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Overview
Insify provides digital business insurance for freelancers and SMEs in Europe, offering commercial liability, professional indemnity, and occupational disability coverage. Customers get quotes and manage policies entirely online, with AI-driven underwriting that uses many data signals to tailor and continuously update coverage as a business evolves. It differentiates itself through a digital-first, data-driven approach and fast, online processes that serve underserved small businesses, backed by reinsurance from Munich Re. The goal is to make business insurance fast, accessible, and continuously aligned with growing businesses while expanding across Europe.
About Insify
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$45.5M
Headquarters
Amsterdam, Netherlands
Founded
2020
Simplify's Take
What believers are saying
- Series B €16.3M funding from Evli accelerates European expansion.
- Tripled gross written premiums with 99.9% digital processing.
- Munich Re backing and bunq partnership boost distribution.
What critics are saying
- Wefox erodes German and French share with lower premiums.
- Munich Re cuts SME reinsurance capacity, spiking costs 30%.
- GetSafe undercuts Dutch ZZP disability insurance by 20%.
What makes Insify unique
- Insify delivers quotes in two minutes using AI and data analytics.
- Tailored policies auto-update as businesses evolve across sectors.
- Embedded insurance integrates seamlessly with fintech and e-commerce platforms.
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Funding
Total Funding
$45.5M
Below
Industry Average
Funded Over
3 Rounds
AccelIndustry standards
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -2%2 year growth
↑ 0%Insify, the digital insurance platform for entrepreneurs, has raised €16.3 million in Series B funding, led by Evli Growth Partners, with continued support from Munich Re Ventures, Accel, Opera Tech Ventures, Visionaries Club, and Frontline Ventures.
Insify, an insurtech startup, raised €16M in a Series B round led by Evli Growth Partners, with support from Accel and others. The funds will enhance its AI-powered platform for freelancers and SMEs, offering tailored insurance solutions. Insify's technology simplifies insurance processes with automated risk assessment and claims handling, while providing human support. The Amsterdam-based company has tripled its gross written premiums and expanded its client base significantly.
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Since raising a €15 million Series A funding round in 2022, Insify has grown its customer base from 1,500 to over 10,000, expanded into France and Germany, and launched its own disability insurance product in the Netherlands.
Insify, an Amsterdam, The Netherlands-based insurtech for SMEs, raised €10M in Series A funding.
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About Insify
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$45.5M
Headquarters
Amsterdam, Netherlands
Founded
2020
There are no jobs for Insify right now.
Find jobs on Simplify and start your career today