Clark is a digital insurance manager that offers customers a way to view and improve their insurance policies through an app (iOS and Android) and a website. After a quick registration process, customers can see the status of their insurance and receive an algorithm-based analysis of all their rates. The system searches the market to identify better offers and recommend improved policies. The company is present in Germany and Austria and is led in Austria by Dr. Philip Steiner from Salzburg. Clark was founded in June 2015 and employs more than 270 staff, serving a customer base of over 300,000 individuals. The company intends to grow its product and user acquisition capabilities following its recent fundraise. Founded in July 2015 out of fintech company builder Finleap and based in Frankfurt and Berlin, Clark provides an insurance "robo-advisor" accessible via iOS, Android and web. Users grant Clark a broker mandate and the platform analyzes their insurance situation to recommend improved coverage or better pricing. Clark generates the majority of its revenue from management and admin fees paid by insurers on its platform and also earns commission on new policies. The company says it has acquired close to 100,000 customers and manages $310 million in contract volume, a ten-fold increase from its contract volume in 2016. Growth has been supported by partnerships with banks including N26, ING-DiBa and DKB, and Clark has begun offering a B2B white-label product to banks and insurers. The company plans to invest in hiring — especially in technology and marketing — and to focus on growth to cement digital insurance management as a European standard. Clark provides a smartphone app with an insurance‑cockpit and a robo‑advisor that analyzes customers' insurance situations and proposes ways to improve coverage or save money. The platform compares products from more than 160 insurance companies and gives users access to tariffs from 160+ insurers, with insurance experts available for complex cases. Founded in June 2015, Clark's customer base is growing rapidly — already thousands of customers use the service — and the volume of managed insurance premiums has increased fifteen-fold to €30 million since the start of the year. The company currently employs nearly 20 people, most in software development. Clark plans to continue developing its robo‑advisor and app, expand the team and move into a larger office. It recently closed a funding round to support technology development and hiring. Clark operates a digital insurance platform that aggregates offerings from more than 160 insurance companies and presents them to millennials and digital natives. Customers can manage existing contracts in a smart online portfolio that displays relevant contract details and notifies users when switching to a different contract may be favorable. The company was founded in June 2015 by Dr. Christopher Oster, Steffen Glomb and Dr. Marco Adelt and is based in Berlin. Clark raised a second round of funding (amount undisclosed) and intends to use the proceeds to push forward development of the platform. The platform’s core focus is simplifying insurance discovery and contract management for a digitally native customer base. No revenue or user metrics were disclosed in the article.

Total raised

$126M

Funding rounds

4

Latest round

Series C

Latest activity

Jan 2021