JVP partners with global insurance leaders to boost AI in Insurtech and Climatetech.

May 13, 2024
1 min read



JVP launches Initiative Boosting AI in Insurtech and Climatetech

TLDR:

Key points:

  • JVP launched an initiative to boost AI in Insurtech and Climatetech at the 2024 Annual Meeting in New York.
  • The event brought together investors, insurance companies, and startups to address the pressing challenges of climate change.

Full Article:

JVP (Jerusalem Venture Partners), led by Erel Margalit, recently announced the launch of an international initiative to enhance AI technologies in Insurtech and Climatetech at the JVP 2024 Annual Meeting in New York. The event attracted hundreds of investors from around the world, including North America, South America, Europe, Asia, and Israel. Noteworthy attendees included sovereign funds, insurance companies, banks, family offices, institutions, and governmental funds.

JVP’s partners, Yoav Tzruya, Gadi Porat, and Shimrit Kenig, conducted sessions with JVP’s portfolio companies, showcasing their expansion and partnerships in sectors such as cybersecurity, Fintech, Insurtech, and AI. These partnerships have led to the growth of companies like Earnix, Nanit, and ControlUp, among others.

Erel Margalit, the Founder and Chairman of JVP, emphasized the role of Israeli high-tech in global connections and collaborations, particularly during challenging times. Since its establishment in 1993, JVP has been a leader in investments in cybersecurity, AI, Fintech, and Insurtech, creating successful companies like CyberArk and QLIK tech.

The Annual Meeting took place at the International Cyber and Climatetech Center – Margalit Startup City NYC, where discussions revolved around the integration of AI in the insurance sector to address climate change challenges. Insurance companies like Munich Re, Howden Tiger, and Shin Kong Life participated alongside Israeli startups developing innovative AI technologies for natural disaster management and climate-related risks.

Dr. Marcus Winter from Munich Re highlighted the importance of leveraging AI for mitigating natural disaster risks, while Cecilia Kushner from NYCEDC underscored AI’s role in the city’s Green Economy Action Plan. Robin Gilthorpe, CEO of Earnix, also emphasized the need for AI technologies in adapting to changing risk profiles in insurance and banking industries.

The event showcased the potential of Israeli high-tech firms in revolutionizing the insurance sector to address climate change complexities through advanced AI solutions. With collaborations and partnerships in place, the global insurance industry aims to equip itself with the tools and insights necessary to tackle climate-related challenges effectively.


Latest from Blog

Your Daily InsurTech Briefing – 2024-05-21

Let’s see what’s in the news today. How to Deliver Intelligent Connected Insurance Experiences: 6 Success Stories Strong processes are at the heart of innovative and competitive insurance organizations. Making processes more

Discover the top 53 Insurtech companies for 2024.

TLDR: – Insurance industry is complicated and needs a makeover – Insurtech companies blend insurance knowledge with technology like AI and data science In a world full of uncertainty, protecting assets and

Your Daily InsurTech Briefing – 2024-05-20

Let’s see what’s in the news today. Shallow, deepfakes could impact insurance claims Are deepfakes threatening the insurance industry? Some experts suggest a second layer of verification may be needed to combat

Faye: A passport essential for Americans.

TLDR: Faye is disrupting the American travel insurance market Most Americans only realized the need for travel insurance following the COVID-19 pandemic Insurtech company Faye is making waves in the American travel