Hypoport SE
Hypoport strengthens its market position by acquiring two software companies from the insurance industry
DGAP-News: Hypoport AG / Key word(s): Takeover Press release Acquisitions Hypoport strengthens its market position by acquiring two software companies from the insurance industry Digitalisation represents a huge challenge for Germany’s insurance market. Until now, collaboration between market participants in the insurance industry has mainly been based on a mishmash of outdated and incompatible technologies. At the same time, margins in insurance sales are being squeezed more and more. There are currently no companies offering end-to-end solutions that are fit for the future. A combination of IT skills, insurance expertise and financial strength is needed if the integrated digitalisation of insurance sales is to be advanced. Many small companies offer excellent solutions for individual aspects but are unable to expand them into end-to-end solutions by themselves. In June 2016, Hypoport acquired NKK AG, a leading provider of software for the administration of broker portfolios. By acquiring Maklersoftware.com, the Hypoport Group is gaining a solution to support the provision of non-captive customer advice. Innosystems GmbH is contributing systems for comparing insurance products. Hypoport is bringing its insurtech subsidiaries together under one roof, thereby creating an integrated range of products for digitalised processes in insurance sales. Integrating the new subsidiaries opens up enormous potential synergies for all partners thanks to the collaboration and broader market access. “Hypoport is helping to digitalise the financial services markets. With our EUROPACE B2B marketplace, we are the market leader in Germany for loan brokerage and are striving to achieve this position in the insurance market too,” says Ronald Slabke, Chief Executive Officer of Hypoport AG. Stephan Gawarecki, member of the Management Board responsible for establishing the insurtech activities, adds: “The volume of premiums in the German insurance market amounts to EUR200 billion per year. We believe the digital revolution in this market offers huge potential and we are continuing steadfastly with our strategy of acquisitions aimed at strengthening our market position.” Information on Hypoport AG
Contact Hypoport AG
12.01.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Hypoport AG |
Klosterstraße 71 | |
10179 Berlin | |
Germany | |
Phone: | +49/30 42086-0 |
Fax: | +49/30 42086-1999 |
E-mail: | ir@hypoport.de |
Internet: | www.hypoport.de |
ISIN: | DE0005493365 |
WKN: | 549336 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |