Friendsurance
Friendsurance is Europe's leading Bancassurance platform, providing user-friendly insurance solutions for banks and insurance companies, and serving over 50 million customers with advanced technology and independent consulting.
Bancassurance Platform
Friendsurance is recognized as the number one Bancassurance platform in Europe. The company provides effective and user-friendly insurance solutions for banks and insurance companies, assisting both sectors in streamlining their offerings. Friendsurance launched their Bancassurance services in 2017, and their platform supports banks in expanding their digital insurance products and services. Through partnerships with reputed firms like Deutsche Bank and Allianz, Friendsurance aims to enhance the digital transformation of the insurance sector.
Technology Infrastructure
At the heart of Friendsurance's operations is a state-of-the-art technology infrastructure. This includes the use of PSD2 functionality to enable higher contract penetration. The platform employs machine learning with high recognition rates to capture contract data accurately. Additionally, Friendsurance offers automatic review of contracts and comparison of benefits, providing a transparent overview of all contracts for its users. This technological prowess supports their mission of offering independent, customer-oriented insurance consulting.
Partnerships and Reach
Friendsurance collaborates extensively within the industry, connecting with over 180 insurance companies and partnering with prominent names like Deutsche Bank and Allianz. The company serves nearly 150,000 customers in the B2C and B2B2C sectors in Germany as a digital managing general agent. Through these connections and partnerships, Friendsurance addresses a customer base of more than 50 million and continues to play a crucial role in the digital transformation of insurance services.
Company History
Established over 13 years ago, Friendsurance introduced the first peer-to-peer insurance model in 2010. This pioneering approach laid the foundation for their current role as a leading digital insurance broker. In 2020, Friendsurance secured €1.5 million in growth financing from creditshelf, further fueling their expansion. The company won the CHIP test for the best mobile phone insurer in 2022, highlighting their commitment to innovation and excellence in the insurance sector. Friendsurance's market analysis projects that digital Bancassurance will grow to a market volume of 8 billion euros in Germany within five years.
Team and Diversity
Friendsurance boasts a diverse team of more than 100 members from over 25 nationalities. This diversity is a key component of their innovative approach and customer-centric services. The team leverages their varied backgrounds and expertise to continually enhance Friendsurance's offerings and support the company's mission of delivering independent, transparent, and efficient insurance solutions to their wide-ranging customer base.