simplesurance is a Berlin-based insurtech and e-commerce provider for product insurances that enables online sellers to offer customers a quick way to purchase product insurance, including for a period after the original purchase. It also offers a digital broker solution that lets consumers manage insurance policies via a multi-device app. The company sells cross-selling insurance products and positions its platform for integration with online merchants. The article notes Allianz X provided a new financing instrument to the company. Prior to this transaction, Crunchbase reported simplesurance had raised roughly $60 million in financing. No operating metrics or explicit future plans are provided in the article. simplesurance is a Berlin-based startup that provides insurance at the online point of sale, primarily offering electronics insurance for purchases made online. Its product integrates into e-commerce systems to enable cross-selling and also sells insurance directly through its own website. The company raised $11.5 million in the latest funding round from TMHD and Franco‑German financial group ODDO BHF, bringing total funding to $60 million. With support from TMHD, described in the article as the largest insurance group in Japan, simplesurance plans to enter the Japanese market, open a local office, and build a local team. This Japan expansion will mark the start of a larger-scale push into Asia. Founded in 2012, simplesurance employs more than 150 people at its Berlin headquarters and calls itself the "best-funded insurtech from Europe." Simplesurance provides a platform that allows people to buy customized insurance products at the point-of-sale. The company's cross-selling software is integrated into more than 2,500 online retail shops, including weltbild.de, preis24.de, Rakuten, Revolut, Huawei and OnePlus. It operates in 28 European markets as well as in North America. Founded by Robin von Hein and based in Berlin, the company intends to use new funding to expand into new markets, with Japan as a first target, and to launch new services including Cyber Protection later in 2018. Simplesurance raised $24M in a Series C round led by Allianz X with participation from Rheingau Founders and Rakuten Capital. simplesurance develops cross-selling software solutions that enable customers to purchase product insurance at the point of sale and operates proprietary retail platforms such as schutzklick.de. The company’s technology has been integrated into more than 2,000 online retail shops, including OnePlus, Huawei Technologies, preisboerse24, rebuy, weltbild.de, Brille24 and computeruniverse. Recently simplesurance launched iOS and Android apps that let consumers compare, purchase and manage insurance policies from multiple providers and access an insurance expert via the app. The company intends to use the funds to strengthen its competitive position globally and to expand its digital consumer broker service. Founded in 2012 by CEO Robin von Hein, simplesurance is based in Berlin and employs over 140 people from around 30 nations at its headquarters. simplesurance, founded in 2012, builds software that allows customers to buy products online and purchase corresponding insurance coverage in a few steps without paper. Under an agreement with Allianz Group, simplesurance will distribute Allianz insurance products in 28 European countries via customer portals such as Schutzklick.de and through about 1,500 online shops. The company operates multiple national sites including Klikochron (Poland), Cliccasicuro (Italy), Klikzeker (The Netherlands), Schutzklick Germany and Schutzklick Austria, Trygtklikk (Norway), Kliksikker (Denmark) and Klickskydd (Sweden). simplesurance also powers Assurant, Inc., a provider of risk management solutions. The company is led by CEO Robin von Hein, CFO Joachim von Bonin, CTO Ismail Asci and COO Manuel Kester. It currently employs 100 people.

Total raised

$94M

Funding rounds

6

Latest round

Convertible Note

Latest activity

Dec 2020