One of Europe’s most innovative digital insurance companies has teamed up with Quotezone.co.uk, one of the UK’s leading insurance comparison platforms, bringing Getsafe’s contents insurance offering to a UK insurance aggregator for the first time.
Founded in 2015 by Christian Wiens (CEO) and Marius Simon (CTO), Getsafe began as an insurance broker before pivoting to begin developing its own digital insurance products as a managing general agent. The company applied for its own carrier licence in early 2020.
With €20 million in VC funding from top investors like CommerzVentures, Earlybird Venture Capital, BtoV Partners, GFC, Partech and Capnamic, Getsafe is growing faster than most traditional insurers, and has already won nearly 10% market share in Germany. Employing over 100 people, Getsafe has its headquarters in Heidelberg, Germany and a satellite office in London.
Welcoming this new partnership, Christian Wiens, CEO and co-founder at Getsafe commented: “Over the last two years, we have shown that our product meets a core need for the young, tech-savvy generation. With our insurance delivered through your smartphone, we are developing a product that fits perfectly with the living and communication habits of this generation. However, there is no comparable insurance solution for this target group in the UK as yet. Together with Quotezone, Getsafe aims close this gap in the market.”
Quotezone.co.uk was an early pioneer of online comparison technology for the UK’s insurance industry, and now helps millions of people find better deals on their home, car, van, travel, bicycle and motorbike insurance, in addition to a wide range of other insurance products.
Headquartered in Belfast, Northern Ireland, the Quotezone.co.uk platform was launched by Seopa Ltd in 2005, and has since grown to become one of the UK’s leading insurance comparison websites, generating million quotes for partners each year. Commenting on the platform’s new partnership with Getsafe, Greg Wilson, founder of Quotezone.co.uk, said: “Getsafe is an exciting insurtech company that has made some truly innovative developments in the insurance market, resulting in an impressive growth rate and a loyal customer base of 100,000+ policyholders.
“This new partnership agreement between Getsafe and Quotezone.co.uk will allow our customers to tap into this insurtech company’s advanced digital compatibilities, while also adding greater diversity to our already expansive list of home insurance providers. We look forward to being Getsafe’s first official aggregator partner in the UK market.”
As a digital-first insurance brand Getsafe has broad appeal with millennials, most of whom are digital natives. Getsafe’s research has revealed that millennials in Europe will take out one billion insurance policies within the next 10 years, with a combined value of approximately €300 billion.