Pattern Insurance

Company Overview

Snapshot

Founded in January 2017 by Noam Shapira and Eyal Gluska, Pattern Insurance operates with 1–10 employees. The company raised a total of $12 million across three funding rounds from four investors. In May 2025, Pattern Insurance was acquired by PassportCard.

Business overview

Pattern Insurance provides an automated SaaS platform designed to transform the online customer experience and generate new revenue streams within the insurance sector. The company's core technology enables digital businesses to offer tailored insurance products by addressing customer concerns and streamlining the purchasing journey. Pattern Insurance serves the Fintech & Insurtech sectors, focusing on embedded insurance solutions that automate claims processes and enhance customer care.

Strategic signal

In May 2025, Pattern Insurance was acquired by PassportCard, signifying a strategic consolidation within the embedded travel insurance market. This acquisition validates Pattern Insurance's platform and its role in enhancing customer experience through automated insurance solutions, indicating a strong market demand for integrated insurtech capabilities.

Company Intelligence Q&A

What was a significant recent corporate development for Pattern Insurance?

In May 2025, Pattern Insurance was acquired by PassportCard, leading to its current inactive status.

When was Pattern Insurance founded and by whom?

Pattern Insurance was founded in January 2017 by co-founders Noam Shapira and Eyal Gluska.

What is Pattern Insurance's primary business model?

Pattern Insurance operates on a B2B business model, providing its automated SaaS insurance platform to other digital businesses.

What was a notable partnership for Pattern Insurance in the travel sector?

In July 2019, Omio selected Pattern Insurance (then Setoo) to enhance its travel insurance offerings in the UK.

Which investor participated in Pattern Insurance's Seed funding round?

In July 2017, Kamet Ventures led.