Allianz X

Allianz X, established in Munich, Germany in 2013, is a digital investment unit of the Allianz Group. It focuses on investing in late-stage digital growth companies operating within insurance-related ecosystems such as mobility, connected property, health, wealth management, retirement, and data intelligence & cybersecurity.

Nazim Cetin

CEO

Carsten Middendorf

Chief Investment Officer

Johannes Walder

Investment Manager

Philip Wieland

Senior Manager and Managing Director

Past deals in Insurance

Openly

Debt Financing in 2025
Openly is an insurance company specializing in homeowners insurance and related property and casualty coverage, sold through independent agents. Founded in 2017 and headquartered in Boston, Massachusetts, it began as a managing general agent and later became a full insurance carrier. Openly uses technology-enabled underwriting and policy servicing to deliver homeowners coverage through its network of independent agents.

Next Insurance

Series F in 2023
Founded in 2016, Next Insurance is a technology-driven online insurance agency specializing in small businesses. It offers a range of business insurance products, including general liability, professional liability, commercial auto, and workers' compensation, serving various sectors such as contractors, fitness, cleaning, and education. The company uses technology to streamline claims investigation, aiming for transparency within 48 hours.

The Innovation Group

Acquisition in 2022
The Innovation Group (Pty) Limited, founded in 1981 and based in Johannesburg, South Africa, specializes in providing services aimed at protecting and enhancing brand loyalty and customer retention. The company primarily serves the automotive industry, banks, financial institutions, insurers, and brokers. It offers business process outsourcing and claims management software that helps clients reduce costs and improve operational efficiency. This software provides valuable data insights to inform strategic decisions and enhance underwriting performance. The Innovation Group also manages critical incidents for leading insurers, brokers, and fleet managers, along with warranty and service plan provisions for various original equipment manufacturers and automotive dealerships worldwide. The company has regional offices in Namibia and Claremont, South Africa, and operates as a subsidiary of The Innovation Group Limited.

simplesurance

Acquisition in 2022
Simplesurance GmbH, founded in 2012 and headquartered in Berlin, Germany, specializes in developing cross-selling software solutions for e-commerce platforms. The company's technology integrates into the checkout processes of online shops, enabling customers to purchase both products and corresponding insurance simultaneously. This innovative approach allows e-commerce retailers to monetize customer transactions more effectively, boosting their margins and profitability. Simplesurance's offerings include a digital broker service that allows users to manage their insurance conveniently via smartphones, ensuring a fully paperless experience. With over 2,000 partners, including prominent e-commerce platforms and electronic manufacturers, Simplesurance is recognized for its flexible and efficient solutions that enhance the intersection of traditional insurance and digital commerce. The company also maintains an additional office in Tokyo, Japan.

Pie Insurance

Series D in 2022
Pie Insurance is a technology-enabled workers’ compensation insurer that provides online coverage to small businesses. The company uses high-quality data sets and analytics to segment and price policies, assess risk, and pass savings to owners, supported by an online experience and a price predictor that estimates risk profiles and pricing. It began selling policies in 2018 and is based in Washington, DC, led by co-founder and CEO John Swigart. Pie targets small and medium-sized enterprises, aiming to increase transparency in coverage and empower business owners to make informed purchasing decisions. The business emphasizes straightforward, data-driven underwriting and seeks to expand through strategic initiatives to offer scalable workers’ comp solutions via a digital platform.

Coalition

Series F in 2022
Coalition provides comprehensive insurance coverage and proactive cybersecurity tools to manage and mitigate cyber risks for businesses across various industries. Backed by leading global insurers, Coalition offers its services in the US and Canada, with a global workforce operating from digital hubs worldwide.

Pie Insurance

Series C in 2021
Pie Insurance is a technology-enabled workers’ compensation insurer that provides online coverage to small businesses. The company uses high-quality data sets and analytics to segment and price policies, assess risk, and pass savings to owners, supported by an online experience and a price predictor that estimates risk profiles and pricing. It began selling policies in 2018 and is based in Washington, DC, led by co-founder and CEO John Swigart. Pie targets small and medium-sized enterprises, aiming to increase transparency in coverage and empower business owners to make informed purchasing decisions. The business emphasizes straightforward, data-driven underwriting and seeks to expand through strategic initiatives to offer scalable workers’ comp solutions via a digital platform.

simplesurance

Debt Financing in 2020
Simplesurance GmbH, founded in 2012 and headquartered in Berlin, Germany, specializes in developing cross-selling software solutions for e-commerce platforms. The company's technology integrates into the checkout processes of online shops, enabling customers to purchase both products and corresponding insurance simultaneously. This innovative approach allows e-commerce retailers to monetize customer transactions more effectively, boosting their margins and profitability. Simplesurance's offerings include a digital broker service that allows users to manage their insurance conveniently via smartphones, ensuring a fully paperless experience. With over 2,000 partners, including prominent e-commerce platforms and electronic manufacturers, Simplesurance is recognized for its flexible and efficient solutions that enhance the intersection of traditional insurance and digital commerce. The company also maintains an additional office in Tokyo, Japan.

BIMA

Venture Round in 2020
BIMA offers a range of healthcare services, including telemedicine, health screening, and personalized health programs. The company aims to make healthcare accessible and affordable in emerging markets by leveraging technology. BIMA's vision focuses on empowering individuals to take control of their health while providing comprehensive insurance options.

