Analyzing ELEMENT Insurance: Breaking New Ground in Insurtech
About ELEMENT Insurance
ELEMENT Insurance is a leading figure in the insurtech landscape, operating from its base in Berlin. The technology-backed insurance company enriches the intersection of technology and insurance, creating digital insurance solutions through its product platform and smart APIs. As a licensed risk bearer, ELEMENT stands for exceptional flexibility and safety for its clients. Their modular system encourages swift customization of products, generating customer-oriented solutions with unparallelled speed-to-market.
About ELEMENT Insurance's PitchDeck
ELEMENT Insurance, in its 2019 pitch deck, successfully secured a robust funding of $66.0 million. The deck placed a spotlight on the company's advanced tech framework, specifically its sophisticated cloud-based microservice architecture, and a premium security standard to protect shared data. Endowed with a comprehensive license from Germany's Federal Financial Supervisory Authority (BaFin), ELEMENT can extend its services across the entirety of EU member nations.
Why Investors Believed in ELEMENT Insurance?
Investors rallied behind ELEMENT Insurance driven by the comprehensive and versatile nature of its offerings, underscored in its pitch deck. The company demonstrated not only its capacity to deliver insurance products to entities within the insurance industry, but also highlighted its ability to cater to companies outside of the sector. This unique blend of adaptability and expertise laid a compelling groundwork of trust and optimism among the investor community.
