Written by 12:39 250 to 300 M EUR, Innovators, InsurTech, LoB: Motor, LoB: P/C, Prop.: Distributor (B2C, B2B), Prop.: Risk Carrier, Segm.: Personal, Stage: Series A, Switzerland, V Type: VC Backed, Value Chain: Claims Management, Value Chain: Customer Service, Value Chain: Distribution & Sales Enablement, Value Chain: Policy Administration, Value Chain: Product Design, Value Chain: Underwriting & Pricing

ONE Insurance

ONE is the most digital insurer outside China. It’s straight-through processing ratio is about 90%. Almost all processes are fully digital. ONE uses state-of-the art technologies like AI, OCR, picture recognition, NLP and others. 60% of all claims are settled in real-time.
ONE currently offers motor, private liability and household products in Germany and Switzerland but plans to offer further product lines in more countries.

Tags: Last modified: 18.01.21