SIGNAL IDUNA and Element Enter Partnership

SIGNAL IDUNA and Element Enter Partnership
06.06.2017 08:15 am

SIGNAL IDUNA and Element Enter Partnership

Insurance

The SIGNAL IDUNA Group and the digital insurance platform, Element, announce their partnership. The aim of the partnership is the development and improvement of new products and services. Currently, Element submitted a license application under the German law on the supervision of insurance companies (VAG) to the German Federal Financial Supervisory Authority (BaFin) to be able to serve its partners in established divisions, such as private property, accident and liability, but also in new fields such as cyber risks. 

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.
 

Related News

The Future of Insurance USA 2020: Discover the CEO and C-level Speakers Confirmed for Reuters Events Flagship Insurance Conference

The Future of Insurance USA 2020: Discover the CEO and C-level Speakers Confirmed for Reuters Events Flagship Insurance Conference

Reuters Events have today launched their flagship insurance event, The Future of Insurance USA (November 16-18th 2020). The Future of Insurance USA is the... Read more »

CPP extends cyber offering in Turkey with major insurance deal

CPP extends cyber offering in Turkey with major insurance deal

CPP Group Plc, the global product and services company specialising in the financial services and insurance market, has further developed its cybersecurity... Read more »

Ziglu Launches Insurance Programme

Ziglu Launches Insurance Programme

Ziglu, the new cryptocurrency challenger, has launched an insurance programme for customers holding cryptocurrencies, providing greater security and peace of mind.

Each... Read more »

Lemonade Raises $319 Million In U.S. IPO

Lemonade Raises $319 Million In U.S. IPO

Lemonade, which is backed by SoftBank Group Corp, is set to raise $319 million in its U.S. initial public offering and Lemonade, Inc. (“Lemonade”) today announced the pricing... Read more »

INSTANDA bolsters international expansion with first European partnership

INSTANDA bolsters international expansion with first European partnership

INSTANDA, the leading customer and policy management platform for the insurance industry, has today announced a new European partnership with ... Read more »

Flexibility, Empathy and Personalization: Meet the Demands of Today’s Customer at Reuters Events’ Webinar with John Hancock, Northwestern Mutual, Pacific Life and Microsoft

Flexibility, Empathy and Personalization: Meet the Demands of Today’s Customer at Reuters Events’ Webinar with John Hancock, Northwestern Mutual, Pacific Life and Microsoft

As we move through the 2020, customer expectations are evolving with rapid speed. With an influx of technologies and strategies that... Read more »

Magazine
ALL
Summer Issue
SPRING ISSUE
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel