INTECH By Menora Mivtachim

The Menora Mivtachim Group is the largest pension fund in Israel. Since its inception in 1935, the company specializes in insurance, pension and finance businesses. The Menora Mivtachim Group manages 172 Billion NIS of assets, offering a range of long-term savings solutions, such as new pension and provident funds, as well as life, health and general insurance. With over 80 years of proven success, Menora Mivtachim has established a stable and reliable company that provides its customers with professional and efficient service. At the forefront of innovation, Menora Mivtachim launched Menora Mivtachim Innovation (MMI) a new Insurtech division. MMI’s mission is to continue to lead Israel's insurance sector by developing innovative products, models and tools through strategic partnerships with startup companies. MMI has designed a full lifecycle approach to innovation. It combines agile product development, marketplace expertise and realtime solutions. MMI has developed a specialized filtering mechanism that first identifies technological challenges and business needs. It then partners with both established startup companies and early stage businesses to develop ambitious innovation ideas into new creative solutions. It also provides the technological platform in real time to test these solutions against real business and consumer problems. MMI also offers startups they do not partner with, with mentoring and curates connections with key ecosystem players, investors, companies and multinationals. MMI maintains high level relationships with key local and global stakeholders in the ecosystem to advance innovative solutions into the marketplace. MMI is rapidly becoming a dominant player in Israel’s Global Innovation Community.