Today’s insurance products are mostly ‘one size fits all’ configurations with fixed coverage options, duration, benefits, and compensation, possibly resulting in that the solution only fits a small majority of consumers. Dynamic insurance products are modular, with multiple coverage options, durations, benefits, and compensation means. They curate insurance that is the right protection at the right price in the right place (at the right time) – resulting in meeting the needs of each distinct consumer.

Companjon is a B2B2C insurtech, and both an insurer and a distributor, offering end-to-end modern insurance solutions that are fully digital and frictionless. Licensed to underwrite its modern insurance solutions in Europe, Companjon has also recently expanded to the US and UK. Companjon leverages advanced technology such as AI – enabling businesses to offer their customers hyper-personalized insurance at the right place and the right price

Companjon’s business partners, which include the travel, mobility, events & entertainment, e-commerce, fintech, and telecommunication sectors, are looking to create new value and better customer experiences. They aspire to offer their customers protection when things don’t go as planned. This solution ultimately needs to enable in flexibility and convenience without any additional effort required. Companjon designs its end-to-end solutions around the customer experience their business partners want to deliver and integrates the solution seamlessly into the digital platforms of that business.

How it works

Example of how dynamic insurance products are modular: with multiple coverage options, durations, benefits, and compensation means.

Why we selected Companjon for ITC DIA Europe Amsterdam?

Companjon’s dynamic insurance products aim to be tailored to the specific customer’s unique insurance needs based on data-driven insights. Companjon leverages advanced technology like AI to curate, behind-the-scenes, a tailored insurance product at the optimal price in the right place and time.

At previous ITC DIA Europe events, Companjon showcased its modern parametric embedded insurance solutions Flight Delay and Screen Crack to ITC DIA Europe audiences. This year, the dynamic product engine is a technology that will make those solutions, or any P&C insurance product for that matter, personalized to meet the consumer’s unique needs. At ITC DIA Europe Amsterdam, Dr. Nina Zobel, Chief Commercial Officer, and Bart den Hartog, Chief Insurance Officer presented Companjon’s dynamic insurance products: what they are, how they work, and why they will change the industry.

Who is Companjon?

Companjon is an established B2B2C insurtech start-up, specializing in fully digital, modern embedded insurance. Founded in 2020, Companjon was born during the COVID-19 pandemic and built from scratch under the leadership of CEO, Matthias Naumann, with the full support of their main investor, a leading Swiss insurer. Companjon’s team is now over 65 people representing 24 different countries with its headquarters in Dublin, Ireland. Companjon has been named an InsurTech100 company for three consecutive years (2021, 2022, 2023).

"We want our solutions to enable business partners to be “right there when life happens” to their customers."

Matthias Naumann, CEO