Founded in 2018, Vesttoo developed a technology-driven platform to bridge the "insurance funding gap" by securitizing and selling insurance risks to capital market investors. Using proprietary AI and machine learning, the company aimed to model and structure non-catastrophe insurance risks (such as liability and mortality) into alternative investment assets known as Insurance-Linked Securities (ILS). In mid-2023, the company became involved in a major scandal involving allegations of fraudulent Letters of Credit (LOCs), leading it to file for Chapter 11 bankruptcy protection in August 2023 to investigate the fraud and restructure its operations.

Founded in

Israel