Berlin-based insurtech INSRD lands €500k pre-seed to reinvent business insurance and risk management

Berlin-based insurtech startup INSRD has raised a €500k pre-seed round from ecosystem angel investors including Alex Grimm, a former executive at insurtech champion Getsafe, Florian Huber, and Daniel Dippold of EWOR, alongside tech executives and venture capitalists.

Source: EU Startups

INSRD reinvents commercial insurance to better serve fast-growing companies that are driven by innovation yet frequently encounter new risk exposures. Since companies often outgrow their insurance coverage, it’s crucial to have a responsive solution that evolves alongside them. By combining expert advisory, complementary risk solutions, and actively monitoring risks, INSRD has convinced prominent companies from tech, venture capital, and other emerging industries to become clients.

Alex Grimm, formerly of Getsafe, commented: “Insurtech players in the commercial insurance space have been too focused on improving the buying experience and building digital distribution models. The real challenge is keeping coverages accurate with companies that encounter new risk exposures as they develop rapidly. Although buying insurance may be perceived as a hassle, inaccurate coverage at the time of need will lead to more serious problems. INSRD is solving this issue by utilizing cutting-edge technology to ensure coverage accuracy at scale.”

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