RESULTS
Market-first Innovations
Seamless embedded insurance protection for travel, weather, gadget and more.
100% Automation
Full straight-through processing for all insurance processes.
Instant Claims Settlement
Real-time parametric claims calculations and payouts to delight customers.
Multi-country Scalability
Efficiently scaled across European and North American markets on one core instance.
About Company
Companjon is a leading European insurtech specialising in fully digital, hassle-free embedded insurance. As a B2B2C provider, it delivers flexible, automated insurance solutions tailored to customer bookings and purchases across Europe and North America.
The Requirements
Companjon strives to reinvent how people experience insurance with innovative, digital-driven embedded solutions that are flexible and frictionless. To become the insurance partner of choice for online travel platforms, digital-first banks, telcos, and other digital-first businesses, Companjon required an end-to-end, digital-first core insurance platform, allowing for unrestricted and fast proposition innovation, comprehensive automation, unlimited multi-country scalability and extensive integration capabilities.
A core platform supporting parametric insurance has become essential, allowing seamless integration into partners' customer journeys and enabling automated, instant claims settlement.
The Solution
Digital-first Core Platform for Embedded Insurance
Companjon utilizes Peak3's Graphene core platform to manage its end-to-end insurance operations, including product management, policy administration, and claims handling. This cloud-native platform supports Companjon's scalable operations across Europe and North America, integrating seamlessly with top embedded insurance distribution partners like Get Your Guide and Erste Bank through its APIs.
With Graphene's flexible product and workflow configurations, Companjon delivers a variety of embedded insurance products, such as delay insurance, flexible cancellation insurance, weather protection, screen crack insurance, and extended warranties.
One notable collaboration involved banks offering parametric flight delay insurance. The bank customers receive instant payouts directly to their bank accounts when their flight is delayed by as little as 15 minutes. The payout amount increases dynamically with the length of the delay and is automatically calculated and processed using real-time integrations with flight data providers.
A testament to Graphene's performance and scalability:
Matthias Naumann, CEO at Companjon
The Impact
Achieve full scalability with Graphene, the only core platform powering operations across European and North American markets.
Drive limitless performance, processing over 150 million insurance transactions annually on Graphene
Automate workflows and processes for instant claims settlement, enhance customer satisfaction while reducing operational costs
Attain recognition as an insurtech leader from top publications, becoming the partner of choice for leading digital platforms and ecosystems.
Automate processes with Peak3 to save costs, enhance user experience, and scale operations on a single multi-tenant SaaS system.
