CLARK Company Research Report
Company Overview
- Name: CLARK
- Mission: To build an insurance expert that fits in customers' pockets, ensuring they are fully covered throughout the different stages of their lives.
- Founded: 2015
- Founders: No specific names found
- Key People:
- Benedikt Kalteier (CEO as of June 2024)
- Leandro (VP of Mergers & Acquisitions)
- Chris (Chief Technology Officer)
- Headquarters: Wilhelm-Leuschner-Straße 17-19, 60329 Frankfurt am Main, Germany
- Number of Employees: Over 800
- Revenue: No information is available
- Known For: Being one of the largest InsurTech companies in Europe and revolutionizing the insurance market through technology.
Products
1. CLARK App
- Description: A digital insurance management tool that offers a consolidated view of customers’ insurance portfolios.
- Key Features:
- In-app Recommendations: Automated assessment of existing contracts and coverage gaps.
- Offer Comparisons: Provides a full market overview with curated top offers and digital purchase processes.
- Expert Consultations: Access through in-app chat, call, or email with insurance specialists.
Recent Developments
- Acquisitions:
- January 2024: Acquisition of "That’s Life," a direct sales broker in the UK to strengthen life insurance capabilities.
- September 2023: Acquisition of "Schutzklick," a direct sales broker in Germany to enhance property and casualty insurance.
- February 2023: Acquisition of "UB Partner," an insurance broker to strengthen the Swiss position.
- March 2022: Acquisition of "Finanzen Group" to expand operations in major European markets.
- New Products and Features:
- August 2024: Announcement of expansion of product offerings in the UK.
- Corporate Changes:
- June 2024: Benedikt Kalteier succeeded Founder Christopher Oster as CEO.
- August 2024: Expansion of the management board with new members to strengthen strategic goals.
- Strategic Market Movements:
- December 2023: Exit from the Austrian market via management buy-out.
Other Information
- Innovation and Technology:
- The company is leveraging smart algorithms to redefine the insurance landscape by offering personalized insurance solutions through their app.
- Focus is on delivering services with high scalability, efficiency, and customer retention through technology-driven solutions.
- Markets and Operations:
- Operational in Germany, the United Kingdom, Switzerland, France, and the Netherlands.
- International investors include Allianz X, Portage, Tencent, White Star Capital, and Yabeo.
No additional commentary is provided beyond the detailed information extracted from the data provided.
