Allianz X acquires simpleinsurance

Allianz X, the digital investment arm of insurance giant Allianz, is to acquire embedded insurance pioneer simplesurance GmbH.

Allianz says the Berlin-based insurtech has become one of the leading providers of embedded insurance. It focuses on fast-moving ecosystems like mobility, ecommerce, travel, fintech and banking and boasts the likes of N26, heycar and OnePlus among its existing customers.

Whilst thought leaders like Nigel Walsh and Sabine VanderLinden have been positioning "embedded insurance" as an emerging disruptive theme for several years, it has now hit the main stream - it is a hot topic!

Some expect the embedded market to be worth as much as US$700bn by 2030.

Source: Insurtech