SOSA, the leading global innovation platform that connects international organizations to innovative technology, and FinTLV, the leading insurtech VC in Israel, has announced its partnership with MS&AD Insurance Group, Japan’s largest insurance and financial services provider. The collaboration will align one of the insurance industry’s key global players with top innovation ecosystems in the world.
“The insurance industry is primed for innovation,” said Uzi Scheffer, SOSA CEO. “As new technology is introduced and weaved into our daily lives, insurance providers are looking for ways to quickly adapt and align to meet customers’ shifting needs. It is a privilege to work with one of the largest global insurance companies, and connect companies on a global scale.”
“MS&AD is a unique global insurance group,” said Gil Arazi, Managing Partner at FinTLV. “Our global insurance expertise, combined with our ability to build new insurance products and pivot technologies into new insurance use cases, will enable us to provide MS&AD with the best solutions for their needs, while gaining unique investment and co-investment opportunities as a VC. We are honored to be chosen by one of the global insurance leaders as their partner.”
As the most in demand connector, bridging the world’s technology hubs to drive global innovation, SOSA and FinTLV will connect MS&AD with its network of 150 multinational corporations and investors, and more than 10,000 startups. SOSA and FinTLV will enable MS&AD to achieve bottom-line results on its innovation investments.
As the most in demand connector, bridging the world’s technology hubs to drive global innovation, SOSA and FinTLV will connect MS&AD with its network of 150 multinational corporations and investors, and more than 10,000 startups. SOSA and FinTLV will enable MS&AD to achieve bottom-line results on its innovation investments by developing new insurance products, applying multi-vertical technologies to insurance use cases and implementing differentiating solutions.
“We are excited to connect with the new faces of innovation around the world, thanks to the exposure that SOSA and FinTLV’s extensive networks offer,” says Satoru Shiono, Head of Innovation Office at MS&AD Insurance Group Holdings. “The insurance industry as a whole acknowledges that old standards and applications are no longer adequate solutions for today’s world.”