Getsafe & comparethemarket.com to offer flexible insurance policies in the UK

By Megha Bhattacharya

UK-based digital insurer Getsafe and price comparison site comparethemarket.com today entered into a partnership that aims to offer better value and flexible insurance policies to millions of UK consumers. The new collaboration will enable Getsafe to reach a wider audience with its app-based insurance proposition, and comparethemarket.com can offer its users a different type of interaction with insurance that is designed for the modern consumer.

comparethemarket.com is a UK price comparison site. The company helps millions of Brits find the best insurance deals every year.

Christian Wiens, founder and CEO of Getsafe, stated, “Getsafe is experiencing continuous growth – something the partnership with Compare The Market will drive even further. We are determined to make digital, app-based insurance the standard throughout Europe in the coming years, and this partnership puts us on the right track.”

Getsafe started out in 2015 with a clear vision from co-founders Christian Wiens and Marius Simon: to make insurance digital, simple, and flexible With 53 million US dollars in funding, Getsafe is one of Europe’s top 10 funded B2C insurance startups, serving 175,000+ customers in Germany and the UK. The company offers a mobile-first approach, empowering its customers to purchase and manage insurance policies as well as filing claims on their smartphones – 24/7.

Recently, Getsafe has secured $30 million in a Series B funding round led by Swiss Re’s digital platform iptiQ. The round also saw the participation of existing investors such as g Earlybird, CommerzVentures, btov Partners and Capnamic Ventures. Getsafe plans to extend its funding with a second tranche to be closed ahead of the receipt of the company’s own insurance licence, scheduled for the first half of 2021.