European embedded insurance providers
5 verified European providers, ranked European-origin first (5 EU/EEA-origin). Insurance embedded at the point of need: orchestrators (Qover), white-label carriers (Wakam) and insurtechs across Europe. Carrier due diligence matters - Element Insurance (Berlin) went insolvent in 2025 with approx. 400,000 policyholders. Compare by EEA data residency, licence and regulator - each verified at source.
5 verified providers
Last source verification in this list: 2026-07-12. How we verify →
At a glance (5 providers): licences: 4 Vendor, 1 not documented; EEA data residency: 5 Yes; headquarters: 5 EU core.
Licence = the authorisation the provider holds itself (Vendor = unlicensed software). EEA data = customer data stored and processed in the EEA. – = not documented at source. Names open the verified profile.
| Provider | HQ | Licence | EEA data | Also offers | Verified | Intro |
|---|---|---|---|---|---|---|
 bsurance | Austria EU core | Vendor | Yes | – | 2026-07-12 | Request intro |
 Companjon | Ireland EU core | Vendor | Yes | – | 2026-07-12 | Request intro |
 INZMO | Germany EU core | Vendor | Yes | – | 2026-07-12 | Request intro |
 Qover | Belgium EU core | Vendor | Yes | – | 2026-07-12 | Request intro |
 Wakam | France EU core | – | Yes | – | 2026-07-12 | Request intro |
No longer operating (1)
Kept on record on purpose: licences get revoked and providers fail, and checking status before signing is part of due diligence. These are not live options - they are left out of the list and the counts above.
- Element Insurance (Germany) - 2025-03-01: Final insolvency proceedings initiated (BaFin filed after the Dec 2024 over-indebtedness notice; approx. 400,000 policyholders)
FAQ
What is embedded insurance?
Insurance sold inside another product's flow (card travel cover, purchase protection, gadget insurance) via APIs, with a licensed carrier behind it. Fintechnologica lists 5 verified providers (5 European-origin).
Who holds the insurance licence?
Either the embedded-insurance platform (as underwriter or MGA on a carrier's paper) or you distribute as an ancillary intermediary. The model determines your IDD obligations - clarify it first in any RFP.