in collaborating with the insurance group. “The purpose of this connection is to increase exposure to innovation and to seek out technological ventures at various stages of development that may provide a solution to the technological and business challenges of the Company,” said Orly Stern Itzhaki Chief Digital Officer and Head of Innovation at Menora. Menora Mivtachim seeks tech solutions in fields that include underwriting, distribution, customer service, claims and more. Startups that are selected to the MassChallenge program will be provided with professional and business consultations from Menorah experts, with an opportunity to incorporate its developments into the insurance company, Menora Mivtachim said. Menorah is the latest insurance company to partner with MassChallenge, joining Liberty Mutual, Fidelity, MassMutual, and others. Startups can apply to MassChallenge Israel by February 4, 2018.