ELEMENT Insurance is a fully licensed, independent risk carrier specializing in digital insurance products. Operating under a B2B2X model, ELEMENT partners with businesses to distribute insurance products while maintaining the customer relationship through its partners. The company leverages a cloud-based microservice architecture to provide state-of-the-art solutions and infrastructure, ensuring the highest level of security for shared data. ELEMENT's full license from the German Federal Financial Supervisory Authority (BaFin) allows it to underwrite non-life insurance solutions, offering maximum flexibility and security. This license also enables ELEMENT to conduct business across all EU countries. The company's offerings include white-label modules that allow customer interaction under the partner's brand and a best-in-class pet protection suite. ELEMENT's business model focuses on collaborating with long-term partners to distribute its insurance products, generating revenue through underwriting and service fees.

Keywords: digital insurance, B2B2X, risk carrier, cloud-based, microservice architecture, BaFin license, EU market, white-label, pet insurance, underwriting.