The industry initiative InsurLab Germany was founded in 2017 by the city of Cologne, IHK Köln, Universität zu Köln, TH Köln, established insurance companies and startups. Cologne has been known as one of the most important and innovative locations for insurance in Germany. The arrival of InsurLab Germany further supports the city’s claim to be the leading Insurance Hub for Germany and at the forefront of the digital revolution in the insurance and reinsurance market.
The aim of InsurLab Germany is to promote innovation and digitalisation in the insurance industry in order to actively shape the future of the industry with new impulses and new ways of working. In the Digital Hub Initiative set up by the Federal Ministry of Economics and Energy, InsurLab Germany forms the InsurTech competence location in Cologne. The future success of the German and international insurance industry will, of course, largely be based on its ability to evolve along with the wider global economy and respond to the fast-changing needs of its personal and commercial customers not least through the adoption of the latest technology fostered within InsurLab. Among the members are many well-known insurance companies, universities, leading service providers and startups.