Wesure Global Tech Ltd

Overview

Wesure Global Tech Ltd is a pioneering digital insurance company based in Israel, established in 2016. The company specializes in developing and marketing technologies for digital platforms in the insurance and finance sectors worldwide. Its product offerings include a wide range of insurance solutions such as motor, property, liability, and specialized coverages like cyber damage and agricultural insurance. Wesure leverages data-driven processes to provide superior pricing and underwriting, aiming to make insurance products more intuitive and accessible to today's digital consumers. In 2022, Wesure expanded its operations by acquiring approximately 67% of Ayalon Insurance Company Ltd, a move that significantly increased its presence in the Israeli insurance market. This acquisition, valued at 447.6 million shekels, positioned Wesure as a dominant player with gross annual premium revenues estimated at over 3.5 billion shekels. The integration of Ayalon Insurance allowed Wesure to offer a broader spectrum of insurance products and services, enhancing its ability to serve a diverse customer base. Wesure's strategic growth continued with a significant investment from AmTrust Financial Services Inc. in 2024. AmTrust invested NIS 72.6 million in Wesure's share capital, acquiring a stake of approximately 15%. This partnership aimed to strengthen Wesure's equity, reduce financial leverage, and enhance cooperation between the two companies in Israel and the United States. The collaboration with AmTrust underscores Wesure's commitment to innovation and expansion in the global insurance industry, leveraging advanced technologies to transform traditional insurance models into more accessible and customer-friendly offerings.

Investment Focus

• Innovative technology solutions
• Scalable business models
• Experienced management teams

Portfolio Companies