Pattern

Pattern is an insurance platform focused on providing innovative parametric and traditional insurance products that enable businesses to enhance their digital buying experience. The company offers coverages that address critical risks, including cloud service provider downtime, utility outages, supply chain disruptions, and weather-related incidents. By leveraging parametric insurance, Pattern allows businesses to access frictionless, self-service policies that streamline the claims process, automatically paying out to insured customers shortly after a qualifying event without the need for claim filing or loss verification. Currently, Pattern is finalizing its operational deployment as a managing general agent (MGA) in the United States.

Eyal Gluska

Co-Founder and CTO

Meitav Harpaz

Co-Founder

Noam Shapira

Co-Founder and President

1 past transactions

Setoo

Acquisition in 2021
Setoo Limited, founded in 2018 and based in Kidlington, United Kingdom, specializes in developing software for personalized insurance products. The company empowers e-businesses to create and distribute tailored insurance solutions through its parametric insurance-as-a-service platform. This innovative approach allows businesses to address specific consumer concerns and generate automatic compensation without the need for traditional claims processes. Setoo operates as a Managing General Agent (MGA) and is regulated by the FCA in the UK and ACPR in the EU. The company recently secured €8 million in a Series A funding round led by Kamet, AXA's Insurtech startup studio, to further enhance its offerings and support its growth in the market.
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