ELEMENT Insurance AG overview

ELEMENT is Germany's first technology platform with the insurance license for the property and casualty sector. With their "Insurance-as-a platform" approach, they enable their partners in various industries, from online retailers and InsurTechs to brokers and traditional insurers, to develop purpose-built products.

ELEMENT's platform provides a white-label solution for back-end processes - enabling more flexible, efficient and personalised solutions for their customers.

ELEMENT closed 2019 with a gross written premium (GWP) of €4.3 million

In August 2020 ELEMENT announced a further €10 million Series A raise. Investors include SFV.GB. It brings the full Series A total to €39m.

In June 2021 ELEMENT raised €16m ($19.5m) to grow its white-label digital insurance solutions business. The company also revealed the past five months of sales have been the strongest in the company's four-year history - in Q1 alone it entered into 10 new partnerships and launched several new products, including pet health insurance.

In August 2021 ELEMENT announced it was entering a partnership with MGA Parametrix Insurance to launch a parametric cloud outage insurance for businesses in Germany. The new product will cover financial losses caused by downtime of third-party IT and cloud infrastructure providers. Parametrix insurance provides cloud downtime insurance solutions and has licences in Germany and the US.

Map showing the location of ELEMENT Insurance AG

Berlin, Germany

Need more insight?

Speak to us about commissioning some bespoke research.

Find out more

Key people

Inna Leontenkova Founder
Eckardt Weber Founder
Wolff Graulich Board Member
Henning Groß Chief Technology Officer
Arno Bussmann Senior Finance Manager
Lisa-Maria Heilmann Head of Actuary
Tim Kaltofen Head of Business Development
Urs Roth Head of Risk Management
Sascha Herwig Board Member
Carsten Dietert Head of Legal and Composite
Juan Jose Dardon Mota Head of Product
Richard Hector Chief Sales Officer
Iryna Zhovtobryukh Chief Technology Officer
Christian Macht CEO & Chairman of the Board
Philipp Hartz CSO