- Business
- Wesure Global Tech Ltd, together with its subsidiaries, engages in developing, licensing, and marketing digital technologies and platforms for the insurance and finance industry worldwide, operating as a multi-line digital insurance group that transforms traditional products through data-driven pricing, underwriting, and online distribution channels. The company offers a comprehensive range of insurance products including motor, property motor, liability, property, contractors', fire, engineering, mechanical breakdown, electronic equipment, agricultural, cyber damage, cargo, vessel, apartment comprehensive, mortgage-related building, business, and office insurance; life insurance and long-term savings covering death, disability, and loss of working capacity; health insurance encompassing medical expenses, surgeries, transplants, dental, personal accident, and travel coverages; as well as workers' compensation, payroll management, and employee benefits solutions via its fintech integrations. Headquartered in Ramat Gan, Israel, with operations extending to the United States through subsidiaries and partnerships, India via WeSure InsurTech Services (India) Private Limited established in Bangalore in September 2021 for IT support and innovation, and local insurance activities in Israel conducted through Ayalon Insurance Company Ltd (acquired approximately 67% stake on June 30, 2022) and WeSure Insurance Company Ltd, the company was founded in 2016 originally as David Digital Company Ltd and renamed weSure Global Tech Ltd in January 2021 prior to its initial public offering on the Tel Aviv Stock Exchange in March 2021. Recent strategic expansions include a July 2025 merger agreement positioning Hourly, a U.S. fintech specializing in payroll and workers' compensation for small businesses, as a wholly owned subsidiary of WeSure US with Hourly shareholders receiving about 49% of WeSure US equity on a fully diluted basis; a non-binding memorandum of understanding signed in August 2025 to acquire U.S. Insurance Company of America, a small property and liability insurer for small and medium-sized businesses, for approximately $6.5 million; and an ongoing divestiture of a minority stake in Ayalon Insurance Company Ltd for ILS 55 million.