Ominimo

Ominimo Insurance is a Serbian-Hungarian insurtech company that has rapidly emerged as a significant player in the European auto insurance market. Founded in 2024 by former McKinsey consultants and mathematicians Dusan Komar (CEO), Dennis Weinbender, and Laslo Horvath (CTO), the company was established to address the inefficiencies and lack of innovation they observed in the traditional insurance industry. The founders' background in consulting for major financial institutions provided them with insights into how data and technology could be leveraged to overhaul legacy systems and pricing models. Ominimo Insurance is a Serbian-founded and Hungary-headquartered insurtech company that has rapidly emerged as a significant player in the European auto insurance market. Founded in 2024 by former McKinsey consultants and mathematicians Dusan Komar (CEO), Dennis Weinbender, and Laslo Horvath (CTO), the company was established to address the inefficiencies and lack of innovation they observed in the traditional insurance industry. The founders' background in consulting for major financial institutions provided them with insights into how data and technology could be leveraged to overhaul legacy systems and pricing models. The company operates as a managing general agent (MGA), focusing on technology, customer acquisition, and data-driven underwriting, while its policies are underwritten by strategic partners, most notably Zurich Insurance Group. This model allows Ominimo to maintain operational agility and control over the customer experience. Its business strategy emphasizes an omnichannel distribution approach, integrating with price comparison websites, aggregators, and broker networks rather than relying solely on direct-to-consumer marketing. This keeps customer acquisition costs low and meets customers on their preferred purchasing channels. Ominimo's core product is motor insurance, including both mandatory liability and comprehensive (CASCO) plans. The company's key differentiator is its proprietary technology platform, built entirely in-house on a low-code/no-code architecture. This platform utilizes machine learning and analyzes hundreds of data variables—far more than the dozens used by traditional insurers—to calculate highly individualized risk profiles and premiums. This precision allows Ominimo to offer more competitive rates to lower-risk drivers. The company's tech-first approach is reflected in its team composition, with over two-thirds of its employees working in data science and software development, including several international Mathematics Olympiad medalists. The company has demonstrated remarkable growth since its launch. In its first year of operation in Hungary, Ominimo captured a 7% market share, selling over 300,000 policies. By May 2025, it secured a Series A investment from Zurich Insurance Group at a €200 million valuation. A subsequent Series B round in July 2026, led by the European Bank for Reconstruction and Development (EBRD), elevated the company to unicorn status with a valuation of $1.6 billion. Ominimo's annualized gross written premium has surged from approximately €26.3 million in 2024 to over $350 million by mid-2026. Headquartered in Budapest, with a significant tech and data science hub in Serbia, the company has expanded its operations to Poland, the Netherlands, and Sweden. Future plans include entering several other European markets and launching in the United States in 2027. Keywords: insurtech, auto insurance, MGA, managing general agent, AI underwriting, data science, machine learning, European insurance, digital insurance, motor insurance, risk modeling, usage-based insurance, Zurich Insurance, EBRD, Dusan Komar, Laslo Horvath, Dennis Weinbender, Hungary, Poland, Serbia, insurtech unicorn, Series B, low-code platform, CASCO insurance, liability insurance, price comparison, broker networks, fintech