What Andsafe does

Andsafe Aktiengesellschaft is a Germany-based digital insurance carrier (Versicherer) and underwriting agent headquartered in Münster, operating as a wholly-owned subsidiary of the Provinzial insurance group (Sparkassen DirektVersicherung AG). The company sells personal and commercial insurance products — bicycle, household contents, dog owner liability, personal liability, travel, e-bike, business liability (Betriebshaftpflicht), professional indemnity (Vermögensschadenhaftpflicht), and business contents (Inhaltsversicherung) — exclusively through its proprietary cloud-based platform at andsafe.de.

The platform is built around a three-step online application flow (basic details → coverage selection → contact information) that issues policies instantly without prior registration, stores all policy documents in the cloud, and exposes dedicated portals for end customers (Kundenportal) and broker/intermediaries (Vermittler-Portal). Technology is positioned as a differentiator on usability rather than on underwriting sophistication: coverage sums are tiered up to 30 million euros for personal liability and up to 10 million euros for business liability, with no sublimits, all-risk defaults, and daily cancellation rights across most products. The company has accumulated industry recognition including the Handelsblatt Diamond Star Award, Franke und Bornberg FFF+ rating, and multiple CHECK24 1.0 ratings.

Revenue is generated primarily through recurring insurance premiums, with prices calculated individually per risk profile (e.g., professional indemnity examples range from €403.36 to €504.20 per year for lawyers depending on coverage tier). Distribution follows a hybrid go-to-market combining product-led self-serve on the website with a broker/agent channel and internal Provincial sales support. Following the BaFin-approved October 2025 portfolio transfer from Getsafe Insurance AG, Andsafe became risk carrier for approximately 500,000 additional contracts on top of its organic 200,000+ customer base, materially expanding the in-force book under its underwriting license.

Name

Andsafe

Legal name

andsafe Aktiengesellschaft

Website

https://andsafe.de

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Andsafe AG is a Münster-based digital insurance carrier and subsidiary of Provinzial, selling personal and small-business insurance products (bicycle, liability, contents, travel, professional indemnity) via its cloud-based online platform and broker portal in Germany.

Ownership category

akta.pro rank

Product category

Digital Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

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

akta.pro primary industry

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

akta.pro secondary industries

Large Commercial Package (National Accounts) (FSAJAFAC), Trip Cancellation/Interruption & Refund Protection Platforms (THALALAB)

Keywords

• Digital insurance products
• Personal liability coverage
• Business liability insurance
• Professional indemnity insurance
• Household contents insurance

Headquarters

HQ city

Münster

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Andsafe operates as a digital insurance carrier (risk carrier), collecting recurring insurance premiums from policyholders across private and commercial lines including bicycle, household, dog liability, personal liability, travel, commercial content, business liability, and professional indemnity insurance.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Andsafe is a digital insurance carrier offering fully online, paperless insurance products for private individuals and small/medium businesses in Germany. Customers obtain quotes, configure coverage, purchase policies, and access all documents through a cloud-based customer portal via a three-step application process. The portfolio spans personal lines (bicycle, personal liability, travel, household contents, dog owner liability) and commercial lines (business liability, professional indemnity, business contents).

Product overview

andsafe is a digital insurance platform offering separate portfolios for personal and business customers. For private individuals, the offering includes bicycle insurance (Fahrradversicherung), household contents insurance (Hausratversicherung), dog owner liability insurance (Hundehalterhaftpflicht), personal liability insurance (Privathaftpflicht), travel insurance (Reiseversicherung), and e-bike insurance (E-Bike-Versicherung). For business customers, andsafe provides business liability insurance (Betriebshaftpflicht), professional indemnity insurance (Vermögensschadenhaftpflicht), and business contents insurance (Inhaltsversicherung). The platform emphasizes digital-first service with online quote calculation, a customer portal for document management, and daily cancellation rights across most products. The company acts as an underwriting agent and was approved by BaFin to serve as risk carrier for approximately 500,000 contracts following a portfolio transfer from Getsafe in October 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Fahrradversicherung (Bicycle Insurance) Insurance protecting bicycles against theft and comprehensive damage (full casco), covering new and used bikes without age restrictions, with no deductible. Rated 1.0 'excellent' by CHECK24. Offered to private individuals via online quote and three-step purchase.
• Privathaftpflicht (Personal Liability Insurance) Personal liability insurance protecting policyholders and their families worldwide against third-party liability claims, with coverage sums up to 30 million EUR. Includes rental damage (Mietschäden), goodwill damage (Gefälligkeitsschäden), and passive legal protection. Daily cancellation right applies. Sold to private individuals via andsafe.de.
• Reiseversicherung (Travel Insurance) Travel insurance providing worldwide protection for trip cancellations, interruptions, and baggage. Includes 24/7 emergency hotline and corona protection. Available as annually renewing coverage (with daily cancellation) or single-trip coverage (non-cancellable). Sold to private individuals.
• Hausratversicherung (Household Contents Insurance) Insurance protecting household contents against damage and theft, with all-risk (Allgefahren) coverage included by default, current new value replacement, and no requirement to verify the sum insured for partial losses. Glass breakage available as add-on module. Sold to private individuals.
• Hundehalterhaftpflicht (Dog Owner Liability Insurance) Liability insurance covering the liability risks that come with owning a dog. Designed for private dog owners and rated 1.0 'excellent' by CHECK24. Purchasable online via the andsafe portal.
• Betriebshaftpflicht (Business Liability Insurance) Insurance protecting businesses against claims for bodily injury and property damage caused during business operations. Freely selectable coverage sum of 3, 5, or 10 million EUR, with no sublimits per damage type, no hidden deductibles, and coverage for mixed operations. Premium is calculated based on annual business revenue. Sold to SMBs and freelancers.
• Vermögensschadenhaftpflicht (Professional Indemnity Insurance) Professional indemnity insurance protecting professionals who provide planning and consulting services against financial loss claims. Coverage tiers of 250,000, 500,000, or 1,000,000 EUR. Includes backward coverage for pre-contractual violations, unlimited post-contractual liability, own damages, and trust damages. Example: 403.36 EUR/year for lawyers at 250,000 EUR coverage with ~12,000 EUR annual revenue.
• Inhaltsversicherung (Business Contents Insurance) Insurance protecting business equipment, goods, and supplies against damage and loss. All-risk coverage is included by default, insurance is provided at current new value, and no verification of the sum insured is required for partial losses. Sold to SMBs and freelancers.

