According to a study by Kubi/ FH Dortmund, only 45 per cent have liability insurance, while a study by Gothar suggests that only 13 per cent of SMEs have cyber insurance despite cyber risks being top fear by these companies. And this is why Munich-based InsureQ, a provider of embedded insurance products for SMEs and freelancers is aiming at this underserved self-employed and SME market, including SaaS and e-commerce startups.
InsureQ raises funding
In a recent development, InsureQ, a company that offers simple, transparent, and tailor-made insurance packages for its customers, has raised €5M in its Seed round of funding led by Nauta Capital. The round also saw participation from existing investors, including Flash Ventures and GFC.