Investments, Prestigious Programs & More: Vesttoo News, Fresh From the Oven!
We have been selected for Batch 6 of Plug and Play Insurtech Europe by leaders in the field, such as Swiss Re, Munich Re, Generali, Irish Life, Vienna Insurance Group, AOK Bayern and many more!
Unlike many other accelerators, this program is focused on business development for growth-stage startups, for which Plug and Play offers the services of the world's largest innovation platform including mentorship, venture capital, and business development opportunities.
By introducing the world’s best technology startups to the multiple stakeholders on the platform, they are driving the innovation activity of the entire insurtech industry.
We are very excited to participate in this program and collaborate with such leaders in the field!
Read the original press release here.
We have also received a huge boost of confidence in the form of an investment from Sure-Tech Investments R&D Partnership, a dedicated Insurtech fund, which is seeking to take advantage of the major boom in the technological revolution in the worlds of finance and insurance in Israel.
Sure-Tech estimates Vesttoo has the potential to create a big change in the insurance market. This is part of its strategy of investing in companies that have completed the technological development stage and are on the verge of a business breakthrough and the ability to generate major revenue.
Needless to say, we are thrilled to be part of such an innovative program and looking forward to our future collaboration!
Read more here.
Vesttoo specializes in data-driven risk management solutions for the P&C and L&P markets, using cutting-edge technologies to transfer general insurance, lapse, mortality and longevity risk to the capital markets. The company provides insurers and pension funds with affordable, strategic risk transfer to the capital markets, while investors benefit from uncorrelated, high-yield investments with remote loss possibilities.
Vesttoo’s advanced risk-modeling technology transforms the way securities are structured, offered, and traded, providing an accessible, flexible, scalable, and affordable streamlined alternative or supplement to traditional reinsurance.