Avi Ben-Hutta
Editor at Coverager

Finally happened

After two failed attempts, Israel’s conglomerate Delek Group is finally selling its 52.3% stake in The Phoenix Insurance Group to Yango Investment, a unit of Chinese holding company Fujian Yango Group, for NIS 1.948 billion, which values Phoenix at NIS 3.7 billion.

Innovation

Telematics startup Bambi Dynamic appears to be going out of business

By Shefi Ben-Hutta ·

One source pins the current outcomes to lack of clients.

Investments

Air Doctor raises $20 million

By Avi Ben-Hutta ·

Munich Re Ventures participated in the round.

Investments

nSure.ai raises $6.8 million

By Gabriella Ben-Hutta ·

Founded in 2019, nSure is an AI-based fraud protection solution built for sellers of fraud-attractive goods and services such as gift cards, airline tickets, concert and sports tickets, hotel vouchers, software, games and more.

Business

Tesla partners with Phoenix

By Avi Ben-Hutta ·

The carmaker is collaborating with Phoenix and as part of the collaboration, the companies will work together to better understand the capabilities of the vehicle so that the insurance product will reach the high standards of the car.

Finally happened

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Telematics startup Bambi Dynamic appears to be going out of business

Air Doctor raises $20 million

nSure.ai raises $6.8 million

Tesla partners with Phoenix