BeSafe Group successfully raised €3 million to enhance its sales team and expand internationally, aiming to innovate travel insurance solutions.

Target Company Overview

BeSafe Group, an insurtech company founded in 2018, operates in the travel insurance sector, covering over 14 countries including Italy, Spain, France, and Greece. The firm has successfully secured €3 million in funding to enhance its sales team and accelerate its expansion both in Italy and globally. The new capital will also support the technological development of personalized insurance solutions and the innovative claims management platform, aimed at protecting the revenue of tourism operators and offering travelers refunds within just 7 days in case of cancellation.

Industry Overview in Italy

The insurtech sector in Italy has seen significant growth, particularly in the context of travel insurance, as the industry adapts to new trends and consumer demands. With the increasing reliance on digital platforms and technology in insurance, insurtech companies are pioneering innovative solutions that address traditional insurance challenges. The market has been receptive to new entrants that leverage technology to enhance customer experience and expedite processes related to claims and policy management.

The recent COVID-19 pandemic has catalyzed a shift in consumer expectations, with travelers now prioritizing flexibility and reassurance regarding cancellations and unforeseen changes. In response, the travel insurance sector is tasked with evolving its offerings to