Christian Macht appointed as Chairman of theBoard of ELEMENT Insurance AG
In addition toappointing Christian Macht as Chairman of the Board, the white label productfactory for insurance complements its leadership team with Iryna Zhovtobryukhas Chief Technology Officer and Ingo Töpfer as VP of Sales DACH
Berlin, 28.Mai 2019 – The Supervisory Board of ELEMENT Insurance AG appoints ChristianMacht as Chairman of the Board. Macht joined the white label productfactory for insurance on 1 May 2018 and was prior to his appointment its ChiefRepresentative. In his new function, he will continue with the strategicpositioning and internationalisation of the company.
Previous tojoining ELEMENT, Macht held several top positions in the digital industry andwas consultant and investor. Previously, as CSO Europe at the technologycompany Rakuten and Supervisory Board Member of the Rakuten Europe Bank, aswell as beforehand as COO Central Europe for Groupon, he gained a wide,international expertise in the technology and digital sector.
ELEMENTcomplemented its leadership team by Iryna Zhovtobryukh, who will headthe company’s 50-strong development division as Chief Technology Officer. Sheand her team are in charge of the modular product platform, which they willfurther develop and automate. Zhovtobryukh has gathered extensive experience insoftware development for over fifteen years and previously held leadingpositions in smart digital asset management as well as fintech.
As VicePresident Sales DACH, Ingo Töpfer is heading the sales activities ofELEMENT in the German-speaking countries. With his wide experience and deepknowledge of the insurance industry, Töpfer and his team are responsible forthe acquisition and retention of partners from the insurance business andbeyond.
ELEMENTInsurance AG is a product factory for insurance and a leader in insurancedigitalisation. It isthe first young company licensed by the German Federal Financial SupervisoryAuthority (Bundesanstalt für Finanzdienstleistungsaufsicht)as a direct insurer for non-life insurance, which enables ELEMENT to act as arisk carrier, including claims settlement, in 28 countries across Europe.Founded in March 2017, ELEMENT offers a unique technology platform (‘Insuranceas a Platform’) with a focus on the B2B2X value chain: ELEMENT develops for itsmore than fifteen partners from various industries – from e-commerce toestablished insurers – custom-made, innovative white-label insurance productsat record speed. These products are then marketed by the partners under theirown brand. ELEMENT has its headquarters in Berlin. End of 2018, ELEMENT closedthe Series A with a total of EUR 29 Million in investment.
SebastianSchleicher | Senior Communications & PR Manager
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ELEMENT Insurance AG | Hardenbergstrasse 32 | 10623 Berlin |Germany
ELEMENTInsurance AG · Hardenbergstraße 32 · 10623 Berlin · Deutschland |Handelsregister (Commercial Register) Amtsgericht Charlottenburg HRB 182671 B ·UStID DE309829780 | Vorstand (Executive Board): Dr. Christian Macht(Vorsitzender/Chairman) · Dr. Wolff Graulich · Sascha Herwig | Aufsichtsrat(Supervisory Board): Ramin Niroumand (Vorsitzender/Chairman)