ELEMENT
Founded Year
2017Stage
Series C | AliveTotal Raised
$133.33MLast Raised
$54.14M | 6 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-2 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 claims 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
4,359 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
13,398 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 Saarbrücker Street 37a, 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.
Hepster is a company specializing in providing online insurance services across various sectors. Their main offerings include insurance for bicycles, electronic devices, pets, sports equipment, travel, and personal liability, all managed digitally for ease of use. Hepster primarily caters to individual consumers seeking situational lifestyle insurance and businesses looking for corporate insurance solutions. It was founded in 2016 and is based in Rostock, Germany.
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.
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, England.
Zego is a commercial motor insurance provider specializing in 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.
INZMO is a company that operates in the insurance industry, providing a fully-digital insurance platform. The company offers insurance services for various items such as e-scooters, mobile phones, bicycles, and laptops/tablets, all managed through a digital application. The primary customer base of INZMO is individuals seeking insurance for their personal belongings. It was founded in 2015 and is based in Tallinn, Estonia.
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