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 secured funding across one round from AmTrust Financial Services, and is actively developing its AI-based insurance assistant.
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 navigate the complexities of insurance, enabling them to select appropriate coverage and prices. Choco's platform also assists businesses in verifying up-to-date coverage and organizing filings, serving industries that require business owners, property, professional liability, product liability, directors and officers, cyber, and workers' compensation insurance.
Strategic signal
In June 2022, Choco Insurance applied for an operating license, signaling its intent to become an autonomous digital insurance company. This move indicates a strategic shift towards direct operation within the insurance market, aiming to disrupt traditional models with its AI-driven approach and potentially expand its market reach beyond just an assistant role.
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.