Despite the pandemic in 2020, the European InsurTech market was still full of local events where startups, corporates and investors met online to discuss trends or business opportunities. Having a vertical focus on insurance-related startups at astorya.vc, we are careful to be deeply connected to each local InsurTech hub. That’s why we were glad to speak at so many InsurTech remote-events all over Europe in 2020.

France

Luxembourg

Poland

Austria

Italy

Netherlands


Investing in seed InsurTech startups, scouting startups through its automated sourcing tool, and being involved in many local InsurTech scenes across Europe — astorya.vc is happy to share a detailed overview of what Insurtech deals from the first half of 2020. You’ll learn more about how much was invested, how many deals were done, who raised the biggest amount, how money was split across countries, which part of the insurance value chain was mainly targeted, etc. You can find our 2019 report here.

🤔 To put in a perspective:

- €6B/ year is the IT budget of BNP Paribas (link)


We at astorya.vc are delighted to have invested in a German bancassurance startup AAZZUR. In addition to co-investing in the €800k seed round alongside several business angels from the financial sector (e.g. Lutz Raettig, Vice-Chairman of Morgan Stanley Europe), we will support AAZZUR in building an insurance marketplace directly inside banking apps.

Aazzur’s founding team (Martin, Philipp, Richard)

1) A huge market opportunity

Historically, bankers have been perfect vendors of bundled mortgage and life insurance products or insured car leasing. Frequent bank visits made them great interfaces to cross-selling of insurance. But, while banks have moved to online channels, insurers have yet to catch up. …


Being at the heart of the European InsurTech scene — investing in seed InsurTech startups, scouting startups through its automated sourcing tool, and being involved in many local InsurTech scenes across Europe — astorya.vc is happy to share a detailed overview of what happened in that market in 2019.

Through this report, you’ll learn more about how much was invested, how many deals were done, who raised the biggest amount, how money was split across countries, which part of the insurance value chain was mainly targeted, etc.

KPI

  • €800m+ invested in European InsurTech startups in 2019
  • 55 deals closed in 2019


The European InsurTech market is full of local events where startups, corporates and investors meet to discuss trends or business opportunities. Having a vertical focus on insurance-related startups at astorya.vc, we are careful to be deeply connected to each local InsurTech hub. That’s why we were glad to speak or partner with so many InsurTech events all over Europe in 2019.

Paris — Paris FinTech Forum


On October 10th 2019 at Station F, Netguru and astorya.vc teamed up together to organize Disruption Forum Paris. Gathering several fast growing FinTech / InsurTech startups, alongside with bank / insurance corporates, discussions focused on how to leverage technology in Financial Services. Below are insights on what was shared among the 4 panels.

Panel #1: Scaling Strategies & Founders’ Mind


The European InsurTech market is full of local events where startups, corporates and investors meet to discuss trends or business opportunities. Having a vertical focus on insurance-related startups at astorya.vc, we are careful to be deeply connected to each local InsurTech hub. That’s why we were glad to speak at so many InsurTech events all over Europe in H1 2019.

Paris — Paris FinTech Forum


This article was translated from a post initially written in French by Patrice Bernard, on his blog C’est pas mon idée!

Startups entering the insurance industry often face a dilemma: they either create their own products, which is expensive, complex and burdensome, or they use an existing company, but the implementation times tend to drag on. A third option is now available to them.

The initiative comes from the Astorya.vc venture capital fund team and its investor, La Parisienne, which, together, combine their skills to offer startups an optimized process for developing a customized insurance solution. …


Five years ago, the term “InsurTech” didn’t exist. When the word first appeared as a hashtag on social networks, it was all about “Who will be the Uber of insurance?”. Insurers started being very active in that space either by investing, collaborating with young startups or even by building their own InsurTech ventures, from scratch.

Over five years, we’ve spotted and met thousands of startups in Europe (2.300+ last year only) working hard on revamping the insurance industry, leveraging technologies alongside the entire value chain:

  • most of startups in our dealflow (75% in 2016; down to ~50% in 2018) were…


“His coat was stolen on a sub-zero Saturday night. He hoped it might turn up, but six freezing days later Brandon despaired of finding it and did something no one has ever done: he took out his phone and set a world record…”*

It took Lemonade, a New York startup 3 seconds to pay Brandon an insurance compensation for his stolen coat. The Guinness Record Book rejected the application on the basis that throughout 3000 years of its history, the insurance industry never created a time measuring standard for the payment of insurance compensations. No wonder. …

astorya.vc

VC fund investing in early-stage / insurance startups all over Europe.

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