Market
Insurtech in Germany
24 companies · 113 stories · $180.4M disclosed
Insurtech Daily tracks 24 insurance and insurtech companies headquartered in Germany — 9 insurers, 9 insurtechs and 3 technology vendors, across 113 stories going back to Aug 5, 2024. Between them they have disclosed $180.4M across 3 funding rounds, the largest wefox's $163.1M. Every figure is compiled from the coverage on this page.
Funding
| Company | Stage | Lead investor | Source | ||
|---|---|---|---|---|---|
| wefox | $163.1Mas reported: €151M | Growth | — | FintechNews CH+3 | |
| Baobab Insurance | $13.0Mas reported: €12M | — | — | EU-Startups | |
| Afori | $4.3Mas reported: €4M | — | — | FinTech Global+1 |
Every round is listed with its reporting in the funding tracker, and totals across all markets in the company ranking.
Companies
| Company | Type | Based | Stories | Disclosed |
|---|---|---|---|---|
| Allianz | Insurer | Munich | 37 | — |
| Munich Re | Reinsurer | Munich | 18 | — |
| wefox | Insurtech | Berlin | 8 | $163.1M |
| ERGO | Insurer | Düsseldorf | 8 | — |
| Friendsurance | Insurtech | Berlin | 6 | — |
| HDI Global | Insurer | Hannover | 5 | — |
| Darag | Insurer | — | 4 | — |
| Hannover Re | Reinsurer | Hannover | 4 | — |
| adesso | Technology vendor | Dortmund | 3 | — |
| Feather | Insurtech | Berlin | 3 | — |
| Munich Re Specialty | Insurer | Munich | 3 | — |
| Neodigital | Insurer | — | 3 | — |
| omni:us | Insurtech | Berlin | 3 | — |
| Afori | Insurtech | — | 2 | $4.3M |
| Companjon | Insurtech | — | 2 | — |
| Panda Insurtech | Insurtech | — | 2 | — |
| Baobab Insurance | Insurtech | Berlin | 1 | $13.0M |
| bsurance | Insurtech | Berlin | 1 | — |
| CLARK | Broker | Frankfurt | 1 | — |
| Cleversoft | Technology vendor | — | 1 | — |
| Conlio | Technology vendor | — | 1 | — |
| DR-WALTER | Insurer | — | 1 | — |
| Talanx | Insurer | Hannover | 1 | — |
| W&W Group | Insurer | — | 1 | — |
Coverage
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Chrysalis cuts wefox stake by a third, citing debt default risk
wefox’s performance over the period continued to be driven by TAF, its Dutch term-life insurance business.
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Allianz Commercial Launches Direct Underwriting Syndicate at Lloyd’s
Allianz Commercial announced plans to launch a new direct underwriting syndicate at Lloyd’s — Allianz Commercial Syndicate 1893 — which is expected to begin trading from Jan. 1, 2027. The new syndicate will give Allianz…
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German AI startup Conlio raises €6.4 mn to automate freight finance
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Allianz Ireland offers home insurance quotes through ChatGPT
The move follows Allianz’s earlier rollout of Allianz Concierge, a ChatGPT app in Germany that supports insurance inquiries and quotes, including pet insurance.
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TUI stock extends Allianz partnership with digital focus
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Munich Re and Africa Finance Corporation launch $1bn managed debt mobilisation programme
Global reinsurance group Munich Re has partnered with Africa Finance Corporation (AFC) to launch a US$1 billion Unfunded Managed Debt Mobilisation Program (UMDMP), delivering a programmatic credit risk-sharing facility…
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Allianz puts its name on an Olympic venue for the first time in Games history
It adds a prominent presence to the insurer’s longstanding partnership
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Allianz, Hartford on scaling AI: Set data standards first
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Munich Re raises 2026 profit guidance to €6.6bn on strong preliminary Q3 results
Global reinsurer Munich Re has reported a preliminary net profit of approximately €1.7 billion for Q3 2026, driven by a “very pleasing” operating performance across all business segments, below-average major-loss…
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Deutsche Bahn captive exits reinsurance market with DARAG legacy deal
DVA Reinsurance dac hands 17 years of third-party liability to legacy acquirer as Deutsche Bahn subsidiary plans full exit from the reinsurance market
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Allianz UK secures capacity deal with digital insurance broker
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DARAG completes portfolio transfer from Deutsche Bahn captive DVA Re
Legacy acquirer DARAG Group has completed the transfer of third-party liability reinsurance portfolio from DVA Reinsurance dac (DVA Re), a captive reinsurance vehicle of German mobility and rail logistics group Deutsche…
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Panda Insurtech adds pet insurance app to ChatGPT
The app is developed by PANDA InsurTech GmbH.
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Panda Insurtech adds pet insurance app to ChatGPT
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Allianz Partners launches travel insurance platform for banks and loyalty programs
The tech is designed to support reusable integrations and expansion into additional products and industries.
