Laka comes to Germany and more Insurtech news

Startups that focus on the insurance sector are no less busy than fintechs and rarely receive public attention. Here is a brief summary of what has happened in the Insurtech world during the last two weeks.

Laka arrives in Germany with Cyklaer and Porsche Ventures

Porsche Ventures, the venture capital arm of Porsche AG, invests in Insurtech Laka (www.laka.co), which then tackles its fifth market with Germany. Insurtech offers bicycle insurance in a joint insurance model. It only billed its clients for the actual costs of claims submitted in the previous month. Insurtech thus offers a price and risk model that is updated daily. Laka has also found a well-known first sales partner for Germany with the electric bicycle brand Cyklaer, which belongs to Porsche Digital. In other markets, insurtech works with companies like Decathlon. Laka insurance is now available for all bikes in Germany. Keep reading …

Neodigital and HDI develop together

Insurtech Neodigital has reached an important milestone. Because it will work together with HDI as part of a joint venture on a damage platform. With the new platform, HDI will automatically process property lines claims processes. The start is at the beginning of 2023 with claims processing parts in the automotive sector. Additionally, HDI will participate in Neodigital for an undisclosed amount. Keep reading…

Thinksurance with intelligent risk assessment

Insurtech Thinksurance integrates the vehicle fleet product into its digital advisory service. More than 60 types of vehicles can be selected for the product on the platform. The Ombudsman Questionnaire aims to develop only the most necessary questions for risk assessment in order to facilitate the work of Ombudsmen. The intelligence behind it automatically recognizes the size of the fleet and, combined with vehicle data, can offer the appropriate rates. Keep reading…

Bavarian brings insurance to Oktoberfest

The insurance company die Bayerische calls the new product “Germany’s most superfluous insurance”, because Oktoberfest visitors can now take out insurance. This protects against risks such as accidents with permanent damage, consequences of accidents under the influence of alcohol and even fatal accidents. Insurance coverage can be freely selected in terms of time. Bayerische donates all proceeds from the “WiesnSchutz” to the “Tafel Deutschland” aid organization. And so insurance is not so superfluous after all. Keep reading…

Ergo expands the range on Amazon

For several years, Amazon customers in Germany have been able to insure expensive home appliances and appliances against damage directly during the ordering process. Ergo-Versicherung is now expanding this insurance annex to the markets in Italy and Spain. Keep reading…

Baobab begins in Germany

The last time we reported on Baobab was at the beginning of the year, when the insurtech secured $4.2 million in funding. The insurtech is now starting in the German market with its combination of cyber insurance and cyber security services. The offer is mainly aimed at medium-sized companies. When it comes to sales, the startup relies heavily on brokers. The risk carrier for the policies is Zurich. Keep reading …

$16 million for Bamboo

US insurtech Bamboo, which was founded nearly four years ago to provide homeowners insurance in California, announces the successful completion of a $16 million Series A financing. Eos Venture Partners is leading the funding for the startup, which has raised $75 million so far. The money will go towards Bamboo’s geographic expansion. Read more (EN)…

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