Insify
Insify offers embedded insurance solutions designed for entrepreneurs and small businesses in Europe, providing fast, tailored, and fully automated coverage for over 1,500 professions.
Company Overview
Insify is headquartered at Weesperplein 4B, 1018 XA Amsterdam. The company specializes in providing embedded insurance solutions designed specifically for entrepreneurs and small businesses in Europe. Insify's mission is to make business insurance simple, fast, and fair. The company leverages a technology-first approach to offer end-to-end digital insurance solutions that are 100% automated and fully tailored.
Insurance Products
Insify provides a range of insurance products tailored to sectors including e-commerce, leisure, construction, and IT. Their products are backed by Munich Re and are developed using continuous underwriting with enhanced data analytics, making them adaptable to the evolving needs of businesses. The company offers direct insurance that can cover businesses in less than 5 minutes and has specifically launched do-it-yourself insurance for entrepreneurs in the construction industry.
Embedded Insurance Solutions
Insify offers embedded insurance solutions for marketplaces, (neo)banks, and SAAS platforms. Their technology-first approach enables businesses to integrate insurance seamlessly, making it easier for customers to get coverage. This embedded model aligns with their mission to make business insurance simple and fast, reducing the complexity involved in traditional insurance processes.
Broker Platform
Insify has developed a broker platform that is designed to save time for both brokers and their customers. This platform facilitates a more efficient insurance process, reducing administrative burdens and speeding up the time it takes to get coverage. The broker platform aligns with Insify's mission to simplify business insurance and make it more accessible.
Funding and Growth
In its growth journey, Insify raised €15 million in a Series A funding round led by Accel. The investment has supported the company in expanding its technology-driven insurance solutions and scaling its operations across Europe. This funding round signifies investor confidence in Insify’s innovative approach to business insurance.