Getsafe expands to Austria

In parallel with its expansion, the insurtech is expanding its product portfolio specifically for the new market.

The digital insurer Getsafe has expanded into Austria. From today, Austrians can take out liability, household and dog owner liability insurance via the start-up's app. Getsafe tailored the three insurance products to the needs of Austrians. The company determined these needs in personal discussions and surveys before entering the market and also incorporated feedback from the app into the product design.

Customers can use the start-up's insurance app to take out insurance policies and report claims in real time. "Thanks to our platform, we are able to enter a new country within a few months - in Austria it only took eight weeks," says Getsafe founder and CEO Christian Wiens. "For Getsafe, this is proof of the efficiency of our technology and a template for further market entries." The start-up also used its own insurance license to expand into Austria. Getsafe received this license from the Federal Financial Supervisory Authority last October(we reported).

Getsafe would also like to develop new insurance products for the German, French and Italian markets. To this end, the start-up applied for further licenses from Bafin in March in order to operate as an insurer there too.