Getsafe, a German-based insuretech, has launched its U.K., business, where it will offer app-based contents insurance through a U.K. subsidiary and partnership with Hiscox. The firm said the U.K. launch will kick off a larger plan to grow the business across Europe. 

Getsafe said the insurance, known in the U.S. as renter's insurance, will be offered through a subsidiary firm that it has established in the U.K., meaning the business will not be hurt by the upcoming Brexit withdrawal from the EU.

"Getsafe acts as a platform with multiple carriers, including Munich Re and AXA, providing the capacity in the background," Christian Wiens, founder and CEO of Getsafe said in a company release. "With Hiscox, we have a renowned carrier for our UK content product at our side and we are pleased to be working with them."

The company plans to continue expanding starting in the next few months and will eventually be active in all major European markets. The firm also is expanding its range of insurance products, with plans to add the first fully digital life insurance policy in Germany later this year.

Cover image: Getsafe