With a population of 80m and the highest number of insurance policies per capita in the world, Germany is ripe for InsurTech. Getsurance is one of these and the first digital life insurance product in Germany whereby users can buy disability insurance in paperless manner thanks to Getsurance’s automated risk assessment engine.
How it works:

Simple, digital and speedy purchase of disability insurance targeting physically active persons and those with pre-existing conditions.
Getsurance’s co-founder and CEO Dr Johannes Becher has summarized Getsurance’s philosophy: “Millennials want to buy coverage in the same easy way they buy from Amazon or Ebay. We are taking life insurance to the 21st century.”
Getsurance is cooperating with re-insurer RGA and is targeting both physically active persons and those with pre-existing conditions.
In terms of pricing, Getsurance has embraced a pay as you go model with the cheapest policy available from €11 a month.
This launch also signals Getsurance as the first InsurTech to bring its own life insurance product to market in Germany. This is a bold step as the regulations and IT infrastructure required to participate in underwriting and operations is substantially heavier than those focusing on distribution or lead generation.