Allianz has acquired, through its digital investment subsidiary Allianz X, 100% of the capital of the Berlin-based insurtech [4] simplesurance. The amount of the transaction has not been disclosed.
In 2016, the German group acquired a minority stake in the Berlin-based startup. In 2016, the two companies had also concluded a partnership through which simplesurance has been distributing Allianz's insurance products in 28 European countries.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Fallemagne%2Fallianz-to-acquire-german-insurtech-simplesurance&text=Allianz+to+acquire+German+insurtech+simplesurance
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Fallemagne%2Fallianz-to-acquire-german-insurtech-simplesurance&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-194-october-2022
[4] https://www.atlas-mag.net/en/article/what-is-insurtech