Clark

insurtechaggregators / policy management

FOUNDING YEAR: 2015
LOCATION: Germany
Last Update: 08/09/2020

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About

Clark - Der VersicherungsmanagerClark kombiniert modernste Technologie mit persnlicher Beratung. Mit Clark managst du deine Versicherungen einfach und bequem per App oder am Computer. Wir digitalisieren deine Versicherungen. Anschlieend erhltst du im Clark Versicherungscockpit eine bersicht ber alle deine bestehenden Versicherungen sowie eine Einschtzung deiner gesamten Versicherungssituation.Unser intelligente Technologie bewertet deine bestehenden Vertrge und vergleicht diese mit ber 160 Versicherungsgesellschaften am Markt. So erhltst du immer das beste Angebot, passend zu deiner aktuellen Lebenssituation.Daneben stehen dir persnliche Experten bei Fragen rund um deinen Versicherungsschutz in unserem Chat, per E-Mail oder am Telefon zur Seite. NEU: Mit Clark managst du jetzt auch deine Altersvorsorge komplett digital & umfassend. Erfahre jetzt welches Nettoeinkommen du im Alter haben wirst: https://www.clark.de/de/altersvorsorge-cockpit Founded: 2015Series A: 13.2 MLocation: Frankfurt am MainManagement-Team: Dr. Christopher Oster, Chris Lodde, Dr. Marco Adelt, Steffen Glomb

MEDICI Analysis

Clark is an insurance platform providing transparent, cheap and comprehensive insurance coverage. Clark offers users simple, fair and customer-centric insurance advice.

Focus

PRODUCTS & SERVICES

Mobile insurance app for retail consumers. It is simple and transparent to manage insurance policy through the app.

REVENUE MODEL

The company earns a commission fee through their insurance partners.

MAIN CLIENTS

Ergo

Allianz

VHV Versicherungen

Nurnberger

Barmenia

DKV

Arag

EXISTING PARTNERSHIPS

Partnered with some around 160+ insurance companies.

PRIMARY PROBLEM SOLVED

Customers often pay too much or don’t have an optimal insurance cover. Insurances are difficult, time-consuming and complex. Clark eliminates these problems with a fully digital insurance process: from insurance selection to contract closing. Customers are looking for an easy-to-use platform to manage their contracts and have personalized consulting with individual recommendations. We do business from a customer point of view and even show our customers the commissions we earn on their contracts. Clark has a young and motivated team and combines technology knowledge and insurance know-how with entrepreneurship. Our developed robo-advisor is the first in the industry and makes us and our work most efficient. Clark is easy, transparent and fair.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

REVENUE

$500k - $999k

REVENUE COMMENT:

Since the beginning of this year, Clark increased the volume of managed insurance premiums by a factor of fifteen to 30 million Euros.

TRANSACTIONS COMMENT:

Revenue earned on management and sales commissions up to 500 Euro per customer lifetime.

ACTIVE USERS:

5 digit number

People

FOUNDERS

Steffen Glomb

Chris Lodde

Marco Adelt

BOARD MEMBERS AND ADVISORS

Philip Schmanns

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Axel Springer

Axel Springer SE

Coparion

FinLeap

GMPVC

HitFox Group

IONIQ

Kulczyk Investments

Portag3 Ventures

ProSiebenSat.1 Accelerator

SevenVentures

TA Ventures

Target Global

Tenderloin Ventures

White Star Capital

Yabeo Management

Momentum

FUNDED

YES

TOTAL FUNDING

$43.81 M

DATE OF LAST FUNDING

Apr 2018

TOTAL FUNDING COMMENT

The company is planning to use the fund to scale its advanced technology platform(April 2018).

SEED PRIOR FUNDING COMMENT

An undisclosed amount funded in Seed round.

FUNDING SERIES

SERIES A  · $14.81 M  · Sep 2016

SERIES B  · $29 M  · Apr 2018

LISTED

NO

Innovation Programs

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Clark

About

Clark is an insurance platform providing transparent, cheap and comprehensive insurance coverage. Clark offers users simple, fair and customer-centric insurance advice. Users have the ability to quickly assess their insurance status through the Clark app (iOS and Android) or website. Based on algorithms, Clark’s robo-advisor provides analysis on the insurance situation of customers. Customers have the opportunity to improve their insurance situation with just a few clicks. Clark searches the tariffs of more than 160 insurance companies to find the best products.

Focus

PRODUCTS & SERVICES

Users have the ability to quickly assess their insurance status through the Clark app (iOS and Android) or website. Based on algorithms, Clark’s robo-advisor provides analysis on the insurance situation of customers. Customers have the opportunity to improve their insurance situation with just a few clicks. Clark searches the tariffs of more than 160 insurance companies to find the best products.

REVENUE MODEL

The company earns a commission fee through their insurance partners.

TOP PROBLEM SOLVED

Customers often pay too much or don’t have an optimal insurance cover. Insurances are difficult, time-consuming and complex. Clark eliminates these problems with a fully digital insurance process: from insurance selection to contract closing. Customers are looking for an easy-to-use platform to manage their contracts and have personalized consulting with individual recommendations. We do business from a customer point of view and even show our customers the commissions we earn on their contracts. Clark has a young and motivated team and combines technology knowledge and insurance know-how with entrepreneurship. Our developed robo-advisor is the first in the industry and makes us and our work most efficient. Clark is easy, transparent and fair.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

Clark developed the first robo-advisor which uses algorithms to analyze their customers’ insurance situation and automatically proposes optimization opportunities. On request, insurance experts are available to assist customers with specific questions.

KEY DIFFERENTIATORS

Clark uses a self-developed robo-advisor for automated analysis of customers contracts and insurance situation. With the assistance of an insurance-cockpit, customers learn about their ‘insurance fitness’, similar to the way fitness apps inform users of their health. Customers can improve their insurance situation with just a few clicks. Clark compares products from more than 160 insurance companies to find the best product for each individual customer.

PRIMARY CUSTOMER TYPE

Consumer

STRATEGIC CLIENTS AND PARTNERSHIP

Over 160 insurance companies : Clark manages insurances from more than 160 insurance companies

Finleap : Investor

HitFox : Investore

AppLift : Business Partner

Traction

ANNUAL REVENUE:

$500k - $999k

REVENUE COMMENT:

Since the beginning of this year, Clark increased the volume of managed insurance premiums by a factor of fifteen to 30 million Euros.

TRANSACTIONS COMMENT:

Revenue earned on management and sales commissions up to 500 Euro per customer lifetime.

ACTIVE USERS/ACCOUNTS:

5 digit number Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Digital advertising, tv advertising, PR, word of mouth

CHANNEL STATUS

INITIAL CLIENTS

People

NUMBER OF EMPLOYEES

11-50

TEAM COMMENT:

Clark has a small,efficient team. Each member as unique skills,shares these within the team. Clark works

INVESTORS:

Axel Springer

FinLeap

GMPVC

HitFox Group

Karl-Heinz Flother

Kulczyk Investments

ProSiebenSat.1 Accelerator

SevenVentures

TA Ventures

Target Global

Tenderloin Ventures

Thomas Noth

yabeo Capital

Momentum

FUNDED

YES

LISTED

NO

FUNDING SERIES
Seed
Jan 2016
EUR1.7 M
Target Global FinLeap Axel Springer SE
Series A
Aug 2016
EUR13.2 M
Comment on Series A
One of the largest FinTech Series A fundings in Europe. FinLeap HitFox SevenVentures Axel Springer SE yabeo Capital Kulczyk Investments TA Ventures Tenderloin Ventures GMPVC