BDA Organises Tech Focused Business Development Mission to Israel

Hamilton, Bermuda, August 31, 2023 – The Bermuda Business Development Agency (BDA) has organised a business development mission to the Insurtech Israel Global Summit in Tel Aviv from September 4-7.

The BDA selected Israel as a business development destination due to its strength as a global hub for InsurTech, as well as its booming and internationally recognised technology and venture capital sectors. Israel has over 7,000 start-ups which have attracted around $95 billion in investments between 2013-2023. Sectors that have traditionally attracted the most investment include cybersecurity, Artificial Intelligence, MedTech, and FinTech.

David Hart, CEO, BDA said, “We are honoured to participate in the Insurtech Israel Global Summit. Israel is often referred to as the ‘start-up nation,’ and the BDA has organised several business development meetings with high value prospective Bermuda market entrants in Tel Aviv next week. Like Bermuda, Israel has gained a reputation for fostering innovation and entrepreneurship and we look forward to reminding key prospects in Tel Aviv about Bermuda’s blue-chip reputation as a financial services centre, particularly in the areas of insurance and technology, and that we are the perfect place to expand operations as they grow their business. The BDA is pleased to be organising this business development mission in furtherance of the ‘Attracting Businesses and Promoting Investments into Bermuda’ strategic priority of Bermuda’s economic development strategy.”

Kobi Bendelak, CEO of Insurtech Israel said, “We are excited to welcome the BDA to Tel Aviv for the Insurtech Israel Global Summit and we look forward to working together to grow and strengthen the Bermuda-Israel business relationship.”

George Alayon, Deputy Director, Supervision (Insurance), Bermuda Monetary Authority, will also speak on a panel at the Insurtech Israel Global Summit entitled: ‘Balancing Innovation and Consumer Protection: The Role of Regulators in the Insurtech Industry.’ 

If you want to connect with the BDA while we are in Israel, please, email info@bda.bm or call us at +1 441 292 0632.