Connected Insurance shuts down
Summary
Connected Insurance has shut down after five years in business. The Israeli insurtech built embedded insurance experiences and worked with partners such as Swiss Re and Bituach Haklai on a personal cyber insurance product in Israel. It also supported usage-based insurance programs, including a commercial auto initiative for Voyager Global Mobility. The company previously raised about $5 million, including seed backing from AnD Ventures. The closure may leave partners and customers looking for replacement embedded insurance and usage-based insurance software providers.
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HealthTech
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AI & Machine learning
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Insurtech
Artificial Intelligence
Insurance Software
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Connected Insurance
up to $1M