Thinksurance, an InsurTech firm specialising in digital insurance consultations, has successfully raised a hefty €22m in its latest funding round.
Known for its pioneering contribution to the industry, Thinksurance continues to facilitate a new wave of digitalisation in commercial insurance.
The generous capital injection comes from both new and existing investors, solidifying Thinksurance’s market standing. International InsurTech specialists Viewpoint Ventures and M-Tech Capital spearheaded the funding round. Also joining the investment were venture capital fund Segenia Capital and existing shareholders Eight Roads Ventures and Columbia Lake Partners.
Thinksurance offers a unique platform that significantly transforms the consultation and distribution of commercial insurance. It provides a boon to brokers, agents, direct sales, and other distribution channels by allowing them to capitalise on its innovative solutions.
The newly raised funds will bolster Thinksurance’s plans to expand the breadth and scope of their platform. In essence, they aim to extend their offering to cover more aspects of commercial insurance consultations and distribution.
Florian Brokamp, CEO and co-founder of Thinksurance said, “We’re delighted to have established Thinksurance as the partner of choice supporting distributors and insurers far and wide in digitalising their distribution processes. With this funding, we plan to continue to broaden the scope of our offering and value add to our partners.”
Founded in 2015, Thinksurance has carved a name for itself by enabling insurance distributors to completely digitalise consultations and policy processes. This capability permits them to provide tailored insurance solutions to clients with remarkable speed and accuracy. With Thinksurance’s platform, insurers can realise substantial efficiency gains across their tied, broker, and direct sales channels.
In its growth journey, Thinksurance has partnered with most of the leading European insurance players, such as Allianz, Axa, and Zurich. It also boasts an impressive roster of over 50,000 individual brokers and agents who have consulted more than 1.5 million customers using the company’s platform.
General Partner of Segenia Capital, Carsten Radtke said, “Thinksurance has quickly established itself as a pioneer in the field of digital insurance consultations.” Adding to this, Drew Aldrich, Founding Partner of Viewpoint Ventures commented, “Insurance entities around the world are searching for solutions to help distributors maximise time spent delivering valuable services to their clients. Thinksurance is one of few that help accomplish that in a unique and innovative way.”
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