• Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
What's Hot

Oppo Find N5 review: Stellar foldable has one big problem

July 30, 2025

The Naked Gun review: Charged with man’s laughter

July 30, 2025

Samsung Galaxy Tab S10 FE+ review: A Galaxy Tab S10+ for less?

July 30, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
Behind The ScreenBehind The Screen
Home»Fintech»German insurtech ELEMENT secures € 21.4 million in latest round
Fintech

German insurtech ELEMENT secures € 21.4 million in latest round

July 15, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cion Digital names Sundar Nagarathnam COO
Share
Facebook Twitter LinkedIn Pinterest Email

The Berlin-based InsurTech ELEMENT earns one other € 21,4 million in Collection-B financing. The entire funding now quantities to 88 million euros. Concurrently, the corporate achieves its greatest YTD outcome ever. The funding spherical is led by the Versorgungswerk Zahnärztekammer Berlin (VZB). Further investments within the success of the digital insurance coverage firm are made by Alma Mundi, Witan Group and Ilavska Vuillermoz Capital.

The present funding spherical underlines the continual development of the Berlin-based InsurTech. Final yr, gross sales rose to 10,4 million euros – a rise of over 50 per cent in comparison with the earlier yr. The mark of 200,000 prospects was exceeded as properly and greater than 50 companions distribute ELEMENT merchandise, together with three DAX 40 firms. With its companions and 140 staff, ELEMENT is now performing as a threat provider in a number of EU international locations and continues to increase its place as a number one pan-European supplier of quick, environment friendly, and dependable end-to-end insurance coverage options.

With merchandise reminiscent of Cloud Failure Insurance coverage, Actual Property Buy Assure and All-Threat Cowl, ELEMENT demonstrates its revolutionary energy. Loss ratios properly beneath the business commonplace validate the price benefit. “It’s this profitability on each product and associate degree that may show vital within the years forward. Yr after yr, we’re seeing a 66 per cent improve in income and are properly on our strategy to reaching our aim of 100 per cent development by 2022,” says Dr. Christian Macht, CEO of ELEMENT.

ELEMENT will use the newly gained funds to increase its market place and combine new product classes into its portfolio. “Most significantly, we’ll proceed to pursue our long-term aim of eliminating billions of {dollars} in pointless prices within the European insurance coverage market,” Dr. Macht continues.

See also  Plant-based chicken startup Rebellyous Foods raises $9.5M to launch latest production tech – Startup

“We invested at an early stage of the corporate’s growth and see ELEMENT’s development and innovation as a affirmation of their dedication to set requirements within the business, each on the product aspect and of their ESG efforts,” explains VZB Director Ralf Wohltmann.

Source link

ELEMENT German Insurtech latest million secures
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Latest macOS Tahoe 26 Beta Contains Info About Sealed-Box Mac Updates at Apple Stores

July 10, 2025

FBI’s Latest PSA Reveals a New Scam

July 3, 2025

PayPal Contactless Payments Now Available to German iPhone Users, Thanks to New EU Rules

May 15, 2025

Not Sold on the Latest iPhone? Apple Will Now Sell You a Refurb iPhone 15

May 7, 2025
Add A Comment

Comments are closed.

Editors Picks

Crypto exchange Coinmetro launches swap feature

September 6, 2022

Apple’s iPhone 15 Plus is big and beautiful but doesn’t blaze any trails

March 28, 2024

Apex Legends Gaiden event is live – bringing anime-inspired cosmetics to the battle royale

July 20, 2022

ChromeOS 104 is rolling out with a new dark theme, and automatic transitions

August 5, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Oppo Find N5 review: Stellar foldable has one big problem

The Naked Gun review: Charged with man’s laughter

Samsung Galaxy Tab S10 FE+ review: A Galaxy Tab S10+ for less?

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.fr - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.