Quantifiable outcome

• CHECK24 rating of 1.0 ('excellent') for Fahrrad-, Hundehalterhaftpflicht-, and Hausratversicherung products
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Getsafe Insurance AGminorStrategic or Co-development Partner · 27 October 2025Getsafe Insurance AG transferred its entire insurance portfolio to Andsafe AG, approved by BaFin on 27 October 2025. Andsafe became the risk carrier for approximately 500,000 contracts across various insurance areas, operating as an underwriting agent. This was a one-time portfolio transfer/migration rather than an ongoing strategic partnership.
• AWIN GmbHminorGTM or Marketing PartnerAWIN GmbH (Eichhornstr. 3, 10785 Berlin) provides affiliate marketing services for Andsafe. Andsafe and AWIN act as joint controllers under GDPR Art. 26 for purposes of tracking, cross-device tracking, reporting, and transaction processing. AWIN sets cookies on visitor devices to attribute sales and calculate partner commissions.
• Provinzial (Provinzial-Konzern)coreOthersProvinzial Group (parent company of Sparkassen DirektVersicherung) is the underwriting backer. Processing of insurance applications is handled by Provincial internal sales team. Provincial DirektVersicherung provides the Consent Manager solution. Company press inquiries directed to Provincial Konzernkommunikation.
• Clyde & CominorImplementation/ SI/ Consulting PartnerInternational law firm Clyde & Co advised Getsafe Insurance AG on the legal and regulatory aspects of the portfolio transfer to Andsafe AG. This was a one-time advisory engagement for the portfolio migration transaction.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• HUK-COBURG: One of Germany's largest P&C insurers with a strong direct/digital channel and deep market share in personal liability and motor. Overlaps with Andsafe in Privathaftpflicht and other mass-market personal lines.
• ERGO (Munich Re Group): Major German insurance group (part of Munich Re) offering personal and commercial lines including liability and contents insurance. Comparable for business and personal P&C product overlap with Andsafe.
• Allianz Direct: Digital direct channel of Allianz, Germany's largest insurer. Competes with Andsafe on PLG-style online purchase flows in liability, household, and travel insurance.
• Provinzial Versicherung: Andsafe's parent group; regional Sparkassen-affiliated P&C insurer. Operates the same product lines (Hausrat, Privathaftpflicht, Betriebshaftpflicht) through a traditional agent/broker model — the offline counterpoint to Andsafe's digital motion.

Emerging players

• Coya: Berlin-based digital insurance company (now part of the BAWAG Group) offering modular, app-driven personal insurance. Comparable as a German insurtech operating in the same digital distribution lane.
• Wefox: European insurtech focused on broker/agent enablement. Comparable on the digital distribution and broker-portal strategy that Andsafe also employs via its Vermittler-Portal.
• Friday Insurance: German digital-first motor and personal lines insurer. Comparable as a venture-backed digital P&C competitor targeting the same digitally native German consumer with simplified products.
• Adam Riese (TALER Group): Digital direct insurer under the TALER Group umbrella offering household, liability and similar personal lines. Directly comparable in product scope and PLG digital distribution.

Regional players

• Baloise (Germany operations): Swiss-headquartered insurer with German operations investing heavily in digital insurance platforms. Comparable as a traditional European carrier pivoting toward digital P&C, similar in strategic posture to Provinzial-Andsafe.

Direct peers

• Getsafe: German digital insurance platform offering personal and small-business insurance. Directly comparable as the company whose insurance portfolio Andsafe is absorbing, and operates in the same PLG insurtech niche.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCxU2eUh3T0Llnv9r1Yq7lHw
• Xx.com/andsafe_de

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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 Andsafe