GetSafe
FOUNDING YEAR: 2013
LOCATION: Germany
Last Update: 19/01/2021
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About
Getsafe is reinventing insurance. The company based in Heidelberg, Germany, is using technology and artificial intelligence to help people identify, organize and protect what they care most about in life: With a few clicks, customers can learn about, buy, and manage insurance on their smartphone simple, social and fair by design. Together with partners such as Munich Re and venture capital investors such as Earlybird, Getsafe is building one of the world's leading digital insurers.
MEDICI Analysis
Focus
PRODUCTS & SERVICES
getsafe is one of the pioneers in the European InsurTech scene. Since 2015, the company has offered its more than 20.000 customers a mobile insurance manager. Based on hundreds of thousands collected data points, getsafe is now evolving into an insurance company in its own right. Central to getsafe’s multi-line insurance approach (life, health, and P&C) are combinable modules that offer protection for all important areas of a person’s life. Via the getsafe app, customers are able to purchase protection in real time, adapt their coverage to new life situations within seconds, as well as file claims.
PRIMARY PROBLEM SOLVED
getsafe is bringing the concept of multiline insurance into the digital age and will be able to cover risks across the entire insurance spectrum, i.e. P&C, health and life insurance.
company provided insights
Traction
COMPANY TYPE:
For Profit
NUMBER OF TRANSACTIONS:
60 K
TRANSACTIONS VALUE:
26 M
TRANSACTIONS COMMENT:
Though not a directly transactional volume in that sense, GetSafe in mid 2016 managed €26+ million in annual premiums from about 60k+ insurance policies .
People
FOUNDERS
Christian Wiens
Marius Blaesing
BOARD MEMBERS AND ADVISORS
Patrick Meisberger
NUMBER OF EMPLOYEES
51-200
INVESTORS:
KEY EMPLOYEES:
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
3
TOTAL FUNDING
$52.1 M
DATE OF LAST FUNDING
Dec 2020
IPO STATUS
Private
ESTIMETED REVENUE RANGE
$1M to $10M
SEED & PRIOR FUNDING
$5.1 M
SEED CLOSED ON
Nov 2015
FUNDING SERIES
SERIES A · $17 M · Jun 2019
SERIES B · $30 M · Dec 2020
LISTED
NO
company provided insights
Web Traffic
MONTHLY VISITS
52,267
AVERAGE VISITS (6 MONTHS)
48,570.26
MONTHLY VISITS GROWTH
15.23%
VISIT DURATION
203
VISIT DURATION GROWTH
48.84%
PAGE VIEWS VISIT
7.26
PAGE VIEWS VISIT GROWTH
9.53%
BOUNCE RATE
42.65%
BOUNCE RATE GROWTH
-6.76%
GLOBAL TRAFFIC RANK
331,817
MONTHLY RANK CHANGE
-127,196
MONTHLY RANK GROWTH
-27.71%
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getsafe Insurance
About
getsafe - formerly Germany’s 1st policy wallet, now 1st digital multi-line insurer powered by MunichRe & behavioral economics
Focus
PRODUCTS & SERVICES
getsafe is one of the pioneers in the European InsurTech scene. Since 2015, the company has offered its more than 20.000 customers a mobile insurance manager. Based on hundreds of thousands collected data points, getsafe is now evolving into an insurance company in its own right. Central to getsafe’s multi-line insurance approach (life, health, and P&C) are combinable modules that offer protection for all important areas of a person’s life. Via the getsafe app, customers are able to purchase protection in real time, adapt their coverage to new life situations within seconds, as well as file claims.
TOP PROBLEM SOLVED
getsafe is bringing the concept of multiline insurance into the digital age and will be able to cover risks across the entire insurance spectrum, i.e. P&C, health and life insurance.
PRODUCT DEVELOPMENT STAGE
V2.0 or BEYOND
PRIMARY CUSTOMER TYPE
Consumer
Traction
NUMBER OF TRANSACTIONS:
60 K
TRANSACTIONS VALUE:
26 M
TRANSACTIONS COMMENT:
Though not a directly transactional volume in that sense, GetSafe in mid 2016 managed €26+ million in annual premiums from about 60k+ insurance policies .
LIVE USERS/TRANSACTIONS:
Yes, in live production
How will you grow the number of users/accounts/transactions?
This is still largely driven by our marketing budget. We use a lot of television, only after that social media ads.
CHANNEL STATUS
CHANNEL SECURE
People
NUMBER OF EMPLOYEES
11-50
TEAM COMMENT:
GetSafe has tech-driven founders,an experienced management team, with leadership that previously worked for Deutsche Bank, Swiss Life, leading consulting/insurance companies, as well as governments. The Rhine-Neckar/Frankfurt region furthermore offers enormous talent from leading business universities such as Mannheim, but also large insurance carriers,advisors in the Frankfurt area. This is why in our team of almost 70 people now we can draw from great talent,only pick the best people.
Momentum
FUNDED
YES
FUNDING COMPLETED
NO
LISTED
NO