ARQIS has accompanied the second round of financing at Neodigital Versicherung AG, a digital property and casualty insurer from Neunkirchen, on the side of the old investors, coparion and the SchneiderGolling Group.
ALSTIN Capital, the venture capital fund of Mr. Carsten Maschmeyer, and Deutsche Rückversicherung AG invested. The parties have agreed not to disclose the amount of the investment.
Neodigital was founded as a consistently digitized insurance company in 2016 by Dirk Wittling and Stephen Voss and was the first completely digital insurance with a BaFin license in the German market. With market-leading digital processes and an individually configurable insurance module, Neodigital offers the market an Insurance-as-a-Service model that is unrivalled in terms of modularity and performance. As an insurer, Neodigital works with a high degree of automation in day-to-day operations and in claims processing. But also through digital end-to-end communication, Neodigital is a pioneer in a market that is often only oriented towards new business and is recommended as an alternative to pure portfolio management systems. With Neodigital, market participants can quickly and easily develop their own fully digitized insurance products and bring them to the market immediately. In order to catch up with the digital backlog, the insurance industry in Germany will be even more dependent on digital as-a-service solutions in the future.
ARQIS Advisors to Investors (SchneiderGolling and coparion)
were Dr. Jörn-Christian Schulze (Picture), Nima Hanifi-Atashgah, Kamil Flak (all Corporate/M&A), Dr. Mirjam Boche (M+A/Insurance Law).
Law Firms: Arqis;