Insurello AB
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Insurello AB - overview
Established
2016
Location
Stockholm, -, Sweden
Primary Industry
Insurance
About
Insurello AB is a Swedish insurance intermediary specializing in optimizing compensation claims for individuals injured in diverse scenarios, such as work-related accidents and traffic incidents, utilizing a user-friendly digital platform for streamlined processes. Founded in 2016, Insurello AB operates from Stockholm, Sweden, providing specialized services in compensation claims. The company has successfully completed five funding deals, with the most recent being a funding round on July 8, 2021, where it raised SEK 150 million led by Nordstjernan, alongside Inventure and Schibsted Growth. The company is managed by CEO Julie Lundell, who oversees its innovative approach in the insurance sector.
Insurello is a Swedish insurance intermediary that facilitates compensation claims for individuals suffering from injuries in various contexts, including sports, work-related incidents, and leisure activities. Their digital platform simplifies the claims process, guiding users in filing accurate claims and ensuring they receive the appropriate compensation. Insurello's services extend beyond Sweden, reaching clients in other European markets, thus broadening their operational footprint. They assist clients in comprehending their rights and navigating the complex insurance claim landscape.
In the most recent fiscal year of 2023, Insurello reported a revenue of SEK 3,083,000. The company's business model is based on a commission structure, where they earn a percentage of the compensation awarded to clients upon successful claim processing, operating on a contingency basis. This ensures that clients incur fees only when their claims succeed, aligning Insurello’s interests with those of its clients and fostering transparent pricing. Insurello AB plans to leverage the SEK 150 million raised in July 2021 to enhance its operational capacity and expand its market presence.
The funding will support the development of new products designed to further streamline the claims process and improve client support tools. The company's strategy includes targeting new geographic markets within Europe, aiming for an expansion rollout within the next two years to enhance their service reach and operational capabilities.
Current Investors
DHS Venture Partners, Wave Ventures, Luminar Ventures
Primary Industry
Insurance
Sub Industries
e-Financial, Claims Administration & Processing
Website
www.insurello.se
Verticals
InsureTech
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Insurello AB - timeline of key events
Insurello AB - financials
| Fiscal Year Ended | Apr 30, 2017 | Apr 30, 2018 | Apr 30, 2019 | Apr 30, 2020 | Apr 30, 2021 | Apr 30, 2022 | Apr 30, 2023 | Apr 30, 2024 | Apr 30, 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,575 | 323,516 | 2,281,606 | 10,940,596 | 26,679,622 | 30,786,000 | - | - | - |
| % Revenue Growth (YoY) | - | 12463.7% | 605.3% | 379.5% | 143.9% | 15.4% | - | - | - |
| EBITDA (USD) | (3,481) | (1,657,919) | (4,920,985) | (18,606,928) | (50,871,734) | (122,573,000) | - | - | - |
| Operating Income (USD) | (3,481) | (1,668,287) | (5,090,531) | (18,845,366) | (53,027,014) | (126,014,000) | - | - | - |
| Operating Margin | (135.2%) | (515.7%) | (223.1%) | (172.3%) | (198.8%) | (409.3%) | - | - | - |
| % EBITDA Margin | (135.2%) | (512.5%) | (215.7%) | (170.1%) | (190.7%) | (398.1%) | - | - | - |
| NET Income (USD) | (6,867) | (1,699,903) | (5,140,104) | (14,914,041) | (58,596,410) | (127,346,000) | - | - | - |
| % Net Margin | (266.7%) | (525.4%) | (225.3%) | (136.3%) | (219.6%) | (413.6%) | - | - | - |
Insurello AB - employee data
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