ControlExpert

Acquisition in 2020
ControlExpert GmbH is a German-based software company established in 2002, specializing in SaaS platforms for streamlining automotive claims management processes. They serve a diverse clientele including insurance companies, service providers, leasing firms, glass partners, and automotive manufacturers across Europe, North America, and Asia. Their suite of products, such as AutoCheck, ExpertiseCheck, GlassCheck, InvoiceCheck, MobileCheck, TowingCheck, EasyClaim, SpeedCheck, PostMaster, GuaranteeCheck, FleetControl, Cockpit, and QuickRKÜ, facilitate verification, processing, and settlement of claims through digital platforms. These tools enable real-time reporting, digital communication among parties involved, and efficient handling of warranty cases and fleet maintenance repairs.

SDA SE

Venture Round in 2019
Founded in 2016, SDA SE operates an open-source platform that enables insurance companies to quickly set up reliable, modular service platforms. It facilitates integration of existing IT systems and processes, onboarding of external partners, while ensuring complete ownership of data and analytics.

Quantemplate

Series B in 2019
Quantemplate is a cloud-based analytics platform for the insurance industry that enables users to ingest raw data, cleanse and harmonize it, and perform analysis using machine-learning powered tools. The platform supports data integration, cleansing, mapping and preparation, and includes capabilities for catastrophe modeling, pricing, bordereaux management, and performance analysis, helping insurers and reinsurers automate operations and derive actionable insights. By importing internal data sets and applying AI-driven models, it supports underwriting, reporting, and digital transformation across wholesale and reinsurance activities. Headquartered in London with offices in New York and Gibraltar, Quantemplate serves clients seeking more efficient data workflows and data-driven decision making.

Abracar

Series A in 2018
Abracar GmbH, established in Munich, Germany, in 2016, specializes in facilitating private car trading via its online platform. The company offers comprehensive services for car sellers, including professional vehicle appraisals, high-quality photography, attractive listing creation, potential buyer filtration, price negotiation assistance, and contract preparation. For buyers, Abracar provides access to expert reports, Allianz warranty options, financing solutions, and consultative support throughout the process. As a subsidiary of Allianz SE, Abracar operates with a focus on safety, transparency, and efficiency in private car trading.

AUTO1 Fintech

Venture Round in 2018
AUTO1 Fintech is a digital platform offering instant financing and insurance products to automobile dealerships buying and selling used vehicles via AUTO1.

BIMA

Series D in 2017
BIMA offers a range of healthcare services, including telemedicine, health screening, and personalized health programs. The company aims to make healthcare accessible and affordable in emerging markets by leveraging technology. BIMA's vision focuses on empowering individuals to take control of their health while providing comprehensive insurance options.

BIMA

Secondary Market in 2017
BIMA offers a range of healthcare services, including telemedicine, health screening, and personalized health programs. The company aims to make healthcare accessible and affordable in emerging markets by leveraging technology. BIMA's vision focuses on empowering individuals to take control of their health while providing comprehensive insurance options.

Lemonade

Corporate Round in 2017
Lemonade, Inc. is an innovative insurance company that provides a range of insurance products in the United States and Europe, including homeowners, renters, and landlord insurance. Founded in 2015 and headquartered in New York, the company utilizes artificial intelligence and behavioral economics to streamline the insurance process, eliminating traditional brokers and paperwork. By employing advanced technology, Lemonade offers instant service and sets competitive rates for its policies. The company also acts as an agent for other insurance providers, further expanding its offerings. With a commitment to social good, Lemonade aims to transform the insurance industry by prioritizing transparency and efficiency.

simplesurance

Venture Round in 2017
Simplesurance GmbH, founded in 2012 and headquartered in Berlin, Germany, specializes in developing cross-selling software solutions for e-commerce platforms. The company's technology integrates into the checkout processes of online shops, enabling customers to purchase both products and corresponding insurance simultaneously. This innovative approach allows e-commerce retailers to monetize customer transactions more effectively, boosting their margins and profitability. Simplesurance's offerings include a digital broker service that allows users to manage their insurance conveniently via smartphones, ensuring a fully paperless experience. With over 2,000 partners, including prominent e-commerce platforms and electronic manufacturers, Simplesurance is recognized for its flexible and efficient solutions that enhance the intersection of traditional insurance and digital commerce. The company also maintains an additional office in Tokyo, Japan.

Abracar

Seed Round in 2017
Abracar GmbH, established in Munich, Germany, in 2016, specializes in facilitating private car trading via its online platform. The company offers comprehensive services for car sellers, including professional vehicle appraisals, high-quality photography, attractive listing creation, potential buyer filtration, price negotiation assistance, and contract preparation. For buyers, Abracar provides access to expert reports, Allianz warranty options, financing solutions, and consultative support throughout the process. As a subsidiary of Allianz SE, Abracar operates with a focus on safety, transparency, and efficiency in private car trading.

Quantemplate

Series A in 2015
Quantemplate is a cloud-based analytics platform for the insurance industry that enables users to ingest raw data, cleanse and harmonize it, and perform analysis using machine-learning powered tools. The platform supports data integration, cleansing, mapping and preparation, and includes capabilities for catastrophe modeling, pricing, bordereaux management, and performance analysis, helping insurers and reinsurers automate operations and derive actionable insights. By importing internal data sets and applying AI-driven models, it supports underwriting, reporting, and digital transformation across wholesale and reinsurance activities. Headquartered in London with offices in New York and Gibraltar, Quantemplate serves clients seeking more efficient data workflows and data-driven decision making.
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