# ELEMENT Insurance AG: Insurance, Berlin, Germany

> ELEMENT Insurance AG: ELEMENT Insurance AG is a Berlin-based property and casualty insurer, founded in 2017 and licensed by BaFin. Based in Berlin, Germany.

Source: https://millionrounds.com/startup/element-insurance-ag (Millionrounds; every figure on the page links to its filing or article)

Germany · [Insurance startup](https://millionrounds.com/companies)

# ELEMENT Insurance AG

ELEMENT Insurance AG is a Berlin-based property and casualty insurer, founded in 2017 and licensed by BaFin.

Funding reported Last round: Series C

Insurance Berlin, Germany

Company summary

- **Founded:** 2017 9 years old
- **Team:** 25 11 to 50 people
- **Funding reported:** 137.4M as listed, currency not stated
- **Last round:** Series C Mar 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for ELEMENT Insurance AG has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About ELEMENT Insurance AG

ELEMENT Insurance AG is a Berlin-based property and casualty insurer, founded in 2017 and licensed by BaFin.

The company operates as a cloud-based insurtech and white-label insurance platform, primarily serving business partners across Europe. ELEMENT focuses on a B2B/B2B2X model, providing insurance capacity, technology, and operational support, allowing partners to distribute insurance products under their own brands. The company offers a range of services, including primary insurance coverage, risk management support, and data-driven risk assessment. ELEMENT develops custom-made white-label property and casualty insurance products, covering areas such as property, liability, and travel. Its proprietary modular, cloud-native platform enables rapid product creation and integration into partners' customer journeys. ELEMENT collaborates with approximately twenty partners across various industries, including MGAs and e-commerce businesses, in seven European countries.

## What company datasets say ELEMENT Insurance AG raised

Funding, as reported

Reported in all **137.4M** in the source's currency

Rounds **7**

Last round **Series C**

Last round date **Mar 2024**

Investors listed **14**

## The company, in detail

What they build

Known for

consumers data protection customer engagement insurance legal standards compliance email marketing insurtech enterprises insurance legal governance insurance oversight insurance legal frameworks insurance legal processes insider threat prevention information technology & services insurance insurance legal obligations financial services

Built with from their website

Amazon SES Atlassian MailChimp Amazon Simple Email Service Webflow Hosting Salesforce Amazon Route 53 Zendesk for Service Amazon AWS Mailchimp Mandrill

+6 more

Zendesk Microsoft 365 AWS Cloud Zendesk Support Suite Salesforce Sales Cloud Google Search Console

- **Sector:** Insurance
- **Industry code:** NAICS 52421, 524126, SIC 6361, 6331
- **Region:** Berlin
- **Revenue:** 11.8M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/element-insurance)

## Insurance in Germany

Startups like it

- [**CLARK** Frankfurt · founded 2015 *Raised*](https://millionrounds.com/company/clark)
- [**ottonova** Muenchen · founded 2015 *Raised*](https://millionrounds.com/company/ottonova)
- [**muffintech** Berlin · founded 2021 *Raised*](https://millionrounds.com/company/muffintech)
- [**CLARK Deutschland** Frankfurt · founded 2015](https://millionrounds.com/startup/clark-deutschland)
- [**Getsafe** Heidelberg · founded 2015](https://millionrounds.com/startup/getsafe-3)
- [**Thinksurance** Frankfurt · founded 2015](https://millionrounds.com/startup/thinksurance)
- [**Luko (ex-Coya)** Berlin · founded 2016](https://millionrounds.com/startup/luko-ex-coya)
- [**hepster** Rostock · founded 2016](https://millionrounds.com/startup/hepster-2)

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