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Explore the latest digital insurance trends in Southeast Europe | Who’s doing what in region

digital insurance deep dive image

Digital insurance is one of the areas in which ventures from SEE  have a clear positioning when it comes to the value that can be created in the region. Two of the world’s fastest-growing companies providing software for insurance process automation were founded in Romania and Bulgaria. In 2020, UiPath reached a valuation of $10.2B while Hyperscience raised $140m in less than six months. There are also new local challengers like Boleron, a digital insurance broker that by using automation saves time for users and brings new business opportunities for insurers.

In this section, we’ll exlpore why and how’s the conservative insurance industry changing, what are the benefits of digitalization for both end users and insurance companies, and who’s doing what in the InsurTech space in Southeast Europe and beyond. 

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Etien Yovchev is a co-founder and Chief Editor at The Recursive, online media dedicated to the emerging tech and startup ecosystems in Southeast Europe. He has told the stories of over 200 ventures from the region and aims to provide high-quality constructive reporting on the progress of the SEE innovation ecosystem, making sure that the stories of promising local founders reach global audiences. Etien holds a MSc degree in Innovation Management from RSM, Erasmus University Rotterdam and has more than 4 years of experience in the commercialization of new products, having worked with many early-stage companies and a few corporate innovation departments across Bulgaria, The Netherlands, and the USA.