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INTERNET | Internet Software & Services / Accounting & Finance

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Founded Year



Series A | Alive

Total Raised


Last Raised

$3M | 8 mos ago

About Insurely

Insurely is a Swedish digital insurance platform on a mission to make insurance easier to understand and manage.

Insurely Headquarter Location

Tegnérgatan 8

Stockholm, 113 58,


Latest Insurely News

Insurtech Hedvig goes full-stack to power European expansion

Mar 17, 2021

This comes just as more home insurtechs, including US giant Lemonade, expand across Europe. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client. The Sweden-based home insurtech has secured a carrier license valid across the EU,  per  its press release. Launched in 2018,  Hedvig offers rental and homeowners insurance via its app to 50,000 users in Sweden and Norway, and it now plans to expand across new European markets. The insurtech raised €7.5 million ($8.6 million) last October, bringing its total raised to date to €20 million ($22.8 million). More home insurtechs are expanding across Europe. Insider Intelligence With the EU license, Insider Intelligence thinks Hedvig can accelerate its growth by freely launching proprietary products across Europe. The insurtech has experienced fast growth thanks to its cheaper and extensive coverage. Hedvig allows users to record their claims directly within the app and get immediate compensation for the  simplest  ones, enhancing customer satisfaction. The insurtech also offers prices that are on average  20%  lower than the market. As a result, during 2020 Hedvig grew its gross written premiums by over 200% and claims it now accounts for 8% of all new home insurance policies signed in Sweden. And the license gives it more control over its product suite as it expands. Hedvig now has greater freedom to develop innovative policies as it doesn't have to coordinate with partner carriers, per its press release. Incumbent insurers have traditionally been risk averse , making them less willing to offer new and untested coverage plans that Hedvig may want to trial. In addition, it no longer has to share earnings on policies sold with insurance partners. Hedvig earns a fixed  20%  fee on monthly premiums and earmarks the rest for paying out claims. Now, without the need for partner carriers, it can set more money aside for claims or other business needs, such as product development. Hedvig should back up its expansion by deepening its partnership with fellow insurtech Insurely to better stand out in the increasingly crowded European home insurtech market. While Hedvig is experiencing rapid growth in the Nordics, its European expansion will pit it against an ever-increasing number of providers. In addition to European incumbents, US insurtech giant Lemonade has launched  in Europe, starting with Germany, the Netherlands, and France. Meanwhile, France-based home insurtech  Luko  raised $60 million last December to fuel its expansion to neighboring markets. To make potential customers' transition to its offerings as easy as possible in this competitive environment, Hedvig should expand its existing Swedish partnership with API provider  Insurely : Any consumer can compare their current insurance policies with Hedvig's and change directly via Insurely's platform. Hedvig should take advantage of Insurely's similar plans to expand across Europe to drive customer acquisition in its new markets. Want to read more stories like this one? Here's how you can gain access: Join other Insider Intelligence clients who receive Fintech forecasts, briefings, charts, and research reports to their inboxes each day. >> Become a Client Current subscribers can access the entire Insider Intelligence content archive here .

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Expert Collections containing Insurely

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Insurely is included in 3 Expert Collections, including InsurTech.



1,635 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience


Europe InsurTech Startups

307 items



19,054 items

Excludes US-based companies

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