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Ledgebrook raises $200 mn to expand AI insurance underwriting led by Allianz X
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Average business interruption claim now 70% larger than property damage: Allianz
The insurer's data shows BI claim severity rising more than 30% annually, with fire and supply chains driving losses
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Ledgebrook secures $200m equity financing, gets multi-year Allianz reinsurance
AI-native specialty insurance platform, Ledgebrook, has successfully raised $200 million in primary equity financing, co-led by Allianz X and Rockefeller Capital Management, and has also agreed a multi-year reinsurance…
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$200m raise: Ledgebrook secures funding co-led by Allianz X and Rockefeller Capital Management
Specialty insurance company Ledgebrook has raised $200m in primary equity financing, co-led by Allianz X and Rockefeller Capital Management, with participation from existing investors. Separately, Allianz Re has agreed…
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Ledgebrook secures $200 million in Allianz X-led primary equity financing, agrees Allianz Re reinsurance deal
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Allianz names new CEOs for Allianz Partners and Allianz Direct
The appointments support Allianz’s Connected Platforms strategy.
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Leadership changes made at Allianz Partners and Allianz Direct
Allianz Group, the global insurance and financial services provider, is changing the leadership of Allianz Partners and Allianz Direct. The appointments follow Tomas Kunzmann’s appointment to the Allianz SE Board of…
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Parametrix hires Tresa Stephens from Allianz as Head of US Underwriting
Parametrix, a provider of parametric insurance solutions for digital infrastructure and technology risks, has appointed Tresa Stephens as Head of US Underwriting to lead its US Cyber and Tech E&O underwriting expansion.…
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Insurance moves: Antares, HIVE, Santam Syndicate and HDI Global
HIVE hires Sompo's Richard Brown to launch property D&F as Santam Syndicate 1918 names a COO from Volante
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ERGO NEXT chief Guy Goldstein takes new AI role on ERGO board
Goldstein keeps running the US small business insurer as Munich Re's primary insurance arm creates a board-level AI seat and its digital chief departs
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Guy Goldstein joins Munich Re’s primary subsidiary, ERGO as Chief AI Officer
Ergo Group AG, the primary insurance subsidiary of Munich Re, has appointed Guy Goldstein to a newly created role of Chief Artificial Intelligence Officer (CAIO) on its Management Board, effective 1 October 2026. In his…
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DARAG to transfer two insurance portfolios to UK carrier DIUK
Legacy acquirer DARAG Group has received approval from the High Court of Justice, part of the senior courts of the United Kingdom, to transfer two insurance portfolios to its UK carrier, DARAG Insurance UK Limited…
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Markets/Coverages: Munich Re Specialty Launches in Italy’s Primary Specialty Market
Munich Re Specialty announced it will offer commercial solutions in the Italian primary specialty insurance market, with its Italian headquarters in Milan. Munich Re Specialty intends to provide solutions to a range of…
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Holistic, enduring partnerships key as reinsurance capital grows: Hannover Re’s Althoff
As reinsurance capital is more abundant and client needs become increasingly complex, cedents are looking for holistic, enduring partnerships built on predictability and aligned profitability, Sven Althoff, Member of…
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Munich Re Specialty enters Italian market with construction, property, and surety
Munich Re Specialty is entering the Italian primary specialty insurance market, its fifth European country launch in as many years, with first risks expected to be underwritten in early 2027.
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Insurance moves: Nirvana, Peach, Vontobel, HF, Darag and Liberty Specialty
Nirvana adds an experienced cyber lead as Liberty Specialty and Darag also make senior hires
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Insurance moves: Skyline Public, Marsh, Smart Choice, HDI and Verisk
They include a new VP of AI strategy and a new CMO
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Allianz UK expands digital financial lines offering
The insurer says the change has reduced referrals and contributed to a 15% increase in its quote rate.
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Nina Arquint named President, Commercial, EMEA of Allianz Commercial and AGCS
Allianz Commercial, the corporate insurance division of Allianz Group, has announced the appointment of Nina Arquint as President, Commercial, Europe, Middle East and Africa (EMEA) of Allianz Commercial and Allianz…
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‘Flight to quality’ creates opening for HDI Global’s US push: CEO
Cyber and casualty are central to the expansion plans, but Shadi Albert says profitable growth and disciplined underwriting will guide the strategy
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Insurance moves: Windward Risk, Hannover Re US, Ameritas, Sunstar, Ames & Gough, Amica, more
Eight appointments span Florida homeowners carriers, life reinsurance pricing, cyber underwriting, agency integration and claims leadership. The common thread is carriers and brokerages filling roles that sit closest to…
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Munich Re to acquire cyber insurtech At-Bay for $575 mn
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AM Best places At-Bay under review with positive implications amid Munich Re acquisition
Credit ratings agency AM Best has placed At-Bay Specialty Insurance Company (ABSIC) under review with positive implications following the recently announced acquisition of its parent company, At-Bay, Inc., by Munich Re…
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Munich Re Group to Acquire Cyber Insurtech At-Bay
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Munich Re’s $575m bet on the SME cyber risk gap
The 40 most recent of 113 stories naming a company based in Germany.