Coya is Built from the Ground Up by Two 59-Year-Old Entrepreneurs
References: wsj & insurancejournal
Coya is a Berlin-based insurtech firm that operates on a straightforward business model, is designed to be "affordable, transparent, and easily accessible," and one that testifies to the vigor and dedication of older entrepreneurs.
The start-up started to make its mark on the industry in late 2018. The business was founded by Peter Hagen -- the former chief executive of Vienna Insurance Group, who is collaborating with a former executive from Allianz SE. Both businessmen were 59 when the insurtech firm was launched and both utilize their sizable experience in the insurance industry as a catalyst for their business adventure.
As a company, Coya is flexible, "providing one of the best deals on the market" and offering a cancellation policy that comes without any consequences and can be enforced at any time.
Photo Credits: Shutterstock
The start-up started to make its mark on the industry in late 2018. The business was founded by Peter Hagen -- the former chief executive of Vienna Insurance Group, who is collaborating with a former executive from Allianz SE. Both businessmen were 59 when the insurtech firm was launched and both utilize their sizable experience in the insurance industry as a catalyst for their business adventure.
As a company, Coya is flexible, "providing one of the best deals on the market" and offering a cancellation policy that comes without any consequences and can be enforced at any time.
Photo Credits: Shutterstock
Trend Themes
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Boomer-owned Insurtech Firms — Companies founded by older, experienced professionals are disrupting the insurtech industry.
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Affordable, Transparent, and Accessible Insurtech — Insurtech firms like Coya are revolutionizing the market by prioritizing affordability, transparency, and accessibility.
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Flexible Insurance Options — Insurtech firms that offer flexible policies without any consequences are gaining momentum in the industry.
Industry Implications
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Insurance — The insurance industry is ripe for disruption, with insurtech firms providing new opportunities for innovative business models.
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Finance — Insurtech is a subset of the larger finance industry, with innovative solutions disrupting traditional models.
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Technology — Insurtech firms utilize technology to disrupt and improve the insurance industry, creating opportunities for growth and innovation.
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