ELEMENT – empowering MGAs across Europe

ELEMENT is a BaFin-licensed P&C insurer, with the vision of empowering MGAs across Europe as a strategic ally to build and grow their business.
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Our goal is to become the first choice for MGAs and reinsurers across Europe. As a data-driven primary insurer, ELEMENT enables MGAs across Europe by accessing insurance capacity and managing risk by cooperating with reinsurers. We are already licensed and approved in all European countries and support MGAs all across the EU.

Our partners

What our partners say

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Name Surname

Position, Company name

Name Surname

Position, Company name

“The successful launch of our agricultural cover in partnership with ELEMENT is a testament to our shared commitment to entrepreneurial thinking. ELEMENT's expertise and lean processes have proven invaluable in enabling us to quickly deliver tailored solutions that effectively address our customers' unique challenges.”

Jens Schönherr

CEO

“As MENEKS, we wanted to expand our product portfolio to include traditional repair cost insurance and were looking for a provider that could implement our ideas quickly and digitally. ELEMENT became the obvious choice. It is important to us to have a dynamic partner which understands our needs and is able to offer our customers faster and better solutions.”

Florian Schäfer

CEO at MENEKS

“Those who help each other increase their chances of growth. Market trends can be identified and served quickly, which represents a clear competitive advantage. It is entirely possible that InsurTechs will take over smaller insurers operationally in the near future and realign them to jointly meet the changing needs of the market. These developments make it clear that the future of the InsurTech industry will be significantly shaped by cooperative approaches.”

Hanna Bachmann

CRO and Co-founder of hepster

“We are excited to partner with ELEMENT and believe that this collaboration will allow us to provide our customers and partners even better insurance solutions across the European markets. By sharing our expertise and resources, we can introduce our customer focused products and services to a wider network of potential partners and offer a higher quality product that our customers in the Baltics have grown accustomed to.”

Paul Melnikov

Co-Founder & Chairman of the Board at Warranty Expert

"We started Panda with the ambition to combine insurance products for animals with a sustainable commitment to the environment. Our partnership with ELEMENT makes this possible. We are leaders in this market segment and know that our commitment to animal welfare and environmental protection is in the interest of our customers."

Jean-François Diet

CEO

Our fully digital accident insurance is completely customer-centric. With the two new tariffs, we take the varying needs of different phases of life into account, as individual requirements can easily be adapted in the policy.

Armin Christofori

CEO Manufaktur Augsburg GmbH

"Used cars have many advantages, however there are some financial pitfalls to consider, such as previous wear and tear. This is exactly where our warranty solutions come in and provide financial security for cardealers and buyers alike. We are sure, that with ELEMENT's digital insurance solutions, we are optimally positioned for the future."

Markus Müller

CEO Intec AG

"From the first meeting to the finished product it took only eight weeks! For an MGA, this fast implementation of new product ideas is crucial for competition, especially in a competitive market. Together with ELEMENT, we will develop further innovative products within a very short time and offer them to our customers in a tailor-made manner."

Thorsten Winter

Managing Director SCHUTZGARANT

Why ELEMENT

Pan-European Capacity & International Approach

MGAs have access to EU-wide insurance capacity via Freedom of Service (FoS) legislation, which enables the cross-border provision of services with one license only. By dealing with ELEMENT as a licensed counterpart, they can launch their insurance solution in multiple European markets simultaneously.

Compliant Sustainable Primary Insurer

Over the past years, ELEMENT has experienced steady and sustainable growth and our seasoned management team – comprised of industry experts and visionaries – plays a key role in steering our course toward continued success, fostering a culture of innovation, reliability, and enduring partnerships.

Fast Time-to-Market

The technological expertise, optimised processes, agility, and fast decision-making capabilities of ELEMENT enable us to move swiftly without compromising on reliability. We adjust our speed according to our partners’ needs and preferences, and our dedicated partner onboarding and account management teams ensure a customized and tailored experience that aligns with our partners’ goals and objectives.

Neutral Partner

In adherence to our core principles, ELEMENT upholds a non-compete ethos, emphasising ethical and transparent collaboration. We prioritise the integrity of our partnerships, affirming that we do not engage in the distribution of products developed by our partners.

Entrepreneurial Mindset with an Ambition for Growth

ELEMENT boasts a team driven by an entrepreneurial mindset, fuelled by an unwavering ambition for growth. With a focus on adaptability and forward-looking strategies, we embody a culture that thrives on ambitious goals and continuous advancement.

Reliable Technology: Data-driven Insights

As a technology- and data-driven insurance company, ELEMENT combines the best of the worlds of technology and insurance. We think in data when working with our partners to find the best risk transfer solutions. Powered by our tech stack, we can help our partners manage and optimise their portfolio, driven by lean and transparent data exchange models.

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