Pattern Insurance
Automated SaaS Insurance Platform
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 develops an automated SaaS platform designed to transform the online customer experience for digital businesses by integrating insurance as a business accelerator. The company's core technology enables businesses to offer suitable insurance products, streamline the purchasing journey, and automate the claims process. Pattern Insurance operates within the Fintech & Insurtech sector, serving various industries by leveraging machine learning, big data analytics, and artificial intelligence to provide underwriting, personalization, and risk assessment solutions.
Strategic signal
The acquisition of Pattern Insurance by PassportCard in May 2025 signals a strategic consolidation within the embedded travel insurance market. This move indicates a growing trend towards integrating insurance offerings directly into customer journeys, enhancing the value proposition for both consumers and digital businesses. For investors, this highlights the potential for exits and strategic partnerships in the Insurtech space, particularly for platforms that can automate and simplify complex insurance processes.
Log in to access full profile ›Company Intelligence Q&A
- What was the most recent significant corporate event for Pattern Insurance?
- In May 2025, Pattern Insurance was acquired by PassportCard, leading to its current status as an inactive entity.
- When did Pattern Insurance secure its Seed funding round?
- Pattern Insurance secured its Seed funding round in July 2017. Kamet Ventures led this round, with participation from AXA Insurance.
- Which company acquired Pattern Insurance?
- PassportCard acquired Pattern Insurance in May 2025.
- What was the total capital raised by Pattern Insurance?
- Pattern Insurance raised a total of $12 million across three funding rounds.
- Did Pattern Insurance engage in any notable partnerships?
- In March 2020, Pattern Insurance partnered with ISSTA to provide coverage for poor snow conditions. Earlier, in July 2019, Omio chose Pattern Insurance to enhance its travel insurance offerings in the UK.