Comtec is one of the pioneers of the Israeli IT industry with a track record going back to 1976. Over the past three decades Comtec has established itself as the uncontested leader of IT insurance products, offering a versatile portfolio covering the entire business spectrum of insurance carriers. By doing so Comtec is able to offer high value to its customers, unmatched by any vendor in the Israeli market, which is known for its innovation and substantial R&D investment.
During the years Comtec proved time and again its ability to provide best practices and business knowledge, holding more than 60% of the local market. These advantages played a major role when Comtec expanded its regional coverage to Europe and North America by acquiring new customers in both territories during the past decade. Comtec's in-depth knowledge is derived from its human capital: the average working experience of its business analysts and R&D teams is over 15 years, as well as the mid-level and senior-level management team which are all ex-employees of the insurance industry.
Comtec today is fully owned by Malam-Team, a publically-traded (TASE) tier-one IT provider, with over 3,000 IT professionals and an average annual revenue of more than $500M.
Comtec owns a subsidiary company: KCS (Knowledge Control Systems), a leading provider of GRC solutions for various industries, including Insurance.