Mutumutu aims to simplify customers’ experience and focus on clients’ benefits
Societe Generale invests in Czech startup. Source: shutterstock.com
Societe Generale Assurances has invested in online life insurance startup Mutumutu nearly €1.1 million.
This investment aims to strengthen the existing partnership with Komercni Pojistovna, the risk carrier of Mutumutu in the Czech market.
Mutumutu was founded in 2018 as an in-house project of the Prague company builder CreativeDock. The company is already providing the Czech market with 3 insurance policies: incapacity to work, disability, and death.
The startup’s business model relies on a prevention program based on a cashback mechanism on the insurance premium, through connection to mobile health apps. What is more, clients are rewarded for an active and healthy lifestyle with up to 30% premium cashback.
Societe Generale Assurances owns a strategic minority stake in Creative Dock, allowing Mutumutu to develop its activity. This way, the startup will be able to triple the number of its clients within the next year.
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