ELEMENT
Founded Year
2017Stage
Series C | AliveTotal Raised
$133.33MLast Raised
$54.14M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+3 points in the past 30 days
About ELEMENT
ELEMENT specializes in white-label insurance products and technology solutions for the insurance sector. The company offers a platform for insurance solutions, including policy and claim administration. ELEMENT primarily serves intermediaries, insurers, and enterprises across the B2B2X value chain. It was founded in 2017 and is based in Berlin, Germany.
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ELEMENT's Product Videos
ESPs containing ELEMENT
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The embedded insurance infrastructure market consists of tech vendors that offer products to enable insurance sales on third-party platforms via APIs (application programming interfaces). These companies sell their products to insurance providers or third-party platforms. Some embedded insurance infrastructure providers may also provide insurance (as a licensed carrier, managing general agent, or …
ELEMENT named as Challenger among 15 other companies, including Igloo, Cover Genius, and Qover.
ELEMENT's Products & Differentiators
Pet insurance
White-label pet health, pet liability and assistance.
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Research containing ELEMENT
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned ELEMENT in 2 CB Insights research briefs, most recently on May 9, 2024.
May 9, 2024 report
State of Insurtech Q1’24 Report
Expert Collections containing ELEMENT
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
ELEMENT is included in 2 Expert Collections, including Insurtech.
Insurtech
4,417 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
13,559 items
Excludes US-based companies
Latest ELEMENT News
Jul 14, 2022
Die international renommierte Versicherungsexpertin Astrid Stange wird ab dem 1. August die Führungsebene als Co-CEO von ELEMENT erweitern, vorbehaltlich der Zustimmung der Bundesanstalt für Finanzdienstleistungsaufsicht. Gemeinsam mit Christian Macht wird sie die nächste Wachstumsphase des Unternehmens vorantreiben. Astrid Stange hat sich in den letzten Jahren vorrangig den Themen Innovation, Daten und Technologie beim weltweit größten […] Der Beitrag ELEMENT Insurance AG mit neuer Co-CEO erschien zuerst auf finanzwelt.
ELEMENT Frequently Asked Questions (FAQ)
When was ELEMENT founded?
ELEMENT was founded in 2017.
Where is ELEMENT's headquarters?
ELEMENT's headquarters is located at Karl-Marx-Allee 3, Berlin.
What is ELEMENT's latest funding round?
ELEMENT's latest funding round is Series C.
How much did ELEMENT raise?
ELEMENT raised a total of $133.33M.
Who are the investors of ELEMENT?
Investors of ELEMENT include Mundi Ventures, Versorgungswerk der Zahnarztekammer Berlin, Ilavska Vuillermoz Capital, Witan Investment Trust, FinLeap and 11 more.
Who are ELEMENT's competitors?
Competitors of ELEMENT include Wefox and 8 more.
What products does ELEMENT offer?
ELEMENT's products include Pet insurance and 4 more.
Who are ELEMENT's customers?
Customers of ELEMENT include Volkswagen, Vodafone, S-Payment and Parametrix.
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Compare ELEMENT to Competitors
Moonshot Insurance is a pioneer in the insurtech sector, focusing on providing Insurance-As-A-Service solutions. The company offers innovative insurance coverage with a fully digital experience, aiming to enrich the customer experience and meet new uses. Moonshot Insurance primarily serves the e-commerce industry, mobility providers, and financial services sector. It was founded in 2017 and is based in Paris, France.
Bolttec focuses on ecosystems for protection and insurance. The company provides an embedded insurance platform that includes a distribution engine, product configurator, and sales and servicing solutions. Bolttech serves the insurance and protection product industries, connecting insurers, distributors, and customers. Bolttech was formerly known as EdirectInsure Group. It was founded in 2020 and is based in Singapore.
INZMO is an insurance provider focusing on digital insurance solutions for individuals and businesses. The company offers insurance products for mobile phones, bicycles, laptops, e-scooters, and more. INZMO provides a user-friendly app, fast claims reporting, and 24/7 customer support. It was founded in 2015 and is based in Tallinn, Estonia.
Zego provides commercial motor insurance products for self-employed drivers and fleets. The company offers insurance policies for private hire taxi drivers, delivery services, and various types of van insurance, all managed through an app. Zego primarily serves the self-employed driver sector, offering solutions like the Zego Sense application for driving with policy discounts. Zego was formerly known as Tego. It was founded in 2016 and is based in London, United Kingdom.
KASKO is an InsurTech company providing technology solutions within the insurance sector. The company offers a modular no-/low-code platform that enables insurance providers to create and manage digital insurance programs efficiently. KASKO also provides services such as EU market access, technology consulting, and recruitment for the insurance industry. It was founded in 2015 and is based in London, United Kingdom.
Qover specializes in insurance orchestration within the insurance sector. The company offers a platform as a service to enable businesses to integrate insurance services into their digital experiences, including claims management and customer support. Qover primarily serves sectors that require integrated insurance solutions, such as fintech, automotive, retail, and the gig economy. It was founded in 2016 and is based in Brussels, Belgium.
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