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.
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Boomer-Owned Insurtech Firms
Coya is Built from the Ground Up by Two 59-Year-Old Entrepreneurs
Trend Themes
1. Boomer-owned Insurtech Firms - Companies founded by older, experienced professionals are disrupting the insurtech industry.
2. Affordable, Transparent, and Accessible Insurtech - Insurtech firms like Coya are revolutionizing the market by prioritizing affordability, transparency, and accessibility.
3. Flexible Insurance Options - Insurtech firms that offer flexible policies without any consequences are gaining momentum in the industry.
Industry Implications
1. Insurance - The insurance industry is ripe for disruption, with insurtech firms providing new opportunities for innovative business models.
2. Finance - Insurtech is a subset of the larger finance industry, with innovative solutions disrupting traditional models.
3. Technology - Insurtech firms utilize technology to disrupt and improve the insurance industry, creating opportunities for growth and innovation.