GetSafe

insurtechon-demand/sharing

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:

btov Partners

Earlybird Venture Capital

Global Founders Capital

Partech

Rocket Internet

Acton Capital

ApolloCapital

Capnamic Ventures

CommerzVentures

ECONA AG

HW Capital

Iris Capital

Oliver Roskopf

Rouven Dresselhaus

Saarbruecker 21

KEY EMPLOYEES:

Jannik Fahlisch

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

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

FUNDING SERIES