Home » N26 relaunches in Italy with an InsurTech offer

N26 relaunches in Italy with an InsurTech offer

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In Italy, the 750,000 customers of N26, the mobile bank operational in 2015, will be able to purchase policies, manage plans, initiate compensation claims and select one of the insurance offers provided by various operators, all directly from the N26 app. The service is offered in collaboration with Simplesurance, one of the main players in the “InsurTech” market in Europe. Access to insurance products will also take place with the same simplicity and ease of use that distinguishes N26 services.

The business of non-life insurance

N26 enters a market with a total turnover of over 1,300 billion euros in Europe, with an average per capita expenditure of over 2,000 euros per year for insurance policies. N26 aims to radically simplify this sector which is so important for the financial life of citizens thanks to the collaboration with Simplesurance which, through its platform, allows you to take out an insurance policy online for consumer electronics and household appliances but also for garden machines and bicycles. The policies, as appropriate, offer comprehensive coverage against fall or third party damage, theft, operation errors or wear and tear. The user chooses the type of policy and the duration, without tacit renewal. The insurance coverage is valid all over the world and so you are protected even on vacation. Among the companies that work with Simplesurance there are Alliance and Arag.

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Directly from the app

For now the product developed by N26 is a policy that covers accidents and damages, including those caused by liquids and even the theft of the device. Customers will be able to purchase annual coverage or monthly plans with flexible withdrawal options. Pricing starts at 6 euros per month, based on the original value of your smartphone.The launch of N26’s new on-demand smartphone policy is the first in a series of products planned for the bank’s customers that will cover laptops in the coming weeks. , smartwatch, tablet, home, life, travel, liability, bicycle, electronics and pet insurance. N26 customers will be able to easily select, manage and pay for insurance products with a simple and convenient user experience, always through the app.

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L’idenkit di N26

N26 was founded by Valentin Stalf and Maximilian Tayenthal in 2013 while the first product arrived in 2015. Currently, N26 has 7 million customers in 25 markets. The company’s workforce is made up of 1,500 employees located in eight locations: Berlin, Barcelona, ​​Madrid, Milan, Paris, Vienna, New York and São Paulo. With a full European banking license, state-of-the-art technology, and no branch network, N26 is available for Android, iOS, and desktop. N26 raised more than € 800 million from the world‘s leading investors, including Insight Venture Partners, GIC, Tencent, Allianz X, Peter Thiel’s Valar Ventures, Li Ka-Shing’s Horizons Ventures, Earlybird Ventures, Battery Ventures, as well to the members of the management board of Zalando and Redalpine Ventures. Currently, N26 operates in Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Norway, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United States, where it operates through its subsidiary N26 Inc., based in New York. Banking services in the United States are offered by N26 Inc. in partnership with Axos® Bank, FDIC Member.

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