Knip is the ‘mobile-first’ digital insurance broker with a simple and transparent solution to insurance; bundling all the customers’ insurance products into one app. Even if these products are from different insurers. An easy-to-understand overview shows existing insurance policies, tariffs and services. One click opens an entire insurance policy. So the important information is always at hand. After an automatic analysis, new customers receive individual recommendations based on their existing insurance portfolio. Upon request, the Knip insurance experts offer professional consulting, analyze tariffs and services and detect individual savings and optimization potential. As the consultants receive a fixed salary and no commission whatsoever, they can provide independent and honest insurance advice.
Free of charge
The app is designed to automatically detect individual’s insurance gaps and recommend essential insurance. Knip allows users to change their tariffs, close new insurance contracts and cancel old policies with a simple click. No paperwork, no stress! And in case of emergency, it is just one click to file a claim. The app and all services are free of charge for the customer and available for iOS and Android. Knip uses SSL certified technology for data encryption that meets the highest security standards. The start-up differentiates itself from the competition by building its own backend and data science to automatically provide advice on better, cheaper and missing insurance coverage, and by being a full-stack insurance broker that owns the entire insurance broker process. The company is certified by the German Technical Inspection Association TüV.
Why we selected Knip for DIA Barcelona
Founded in 2013, Knip has been experiencing rapid growth. Pronounced with a loud and proud ‘K’, Knip has already demonstrated great success with 330,000 downloads in Germany and Switzerland. Knip makes money by being paid a fee by insurance companies it partners with for managing their insurance policies and for new insurance contacts. Clearly, Knip fulfils a new role in the insurance value chain. In most mature markets brokers are under severe pressure. Knip is the posterchild of a whole new breed of insurance intermediaries. A new kind of broker that taps into the needs of consumers and insurance carriers alike, leveraging to the max what digital has to offer. And it definitely strikes the right chord. Knip is ranked 6 in the 'Top 100 Startups Award' and 29 on the Fintech100 list.
Who is Knip
Dennis Just and Christina Kehl founded Knip in September 2013. They wanted to build an easier way to experience and interact with insurances. Insurance companies seek to offer protection for a carefree life and Just and Kehl want to deliver solutions that simplify life. Dennis was previously co-founder and COO of mobile banking app Numbrs. Christina is a lawyer and holds a PhD. Venture capital investors from Berlin, London and Zurich are backing Knip. Recently the company closed a 15.7 million USD Series B round, the largest fintech investment in Switzerland to date, led by US based Route 66 Ventures. Creathor Ventures and QED Investors co-led the round, while existing investors Orange Growth Capital and Redalpine Capital also participated.
Presenting at DIA Barcelona David Lüscher, Chief Strategy Officer
Contact info Business Development/Sales: David Luesher, CSO, firstname.lastname@example.org
Press/Media: Michael Divé, Head of Communication, +49 30 577 006 826, email@example.com