Hedvig reports 28% growth and improved results
AI innovation reduces costs. New share issue increases capacity.
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Digital consumer insurer
hedvig.comLast updated
In short: Hedvig grew 28%, reached 200,000 members, raised funds, but faced marketing criticism.
AI innovation reduces costs. New share issue increases capacity.
The premium volume rose to 336.4 MSEK and the result improved significantly. Hedvig improved claims handling and initiated collaborations with SEB and car dealers.
The report shows an increase in premium income to over SEK 237 million as well as a new share issue of SEK 333 million. Hedvig also terminates operations in Norway and Denmark.
The funding round was led by Anthemis and will support Hedvig's launch in a fourth market outside the Nordics. The company focuses on insurance for younger generations.
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