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Getsafe

Fintech · Heidelberg, Germany · Founded 2015

Getsafe is a digital insurance company that operates in the insurtech market. The company leverages technology to simplify the process of buying and managing insurance policies. With the Getsafe app, customers can access all their insurance documents, manage, adapt, and even cancel their policies at any time. This technology-based approach allows Getsafe to offer comprehensive coverage at competitive prices. The company serves a broad customer base, with over 250,000 customers to date. It offers a range of insurance products, including pet health insurance, contents insurance, buildings insurance, and home insurance. The contents insurance covers belongings within the home, while the buildings insurance covers the financial costs of repairing damage to the property's structure. Customers can also combine contents and buildings insurance for comprehensive home protection. Getsafe operates in Germany and the UK, with offices in Heidelberg and Berlin. In 2021, it received its insurance license from Germany's financial regulator, BaFin. The company has also successfully raised $115 million in funding, with a significant Series B round led by Swiss Re, making it one of Europe's best-funded insurtechs. The company's business model is centered on its app, which provides a user-friendly platform for customers to manage their insurance needs. This digital approach reduces overhead costs, allowing Getsafe to offer competitive pricing. The company generates revenue through the premiums paid by its customers for their insurance policies. Keywords: Digital Insurance, Insurtech, App-based, Customer-centric, Competitive Pricing, Comprehensive Coverage, Contents Insurance, Buildings Insurance, Home Insurance, Pet Health Insurance.