Insurama, the innovative insurtech managing general agent (MGA) founded in Spain in 2018, has announced a significant funding round, successfully raising €5.5 million to fuel its ambitious growth trajectory. Specializing in the coverage of consumer electronic devices, Insurama has established itself as a leader in providing tailored insurance solutions for families and businesses alike, leveraging cutting-edge digital products that are designed with the customer in mind. With this latest capital injection, the company aims to advance its international expansion strategy, which has already seen it amass a robust portfolio of over 100,000 policies across Spain, Portugal, Italy, and Mexico.
The funds will also reinforce Insurama's commitment to strategic partnerships, enhancing its omnichannel distribution model that caters to various segments, including B2B2C and B2C. Supported by reputable insurance groups like Helvetia and GNP Seguros, Insurama is well-positioned to innovate within the industry. The company’s unique value proposition lies not just in its modular product offerings, particularly in phone and multidevice coverage, but also in its dedication to stellar customer service. The implementation of a self-managed claims processing system and a fully digital customer journey has set Insurama apart from competitors. As it moves forward, this funding will be pivotal in allowing Insurama to refine its offerings and expand its reach, ultimately making comprehensive insurance accessible and user-friendly for consumers in multiple regions.
