ELEMENT Insurance AG
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ELEMENT Insurance AG - overview
Established
2017
Location
Berlin, -, Germany
Primary Industry
Insurance
About
Based in Berlin, Germany, and founded in 2017 by co-founders Henning Groß, Richard Hector, Wolff Graulich, and Sascha Herwig, ELEMENT Insurance AG operates as a provider of insurance capacity solutions to managing general agents (MGAs), focusing on risk management and cooperation with reinsurers. In March 2024, ELEMENT Insurance AG raised EUR 50 million in venture funding from Versorgungswerk der Zahnärztekammer Berlin and Mundi Ventures. As of 2024, the company is led by its CEO, Dr. Astrid Stange.
The company provides a wide range of insurance services, such as primary insurance coverage, risk management solutions, and access to reinsurance capacity. The company also offers embedded insurance options and data-driven risk assessments.
Current Investors
SBI Holdings, Signal Iduna, SBI Investment
Primary Industry
Insurance
Sub Industries
Insurance, Application Integration Software
Website
www.element.in/
Verticals
Cloud Computing, InsureTech
Company Stage
Series B
Total Amount Raised
Subscriber access only
ELEMENT Insurance AG - timeline of key events
ELEMENT Insurance AG - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 1,996,060.3 | 2,904,681.2 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 45.5% | - | - | - |
| EBITDA (USD) | (3,369,606) | (7,891,009.4) | (12,007,820.4) | (13,899,704.6) | - | - | - |
| Operating Income (USD) | (3,369,606) | (7,935,833.4) | (12,074,156.1) | (13,929,935.9) | - | - | - |
| Operating Margin | - | - | (604.9%) | (479.6%) | - | - | - |
| % EBITDA Margin | - | - | (601.6%) | (478.5%) | - | - | - |
| NET Income (USD) | (3,369,606) | (7,947,845.7) | (12,094,445.1) | (13,929,935.1) | - | - | - |
| % Net Margin | - | - | (605.9%) | (479.6%) | - | - | - |
ELEMENT Insurance AG - employee data
ELEMENT Insurance AG - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Investor, Company building, Board member | BM | ||||||
| Chairman Of The Board | BM | ||||||
| Member of the External SuperCharge Advisory Board | BM |
BM Board Member
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