Founded by the Company Builder, FinLeap, Element is a platform that allows partners to create innovative and digital products in the field of property insurance. The cooperation with SIGNAL IDUNA is Element’s first partnership with an established insurance company - one of Element's core target groups, in addition to InsurTechs, e-commerce providers and brokers. The aim of the cooperation is to completely digitize business processes from the core to the end customer and  to develop new insurance products, using the experience of a traditional company such as SIGNAL IDUNA.

The intention of the collaboration is to advance the development of new services and to drastically shorten the periods spent in product development. The main focus hereby lies on cybersecurity and property insurance.