Company: Pattern Insurance
Founder(s): Meitav Harpaz & Noam Shapira
Website: https://patterninsurance.com/
Description: Pattern is a global InsurTech MGA that empowers online travel, recreation and events companies to design, build and distribute innovative insurance products seamlessly in their customer journey.
About Pattern Insurance
Pattern is a global InsurTech MGA that empowers online travel, recreation and events companies to design, build and distribute innovative insurance products seamlessly in their customer journey. Pattern provides a wide range of traditional and bespoke protections to address risks associated with change of plans, travel disruption, inclement weather and medical assistance, amongst others, to build consumer confidence and boost revenues.
A fast growing Insurtech in the Global 250 for Digital Insurance, Pattern’s platform enables any online B2C business to offer insurance to their consumers. The platform seamlessly integrates with any online business point of sale, allowing the business to distribute bespoke insurance products, tailored in real time, to offer relevant products to address consumers’ most common concerns. There’s no need for companies to negotiate complex contracts with insurers or develop complicated integrations, the platform is ready to go out-of-the-box and adapts to each business and their individual needs, allowing them to maximise the value of insurance with minimal effort.
Pattern leverages technology and data to provide an amazing customer experience. Their aim is to eliminate all the reasons insurance gets a bad reputation; namely inadequate cover, complex policies and difficult claims processes. They do this by building automated, simple and clear parametric insurance products that don’t require filing claims or proving loss and pays out automatically hours after an incident through their auto-detection technology.
Pattern was founded by successful tech entrepreneurs Noam Shapira and Meitav Harpaz and is operating globally with offices in Silicon Valley, London, Paris and Tel-Aviv. It is well funded by leading investors such as Comcast, MS&AD, Foundation Capital, Kamet, and more. The company’s products are integrated in leading brands such as Amadeus, Lastminute.com, OYO, Invia, Issta, Variety Cruises, Liknoss and many more.
Pattern co-founder and President, Noam Shapira, says: “The only thing in travel that’s certain is uncertainty, Pattern is helping our customers to reassure their travellers, providing peace of mind in uncertain times.”
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