Company Overview
Snapshot
Founded in March 2021 by Liav Geffen, Eyal Yadin, Roey Geffen, and Uriel Aharony, Choco Insurance operates with 1–10 employees. The company has raised $12.5M across one funding round from one investor. In October 2021, AmTrust Financial Services engaged in discussions to invest in Choco Insurance, signaling early institutional interest in its digital insurance model.
Business overview
Choco Insurance is an Insurtech company leveraging artificial intelligence and machine learning to develop an AI-based assistant. This assistant is designed to help small businesses and freelancers select appropriate insurance coverage and pricing, ensuring their policies are current and their filings are well-organized and accessible. The company serves businesses across various industries, offering solutions for business owners, property, professional liability, product liability, directors and officers, cyber, and workers' compensation insurance.
Strategic signal
In June 2022, Choco Insurance, a digital insurance company, submitted an application for an operating license. This move indicates the company's progression towards full operational capability and regulatory compliance, positioning it to directly engage in the insurance market and expand its AI-driven services for small businesses and freelancers.
Log in to access full profile ›Company Intelligence Q&A
- When was Choco Insurance founded and by whom?
- Choco Insurance was founded in March 2021 by Liav Geffen, Eyal Yadin, Roey Geffen, and Uriel Aharony.
- What is Choco Insurance's primary focus?
- Choco Insurance focuses on developing an AI-based assistant to help small businesses and freelancers select appropriate insurance coverage and manage their filings efficiently.
- What significant regulatory step did Choco Insurance take in 2022?
- In June 2022, Choco Insurance applied for an operating license, indicating its ambition to become an autonomous digital insurance company.
- Which investor participated in Choco Insurance's funding round?
- In October 2021, AmTrust Financial Services participated in a funding round for Choco Insurance.
- What is the employee count for Choco Insurance?
- Choco Insurance currently has 1–10 employees.