Insurtech Neodigital has been in operation since April 2018. Since then, policies have been sold in the areas of private liability, pet owner liability, household effects and accidents. To accelerate growth, the young company has launched several funding rounds. Sponsors mainly include large venture capitalists such as Carsten Maschmeyer’s, ALSTIN Capital.
But some insurance companies also participated. For example, Deutsche Rückversicherung AG positioned itself as an investor at an early stage. At the beginning of 2022, another partner was added with HUK-Coburg Holding AG. According to the “Süddeutsche Zeitung” and the specialized portal “Versicherungsmonitor”, the Franconian insurer would have had a participation cost of “well over 20 million euros”.
In September 2022, another insurer joined HDI Versicherung AG. In addition to the participation, both companies wanted to start a joint venture. The intensified cooperation is carried out by the industrial insurer HDI Global. Together, a joint venture was established for the sale of commercial vehicle fleet insurance. This bears the name “hector digital” and acts as a subscriber. The aim is to offer fleet policies through vehicle manufacturers, their finance companies, leasing companies and consumer banks. They could use offers with various digital solutions directly at the point of sale. Another focus will be working with brokers.
“There is currently a lot of movement in the automotive and corporate fleet aggregator insurance industry, which is when it comes to the digital processing, categorization and automation of data, which we are helping to shape. First of all, these are digital processes with a focus on offers and applications, directly at the point of sale, ”explains Stefan Beckmeyer, Head of Motor HDI Global. “We are very pleased to be able to bring our digital influence concentrate from the insurance factory to Hector digital. With the help of our digital technology and know-how, we can automate and scale almost all processes and procedures. huge competitive advantages and cost reduction potential in the complex automotive sector, “said Stephen Voss, CEO of Neodigital.
