This means a turnover increase of 43% for those concerned. There is therefore a pandemic effect with a preference for soft travel modes. A trend that is surely not about to change with the current rise in fuel prices.
Hepster targets 30% of the French bike insurance market
It is in this very buoyant context that the German start-up Hepster decided to enter the French bicycle insurance sector. And the company founded in 2016 does not do things by halves since it aims to recover 30% market share.
In a press release relayed by our colleagues from the Digital FactoryChristian Range, CEO of Hepster, talks about his company’s strategy:
We aim to acquire more than 1,000 new partners and 250,000 new customers over the next three years. France should be a growth engine to achieve this objective and eventually become one of the main providers of online insurance and so-called on-board insurance in Europe.
Remember that Hepster already has 150,000 customers that it has obtained by relying on its 1,600 partners. The Argus of Insurance recalls that the company has already launched more than 300 personalized products to better convince its customers. It is also based on a fundraising of ten million euros which was carried out last year.
On the French side, the Insurtech sector is also very dynamic with startups that we regularly talk about on lemon squeezer like Luko, or even Alan, who became a unicorn in 2021 after raising 185 million euros. You can learn more about the ambitions of this company in our dedicated article here.