ELEMENT Insurance AG
ELEMENT Insurance AG is a medium-sized insurance company founded in 2017, headquartered in Berlin, Germany. It operates in seven European countries, providing innovative insurance solutions and support for Managing General Agents (MGAs) across the entire insurance value chain.
Company Overview
ELEMENT Insurance AG is a medium-sized insurance company founded in 2017, headquartered in Berlin, Germany, with an additional location in Nuremberg. The company operates in seven European countries and is licensed and approved across all European markets. ELEMENT Insurance AG focuses on empowering Managing General Agents (MGAs) by providing access to insurance capacity and risk management solutions, aiming to be the preferred partner for MGAs and reinsurers throughout Europe.
Services Offered
ELEMENT Insurance AG provides a comprehensive range of services across the entire insurance value chain, including underwriting, pricing, and claims management. The company specializes in technology-driven insurance solutions, offering fully digital accident insurance that is customer-centric. Additionally, it supports MGAs with data-driven insights for portfolio optimization, business steering, and risk monitoring, enhancing the efficiency and reliability of insurance solutions.
Industry Specialties
ELEMENT Insurance AG operates within the insurance industry, with a particular focus on InsurTech. The company combines technology and insurance expertise to deliver innovative risk transfer solutions. Its specialties include providing data-driven insights and analytics, which help MGAs optimize their portfolios and enhance their risk management strategies. ELEMENT Insurance AG's approach integrates sustainable business practices to minimize environmental impact.
Team and Culture
The team at ELEMENT Insurance AG consists of 119 professionals from over 30 nationalities, fostering a diverse and inclusive work environment. The company emphasizes a non-compete ethos and ethical collaboration, ensuring a neutral partnership with its clients. ELEMENT Insurance AG prioritizes adaptability and forward-looking strategies, encouraging an entrepreneurial mindset among its employees to drive innovation and growth.
Growth and Expansion Plans
ELEMENT Insurance AG has experienced steady and sustainable growth since its inception. The company operates in seven European countries and has plans for further market expansion. With a robust reinsurance setup, it allows MGAs to leverage additional capacity and access local markets. The company aims to enhance its presence and become the first choice for MGAs and reinsurers across Europe.