Europeans spend on average over €2,000 per personal annually on insurance, creating a massive market worth around €1.3T. Meanwhile, the global eCommerce market has surged past $29T. At the intersection of these sectors lies eCommerce insuranc, the fast growing markte Simplesurance is targeting.
Simplesurance simplifies insurance for online shoppers by embedding coverage options directly at checkout, making it easier and more convenient than visiting external insurers like Endsleigh or ProtectYourBubble. And its competitive pricing often undercuts both traditional insurers and product suppliers' own offerings, helping it gain vital market traction.
With strong backing from investors, Simplesurance operates across more than 30 Euopean countries and is aggressively expanding. As point-of-sale insurance becomes standard in online retail, the company is ready to deepen its footprint across Europe and explore potential growth beyond the continent.
Freddie
Company Specialist at Welcome to the Jungle
