Ominimo
Series B
AI-powered digital motor insurer offering personalized MTPL and Casco coverage across Europe.
Founded
2024AI-powered digital motor insurer offering personalized MTPL and Casco coverage across Europe.
Ominimo's core offering is fully digital motor insurance: mandatory third-party liability (KGFB/MTPL) and comprehensive Casco cover sold online across several European markets. Customers receive personalized quotes, select package tiers, and manage policies through web and mobile channels backed by partner risk carriers such as SIGNAL IDUNA and Zurich's DA Direkt.
The product stack targets retail auto owners seeking faster quote-to-bind journeys than traditional carriers while retaining regulated coverages required for road use. Expansion plans include additional EU markets and a U.S. launch after the 2026 Series B.
Ominimo plans to expand from Hungary and Poland into six additional EU markets and to enter the United States within 12 months. It distributes policies through its own websites, comparison sites, and brokers, and intends to add new insurance categories beyond motor while pursuing its own insurance licence.
The additional geographic scale is expected to drive premium volume, deepen data feedback loops for the company's machine-learning pricing models, and support the path toward a standalone insurance licence.
Ominimo prices motor risk with highly granular machine-learning models that score millions of unique driver profiles rather than broad demographic buckets, which supports lower premiums for safer drivers while protecting underwriting margins. Combined ratios reported near or below 100 percent at high growth distinguish it from many growth-first insurtechs.
A cloud-native microservices platform engineered in Serbia lets the company enter new markets by deploying localized configuration rather than rebuilding systems. Omnichannel distribution through comparison sites, brokers, and direct digital channels keeps acquisition costs low relative to pure direct marketing.
Premiums are individualized using hundreds of driver and vehicle data points processed by gradient-boosting models, instead of averaging risk across coarse segments. Mandatory liability and Casco packages let customers choose coverage breadth, with optional add-ons such as assistance that many drivers elect when traveling more.
The company emphasizes low operating overhead from digital distribution and lean offices, so cost savings can flow into more competitive quotes. Bank-card payment and fully online issuance complete purchases in minutes after a short questionnaire.