Berlin, 26 October 2020 – The supervisory board of ELEMENT Insurance AG appoints Eric Schuh to the executive board, effective 1 January 2021. Schuh comes from Swiss Re, where he held various international management positions. Most recently, he headed Swiss Re P&C Solutions, a unit of the global reinsurance company focusing on the use of modern technology and data analytics for customer solutions.
‘I am thrilled to welcome Eric Schuh, a proven industry specialist, as new board member. With his international expertise of more than 15 years, he will develop and expand our business activities together with us,’ comments Christian Macht, CEO of ELEMENT.
Ramin Niroumand, CEO of Europe’s leading fintech ecosystem finleap – ELEMENT’s largest shareholder – adds: ‘Since many years, Eric Schuh takes part in the digital transformation of insurance and finance. He is the ideal fit to work with the strong leadership and team to further strengthen ELEMENT’s standing as leading white-label provider of insurance solutions.’
As member of the executive board, Eric Schuh will take over several core areas, including insurance operations and underwriting. He is 45 years old.
ELEMENT Insurance AG is the leading white-label provider for insurance solutions and a leader in insurance digitalisation. It is the first young company licensed by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) as a direct insurer for non-life insurance, which enables ELEMENT to act as a risk carrier, including claims settlement, in all EU countries. Founded in March 2017, ELEMENT offers a unique technology platform (‘Insurance as a Platform’) with a focus on the B2B2X value chain: ELEMENT develops for its roughly twenty partners from various industries – from e-commerce to established insurers – custom-made, innovative white-label insurance products at record speed. These products are then marketed by the partners under their own brand. ELEMENT has its headquarters in Berlin.
+49 (152) 0132 74 42 | presse@element.in
Contact details
Related topics
Related news
Michael Bongartz becomes Chief Commercial Officer, Igor Lutsenko takes on the role of Chief Techn...
With Michael Bongartz and Igor Lutsenko, ELEMENT enriches its management team with both external commercialization expertise and long-standing internal technology competence.
InsurTech ELEMENT raises 21,4 million euros in Series B funding
The Berlin-based InsurTech ELEMENT earns another € 21,4 million in Series-B financing. The total investment now amounts to 88 million euros. Simultaneously, the company achieves its best ...
Astrid Stange to become co-CEO of ELEMENT Insurance AG
Internationally renowned insurance expert Astrid Stange will join the management team as Co-CEO of ELEMENT as of August 1, subject to approval by the German Federal Financial Supervisory ...
Eric Schuh named among the Top InsurTech Leaders 2021
Eric Schuh, Chief Insurance Officer & Chief Financial Officer at ELEMENT, the leading white-label provider of digital insurance solutions, is named to our list of the Top InsurTech Leader...
ELEMENT raises 16 million euro to accelerate growth
New and existing investors back ELEMENT in a new financing round - total investment in the Berlin-based insurtech increases to a total of 66 million euro.