simplesurance, a Berlin, Germany-based insurtech startup, received a minority investment from Allianz Group.
The amount of the deal was not disclosed.
Under the terms of the agreement, simplesurance will now distribute Allianz insurance products in 28 European countries via customer portals like Schutzklick.de in Germany as well as some 1,500 online shops.
Established in 2012 by Robin von Hein, CEO, Joachim von Bonin, CFO, Ismail Asci, CTO and also led by Manuel Kester, COO, simplesurance has developed software that enables customers to buy products online and purchase corresponding insurance coverage in a few steps and paperless.
The company, which currently employs 100 people, operates several national sites including Klikochron (Poland), Cliccasicuro (Italy), Klikzeker (The Netherlands), Schutzklick Germany and Schutzklick Austria, Trygtklikk (Norway) Kliksikker (Denmark) and Klickskydd (Sweden) and powers Assurant, Inc. (NYSE: AIZ), a provider of risk management solutions, including protecting the goods consumers buy.