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Getsafe, the digital insurer, has secured another $63 million in funds, extending its Series B to $93 million.

The number of Getsafe customers increased to more than 200,000, consolidating the company’s position as a European neo-insurer. Getsafe has acquired over 10,000 customers in the UK. From 2022 onwards, Getsafe plans to expand to other European markets.

Digital insurance company Getsafe raised $30 million (USD) in its Series B funding. This brings Getsafe’s total funding to $53 million (USD), making it one of Europe’s best funded insurtechs. Swiss Re’s iptiQ led the round, while existing investors, including Earlybird, CommerzVentures, btov Partners and Capnamic Ventures, also participated. Getsafe will use the fresh capital to build on its position as the best-selling insurance brand amongst millenials in Germany and to expand into additional European markets.

Digital insurance provider Getsafe has teamed up with the market-leading price comparison website GoCompare. This makes Getsafe’s app-based insurance more accessible to the UK market and is a step towards introducing a new level of innovation to the insurance industry in the country.  

Digital insurance provider Getsafe expands its product portfolio with car insurance. With the first car insurance optimised for smartphones, Getsafe is serving consumers with a preference for digital channels. The company’s approach is to offer insurance that’s fun and that everyone understands.

Providing comprehensive insurance cover via smartphones: That’s the business idea behind Heidelberg-based digital insurer Getsafe. Last night, the company was recognised as an outstanding German insurtech with the Fintech Germany Award.

Since its foundation in 2015, Getsafe has grown up a lot. Now the company has renewed its brand image and sharpened its vision. With a new logo, a new design and a new voice, Getsafe is positioning itself as a digital insurance provider for a new generation of insurance customers throughout Europe.

As of today, Getsafe offers its customers a digital accident insurance product. This marks an important step for the company towards life insurance and shows that even personal, complex insurance products work on the smartphone.

Following its successful market entry in Germany, Getsafe is today launching its digital contents insurance in the UK. This marks the beginning of the company's expansion: in the coming years, the German insurtech based in Heidelberg wants to serve the whole of Europe.

Every two minutes a bicycle is stolen in Germany - and these are only the cases reported to the police. In order to protect these faithful two-wheeled companions, the Heidelberg-based startup Getsafe has now expanded its service portfolio to include a separate bike theft protection.

Getsafe has raised 15 million euros in a Series A funding round led by Earlybird. CommerzVentures and other existing investors also participated in the round.

After 60,000 liability policies sold, the Heidelberg-based startup Getsafe is launching a home contents insurance. This addition completes the company's strategy to cater specifically to insurance starters. At the same time, Getsafe is taking a stand against competitors both from Europe and the United States.

Tailor-made products, simple processes, better risk profiles: Artificial intelligence has the potential to revolutionize the insurance industry. But the use of intelligent, self-learning algorithms is still in its infancy in many areas. Marius Blaesing, CTO and co-founder of Getsafe, explains in an interview why this is so and how Getsafe differs from its competitors.

Artificial intelligence is currently on everyone's lips - even in the insurance industry. But while most companies are still struggling with incompatible IT systems, Getsafe is already training self-learning algorithms. The basis for this is a new insurance platform that bundles all processes and data along the entire value chain.

Insurance is best when you don't need it. However, when a damage occurs, insurance can make life really difficult for those affected - or quite simple. That's why Getsafe relies on the Carla chatbot, which supports customers 24 hours a day and allows for convenient damage reports via the app.

As the first German Insurtech, Getsafe is launching a digital legal protection insurance. The distinguishing feature: Customers can buy and manage their insurance conveniently on their smartphone - simple, fast and easy. The startup is thus expanding its product portfolio and becoming a comprehensive companion for customers with a digital affinity.

Over 50,000 policies and a market share of almost 10% in the target group of insurance beginners - that is the traction of Getsafe after its first year as an insurer. 2018 was a year of change and success for the startup, let’s take a look back.

Getsafe is now offering developers an API for integrating insurance products into third-party apps, the first to include health insurance options.

Insurtech startup in Heidelberg sets out to challenge the traditional health insurer and empower patient self-care. Transparent insurance plans are on the market from February.

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Getsafe is a trading name of Getsafe UK Limited which is an appointed representative of Davies MGA Services Limited, a company authorised and regulated by the Financial Conduct Authority under firm reference number 597301 to carry on insurance distribution activities. Getsafe UK Limited is registered in England and Wales company number 12334612. Registered office at 24 Old Queen Street, London, SW1H 9HP.

Actual contents insurance premiums is individually tailored and could be higher or lower once we’ve taken into account factors such as your address, no claims history, commission applied, and additional extra insurance modules (legal protection, home emergency, personal possessions, accidental damage or tenants liability).


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