Rocket Internet and CHECK24 founder invest in insurance app SAFE
22 APRIL 2015
SummaryBerlin, 22. April 2015 - SAFE, the insurance manager for your pocket, has secured capital for further growth. The investment was led by Rocket Internet, the founder of CHECK24 and Business Angel Oliver Roskopf.
SAFE is disrupting the insurance market by putting control over your insurances into the palm of your hand. The app lets users manage their insurance portfolio without having to deal with a local insurance agent ever again. With the user’s approval the app gathers information about all current policies directly from the insurance companies. Afterwards the app provides an overview of all contracts, their costs and automatically finds possible savings. Whenever needed, SAFE lets you buy a new insurance without having to deal with any paperwork at all. A team of certified experts is there to help and give advice, just as traditional insurance brokers do. Currently the SAFE portfolio includes nearly 100 insurance companies with more than 30.000 quotes. Both the app and its services are free and available for Apple and Android users.
“Apart from fresh capital we primarily won valuable Investors, that know our industry and recognize the potential of our product”, explains Christian Wiens, CEO and cofounder of SAFE.
With this investment Oliver Samwer enters the insurance market for the first time with Rocket Internet. Also CHECK24 chairman Henrich Blase is investing in this field for the first time since founding his company over 10 years ago. “The app is an obvious and ambitious next step for the the fast growing online insurance industry”, Blase adds to the investment of CHECK24.
“With the new funding we want to expand our team of experts and start advertising. This is a highly strategic investment that gives us access to the know-how and resources of our investors”, Wiens explains.
SAFE is operating in a huge market. On average, every German owns six insurance policies. This amounts to 460 million contracts that could be digitally managed with the app.
SAFE is the first fully digitalised insurance broker. The app is disrupting the insurance market by putting control over your insurances into the palm of your hand. SAFE automatically gathers information about your current policies directly from the insurance companies. It then creates an overview of all contracts, their costs and even searches for possible savings. With features such as one-click claim notifications and a team of insurance experts available 24/7, SAFE offers an unrivalled customer experience. Currently the SAFE portfolio includes nearly 100 insurance companies. SAFE was founded by Christian Wiens and Marius Blaesing in 2014. The app is available for iOS and Android users in Germany.
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About Rocket Internet
About Rocket Internet
Rocket Internet incubates and invests in Internet companies with proven business models. It provides operational support to its companies and helps them scale internationally. Rocket Internet focuses predominantly on four industry sectors of online and mobile retail and services that make up a significant share of consumer spending: Food & Groceries, Fashion, General Merchandise and Home & Living. Rocket Internet’s selected companies are active in a large number of countries around the world with more than 28,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.