Kasko

insurtechsoftware/whitelabel/apis-insurtech

FOUNDING YEAR: 2015
LOCATION:
Last Update: 05/07/2020

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About

Kasko is a digital insurance platform for on-demand insurance products to enable insurance companies and brokers to quickly bring to market new on-demand insurance products.

MEDICI Analysis

Kasko is a digital insurance platform for on-demand insurance products to enable insurance companies and brokers to quickly bring to market new on-demand insurance products.

Focus

PRODUCTS & SERVICES

KASKO provides ‘Insurance as a Service’. Our goal is to provide the right insurance, in the right place, at the right time. We achieve this by allowing websites and apps such as online marketplaces and booking platforms to instantly offer relevant insurance services to their customers within their workflows. As a digital insurance intermediary, we bridge the gap between the digital and insurance economy. Our target verticals are digital businesses within motor, property, e-commerce/payments, services, travel and banking.

REVENUE MODEL

Mainly commission-share; but we do have some hybrid constructions now (commission-share with one-off fee and/or annual service fee)

PRIMARY PROBLEM SOLVED

A painless integration for websites and apps who are seeking to cross-sell insurance. A fast go-to-market for insurers/brokers who want to access new channels.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

REVENUE

$100k - $499

REVENUE COMMENT:

Expected revenue for 2016

ACTIVE USERS:

8

ACTIVE USERS COMMENT:

Users are in our case businesses that offer insurance products using our platform. End of year goal of user (integrations): 15

People

FOUNDERS

Nikolaus Suehr

Matthew Wardle

BOARD MEMBERS AND ADVISORS

Rohit Agarwal

Chris Slater

Niels Quaquebeke

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Angels Den

EASME - EU Executive Agency for SMEs

EASME - EU Executive Agency for SMEs

COMMENT:

KASKO combines insurance expertise, with superb technical capabilities, talented sales,efficient operations. Everyone in KASKO is an expert in his/her field.

Momentum

FUNDED

YES

TOTAL FUNDING

$663 K

DATE OF LAST FUNDING

Dec 2017

SEED & PRIOR FUNDING

$663 K

PRIZE MONEY

$50 K

LISTED

NO

For Investors

USES OF FUNDS RAISED:

1. Hiring 2 more people on bus side (done), plus 2 more developers (looking)

2. Ramp up number of integrations (underway)

EXIT STRATEGY

In it for the legacy.

MONTHS LEFT WITH CURRENT CASH BURN RATE:

12 months from 17 Aug, 2016

COMPETITORS:

Simplesurance

cover genius

Allianz

AXA

Innovation Programs

BASICS

FOUNDING YEAR:

2015

LOCATION:

Views:

206 VISITORS | 338 VIEWS
LATEST FUNDING ROUND

$663 K

TOTAL EMPLOYEES
11-50

About

Kasko is a digital insurance platform for on-demand insurance products to enable insurance companies and brokers to quickly bring to market new on-demand insurance products.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Kasko is a digital insurance platform for on-demand insurance products to enable insurance companies and brokers to quickly bring to market new on-demand insurance products.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

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Kasko

About

Kasko is a digital insurance platform for on-demand insurance products to enable insurance companies and brokers to quickly bring to market new on-demand insurance products.

Focus

PRODUCTS & SERVICES

KASKO provides ‘Insurance as a Service’. Our goal is to provide the right insurance, in the right place, at the right time. We achieve this by allowing websites and apps such as online marketplaces and booking platforms to instantly offer relevant insurance services to their customers within their workflows. As a digital insurance intermediary, we bridge the gap between the digital and insurance economy. Our target verticals are digital businesses within motor, property, e-commerce/payments, services, travel and banking.

REVENUE MODEL

Mainly commission-share; but we do have some hybrid constructions now (commission-share with one-off fee and/or annual service fee)

TOP PROBLEM SOLVED

A painless integration for websites and apps who are seeking to cross-sell insurance. A fast go-to-market for insurers/brokers who want to access new channels.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

Platform, although being developed/optimized every day, is up and running. Several different insurance products from different verticals are sold on a daily basis on various partner sites. Adding more functionalities and products every week.

KEY DIFFERENTIATORS

- Speed (of integration, of go-to-market) - Flexibility (product agnostic, multiple integration methods) - ease of integration

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Online Retail

Small And Medium Business - Other

Consumer

STRATEGIC CLIENTS AND PARTNERSHIP

AutoScout24 : Distribution partner

Barmenia : Insurer and distribution partner

Bavaria Direkt : Insurer

Carzada : Distribution partner

Knip : Distribution partner

People

FOUNDERS

Nikolaus Suehr

Matthew Wardle

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO, FOUNDER: Nikolaus Suehr

CTO, FOUNDER: Matthew Wardle

TEAM COMMENT:

KASKO combines insurance expertise, with superb technical capabilities, talented sales,efficient operations. Everyone in KASKO is an expert in his/her field.

BOARD MEMBERS AND ADVISORS:

Rohit Agarwal, Chris Slater, Niels Quaquebeke

INVESTORS:

Angels Den

EASME - EU Executive Agency for SMEs

EASME - EU Executive Agency for SMEs

Momentum

FUNDED

NO

TOTAL FUNDING:

$450 K

LISTED

NO

FUNDING SERIES
Seed May 2016 --- GBP450 K at a GBP1.8 Mvaluation Comment on Seed Recently closed funding round. Looking to raise series A early '17

Comment on Valuation

Initial round 1.8mm. Bridge round (additional 150k) valuation 5mm with discount on convertible notes