Thinksurance is a technology company.
Thinksurance has raised $38.6M across 3 funding rounds.
Thinksurance has raised $38.6M in total across 3 funding rounds.
Thinksurance has raised $38.6M in total across 3 funding rounds.
Thinksurance's investors include Eight Roads Ventures, F-Prime Capital Partners, Erel Margalit, Kli Capital, ManchesterStory Group, MTech Capital, Viola Ventures, Christian Vollmann, Oshri Kaplan, Project A Ventures, Friedrich Georg Hoepfner.
Thinksurance is a German insurtech company that operates a leading digital platform connecting insurers, brokers, and distributors for commercial and industrial insurance.[1][2][3] It builds an Advisory Suite—an omnichannel solution that digitizes the full consultation process, from risk assessment and quoting to policy issuance and servicing, using AI and data analytics to simplify, speed up, and optimize insurance distribution.[1][2] Serving over 110 insurers, tied agents, and brokers handling 40 product categories across 1,800 professions, it solves core pain points like manual processes, complexity, and slow response times—enabling 68-82% of inquiries answered within 24-48 hours while providing data-driven product insights for insurers.[2][6] With around 100 employees including developers, data analysts, and insurance experts, Thinksurance demonstrates strong growth, modernizing its data infrastructure for 80% faster queries and 20% cost savings.[4][5]
Thinksurance emerged from Germany as a visionary insurtech platform aimed at rethinking commercial insurance distribution.[1][3] While specific founders are not detailed in available sources, the company was driven by leaders like Timm Weitzel, CIO and CFO, who articulated its mission to center policyholders and risks by fully digitizing development, distribution, consultation, and servicing.[1] The idea stemmed from recognizing the insurance industry's outdated, manual processes, leading to a one-stop platform that unites all market players.[1][2] Early traction came from broker and insurer feedback, fueling iterative improvements; it has since grown to partner with major players like ERGO, Zurich, and R+V, handling over 700GB of data and earning recognition as a top European insurtech startup in 2020.[2][5][6]
Thinksurance stands out in insurtech through its end-to-end, holistic approach rather than siloed tools:
Thinksurance rides the insurtech digitization wave, capitalizing on AI, data analytics, and cloud modernization to disrupt a traditionally analog $6 trillion global insurance market.[1][5] Its timing aligns with rising demand for digital B2B tools post-pandemic, where brokers seek efficiency amid regulatory pressures and insurers prioritize data for personalization—Thinksurance's platform directly addresses this by creating a unified ecosystem that cuts complexity and accelerates decisions.[1][2] Market forces like hybrid data environments and the need for real-time insights favor its hybrid setup and 20% cost reductions.[5] By enabling faster tenders and product iteration for giants like Zurich and ERGO, it influences the ecosystem, democratizing data access and pushing competitors toward full-stack platforms over point solutions.[2]
Thinksurance is poised for expansion by enhancing its platform with deeper AI integrations and broader European/international reach, building on its data moat and insurer network.[1][2][5] Trends like generative AI for risk modeling, regulatory pushes for transparency, and embedded insurance will amplify its momentum, potentially scaling to more professions and SMB segments. Its influence may evolve from German leader to pan-European powerhouse, redefining distribution as policyholder-centric—ultimately making commercial insurance as seamless as consumer fintech.[1][4] This positions it squarely as the intelligent backbone of a digitized insurance future.
Thinksurance has raised $38.6M across 3 funding rounds. Most recently, it raised $24.0M Series B in June 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2023 | $24.0M Series B | Eight Roads Ventures, F-Prime Capital Partners, Erel Margalit, Kli Capital, ManchesterStory Group, MTech Capital, Viola Ventures, Christian Vollmann, Oshri Kaplan | |
| Oct 1, 2019 | $14.0M Series B | Eight Roads Ventures, F-Prime Capital Partners, MTech Capital, Christian Vollmann | |
| May 1, 2016 | $560K Seed | Project A Ventures, Friedrich Georg Hoepfner |