Axell Launches Fintech and Insurtech Innovation Hub in Tel Aviv

Axell, a Tel Aviv-based fintech and insurtech innovation hub, announced Monday its official launch. The hub will be lead by Moshe Tamir, the former deputy CEO of Tel Aviv-listed insurance company Migdal Insurance and Financial Holdings Ltd., and the former global head of digital transformation at insurance company Assicurazioni Generali S.p.A.

The innovation hub aims to bridge local and international insurance and financial corporations, including Generali, AIG, and Israeli health maintenance organization Maccabi Healthcare Services, with local startups, Tamir said in a recent interview with Calcalist. Axell intends to focus on partnerships rather than investing in the startups, Tamir said.