Earnix to partner with JVP and AXA Strategic Ventures on InsurTech Israel – the First Israeli Startup Competition for the World of Insurance Technology

Winning Startup Will Receive $1 Million Investment from Jerusalem Venture Partners (JVP), a Potential Investment from AXA Strategic Ventures, an Option to Participate in the Kamet Early-Stage Program, and an Opportunity to Liaise with the World’s Leading Insurance Companies

Tel Aviv, Israel, November 22, 2016 – Earnix, a leading provider of integrated customer analytics solutions for financial services, is partnering with Internationally renowned VC fund Jerusalem Venture Partners (JVP) and  AXA Strategic Ventures, the venture capital platform backed by AXA, one of the leading insurance companies in the world, and Kamet, the start-up incubator and studio of AXA dedicated to disruptive innovation, on the InsurTech Israel Competition, a first-of-its-kind contest in Israel for startups in the world of Insurance Technologies.

The aim of the competition is to discover, build and lead the next wave of groundbreaking companies in the field of InsurTech and identify the most promising innovations for the evolving insurance world. The competition is being led by JVP, AXA Strategic Ventures and Kamet, in collaboration with Deloitte, Earnix, Herzog Fox & Neeman (HFN) and Start-Up Nation Central.

The competition is open to early-stage startups with insurance related technologies in the fields of Big Data & Analytics, Risk Management, Customer Engagement/Management, IOT & Wearables, Blockchain, Cyber-security and Health IT.

The winner will secure a spot in JVP’s early-stage portfolio with a $1M investment as well as access to the AXA Insurance Group, including a potential investment from AXA Strategic Ventures. Kamet ventures, AXA’s early-stage arm, will offer the winning entrepreneurs the possibility to join their program. The competition also gives the Israeli startups the opportunity to gain significant exposure to market leaders, connect with potential investors, secure design partners and open potential marketing channels.

“The insurance industry is ripe for entrepreneurs to translate the newest technologies into better customer experiences,” said David Schapiro, CEO of Earnix. “Insurance providers that embrace this challenge, adopt advanced technologies and utilize the information they have to better understand their customers and address their needs, will differentiate themselves from the crowd. We are proud to cooperate with JVP, AXA and Kamet in the first InsurTech competition in Israel. This is a great opportunity for young Israeli Fintech startups to get a real jumpstart and worldwide exposure in the insurance industry.”

For the competition website: http://www.jvpinsurtech.com/

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About Earnix

Earnix integrated customer analytics software empowers financial services companies to achieve optimal business performance through data science and predictive analytics. The Earnix analytical solutions drive superior product, pricing and marketing decisions, while ensuring alignment with changing market dynamics. Earnix combines predictive modeling and optimization with real-time connectivity to core operational systems, bringing the power of analytic-driven decisions to every customer interaction. For more information visit www.earnix.com

 

For More Information:

Adi Bar-Lev, Director of Marketing, Earnix, adib@earnix.com