- Raised $12.5M Undisclosed Round led by AmTrust Financial Services, Sep 2021
About
Choco Insurance is an Israeli insurtech company established in 2021, at the forefront of reinventing insurance through advanced artificial intelligence technologies. It integrates cutting-edge AI to deliver automated, customer-focused insurance services, revolutionizing the traditional insurance landscape. Choco's vision is to establish a future where economic prosperity is secured through innovative, transparent, and accessible AI-driven financial services. The company offers a wide array of digital insurance solutions, including Business Owners Insurance, Property Insurance, Professional Liability, Product Liability, Directors and Officers insurance, Cyber Liability, and Workers' Compensation Insurance. Choco Insurance received the world's first license to an insurance company operating solely on artificial intelligence, without offices or employees, from the Israeli Capital Markets Regulator in May 2023. They utilize Chat-GPT-4 for customer service and smart insurance contracts, and IoT devices for property protection.
Funding history · 1 round · $12.5M total
Headcount over time
Q&A
- What is Choco Insurance's primary business?
- Choco Insurance develops an AI-based assistant to help small businesses and freelancers select appropriate insurance coverage and prices, ensuring their coverage is up to date and filings are organized.
- When was Choco Insurance founded?
- Choco Insurance was founded in March 2021.
- What is the total amount of funding Choco Insurance has raised?
- Choco Insurance has raised a total of $12,500,000.
- Which investors participated in Choco Insurance's funding round?
- In October 2021, Choco Insurance raised $12,500,000 from AmTrust Financial Services.
- What is the employee count for Choco Insurance?
- Choco Insurance has 1-10 employees.
- What types of insurance does Choco Insurance help businesses obtain?
- Choco Insurance helps businesses obtain various types of insurance, including business owners, property, professional liability, product liability, directors and officers, cyber, and workers' compensation insurance.
- Who are the co-founders of Choco Insurance?
- The co-founders of Choco Insurance are Liav Geffen, Eyal Yadin, and Uriel Aharony.
- In which countries does Choco Insurance operate or target customers?
- Choco Insurance targets customers in Italy, the United States, Israel, and Spain.
Team · 2
Sectors & technology
Tags
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | chocoinsurance.com/ |
|---|---|
| linkedin.com/company/72723767 | |
| facebook.com/chocoinsurance | |
| YouTube | youtube.com/channel/UCR9Gcd9EhsCk4LMkET26xBQ |
Identifiers & details
| Legal name | Choco Insurance Ltd |
|---|---|
| Former names | Olive Insurance Broker |
| Founded | 2021 |
| Employees (exact) | 6 |
Radar intelligence
Web history (Wayback)
| Domain | chocoinsurance.com |
|---|
Certificate / subdomain footprint
| Subdomains | 10 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 516355146 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 2021-03-03 |
| Purpose | לעסוק בסוגי עיסוק שפורטו בתקנון |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2025 |
| Active charges / liens | 0 |
| Registry events | 1 — annual_report (1) |
| Registered address | היובלים 52 בארותיים |
Recent registry events
| Date | Event |
|---|---|
| 2025-09-28 | דו~ח שנתי |