Otherwise is a full-digital collaborative B2C insurance provider offering an innovative cashback model to policyholders. Otherwise manages the whole insurance value chain:
• Insurance products designing with a cashback model
• Full-digital distribution (direct and via APIs) and customer relationship management
• Claims management
• Constant product adjustments through data science
Otherwise has already designed 3 in-house products based on this full-digital collaborative model: health, pets and car insurance.

By reinvesting in this round alongside new strategic investor Mutualia, historical investors including 360 Capital renew their confidence in the company. Otherwise will keep up the rapid growth of its customers basis and gross written premium.