Helvengo

Name

Helvengo

Legal name

Helvengo GmbH

Website

https://helvengo.com

Company type

Private

Founded year

2020

Operating status

Acquired

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

IoT Building Insurance

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

IoT/Connected Risk Prevention & Parametric Triggers Platforms (FSAGAGAG)

akta.pro secondary industry

Enterprise Risk Management (ERM) (HDADAIAC)

Keywords

• IoT building insurance
• Property insurance
• Insurtech platform
• Building damage monitoring
• Digital insurance brokerage

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Insurance Premium Revenue: Helvengo acts as an Assekuradeur (insurance broker/expert) earning commissions on insurance premiums collected for buildings under coverage. The company determines individual premiums based on data-driven analysis and acts on behalf of insurance companies, with UNIQA serving as the underlying risk carrier for claims payment and premium custody.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Helvengo operates as an Assekuradeur (insurance expert/broker) offering IoT-based building insurance (IoT Gebäudeversicherung) that uses continuous sensor monitoring to detect building damage early and prevent costly follow-up damages. The company calculates individual, data-driven premiums for each building, with UNIQA serving as the underlying risk carrier and Munich Re as a project partner.

Product overview

Helvengo is an Assekuradeur (insurance broker/representative) offering a single core product: IoT Gebäudeversicherung (IoT Building Insurance). This product uses IoT sensor technology to continuously monitor buildings for damage detection, enabling early intervention and damage prevention. The offering combines innovative damage detection technology with data-driven fair premium calculation. UNIQA serves as the solvent risk carrier behind the insurance. The product includes market-leading insurance conditions with guaranteed underinsurance waiver through the residential unit model.

Differentiator

Problem solved

Functional benefit

Products and services

• IoT Gebäudeversicherung (IoT Building Insurance) IoT-based smart building insurance that uses continuous sensor monitoring to detect building damage early and prevent costly follow-up damages. The product is offered to property management companies, housing associations (GdWE), and building owners through UNIQA as the underlying risk carrier. It includes guaranteed underinsurance waiver via the Wohneinheitenmodell (Residential Unit Model) and integrates sensor technology at no additional cost.

Quantifiable outcome

• Early damage detection reduces costly follow-up damages through continuous IoT monitoring

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• ease GmbHcoreOthers · 7 August 2024ease GmbH, a German insurance broker, acquired Helvengo GmbH (the German subsidiary of Swiss insurtech Helvengo) in August 2024. The acquisition aimed to expand data-driven IoT products and leverage synergies. Following this acquisition, Helvengo shut down its core business after strategic sale to ease.
• UNIQAcoreStrategic or Co-development PartnerUNIQA serves as the solvent risk carrier (Risikoträger) behind Helvengo's insurance products, handling claims payment and premium custody. UNIQA is referenced in FAQ sections as the financially responsible insurer for policyholders.
• Munich ReminorStrategic or Co-development PartnerMunich Re is listed as a project partner (Projektpartner) on Helvengo's website. The partnership likely involves reinsurance support or co-development of IoT insurance products for the European market.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• hepster: German insurtech that embeds IoT/sensor-driven add-ons into insurance products (bikes, electronics, travel) and uses an Assekuradeur-style distribution model. Highly comparable to Helvengo in combining embedded IoT with a broker fronting structure, though applied to personal lines rather than buildings.
• Element Insurance: Berlin-based digital Assekuradeur that designs and distributes insurance products on behalf of carriers across multiple lines. Closest pure-play analog to Helvengo's Assekuradeur model in the German market, with overlapping B2B2C distribution and a focus on embedded insurance.
• Wefox: European digital insurance broker that distributes P&C and life products via digital channels and partner intermediaries. Comparable in targeting the DACH market with technology-led intermediation, though operating at much larger scale and across more lines.
• Baobab Insurance: European Assekuradeur that enables insurers and banks to launch digital insurance products. Comparable to Helvengo in providing the product-design and operational layer behind a partner carrier, with a similar B2B2C distribution angle.

Emerging players

• Getsafe (Getsafe Digital Insurance): German digital insurance broker offering liability, home contents, and other lines with embedded digital UX. Comparable in operating an Assekuradeur-style model in the DACH market, with overlap in serving digitally savvy SMBs and consumers through broker partnerships.

Broad incumbents

• Munich Re: One of the world's largest reinsurers and an active investor/partner in IoT and parametric insurance initiatives. Listed as a project partner for Helvengo, Munich Re is both a collaborator and a strategic incumbent that could ultimately absorb or replicate sensor-driven building insurance at scale.
• UNIQA Insurance Group: Austrian insurance group that acts as the solvent risk carrier behind Helvengo's policies. Comparable as the underlying primary carrier of the IoT building insurance product, with overlap in property insurance distribution across CEE and DACH.
• Baloise Group: Swiss insurance and banking group with a strong property insurance franchise and active digital/insurtech investment program. Comparable as a Swiss incumbent that competes for the same SME and building-owner customers and has the balance sheet to launch competing IoT initiatives.
• Allianz: Global insurer with a large property and commercial insurance franchise in DACH and active IoT/risk-prevention initiatives (e.g., Allianz Partners). Represents the broad-incumbent competitor that Helvengo's data-driven proposition must differentiate against at scale.
• AXA: Global insurer with a substantial property and SME insurance book across Europe and active investment in connected/sensor-based risk prevention. Comparable as a broad incumbent with the resources to bundle IoT services into property insurance at scale.

Market position

Strengths4 records

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Helvengo