About IT Outsourcing Services for Insurance sector in Germany
The IT Outsourcing Services for Insurance sector in Germany comprises 17 companies, including 3 funded companies. Out of these, 8 are Series A+ funded.
IT Outsourcing Services for Insurance sector in Germany has seen 4 acquisitions and 4 IPOs. This represents almost 47.1% of all such companies - which is higher than the 4.0% exit rate of tech companies in general.
This sector includes specialized operational consulting agencies, technical configuration providers, and field engineering service providers delivering expert support tailored for the IT Outsourcing for Insurance environment.
IT Outsourcing Services for Insurance sector is also known as IT Outsourcing for Insurance Technical Services, IT Outsourcing for Insurance Specialized Consulting or IT Outsourcing for Insurance Field Engineering.
Includes field compliance engineering audits, domain-specific technology setup advisors, asset testing logs, and third-party operational optimization reviews for IT Outsourcing for Insurance teams. Excludes general horizontal office accounting tools, generic corporate legal representation, building security guards, and downstream product retail shops.
Top IT Outsourcing Services for Insurance Companies in Germany
There are 17 IT Outsourcing Services for Insurance startups in Germany which include DAVASO, Aok-Systems, Fincon, Sdv, Koenigswege. Out of these, 3 startups are funded, with 8 having secured Series A+ funding.
Here is the list of top IT Outsourcing Services for Insurance startups in Germany
1. DAVASO
Provider of billing and approval management services and digital process automation solutions for the healthcare sector. The company offers software products and information technology services to support administrative workflows and data processing. It facilitates the digitization of documents, electronic signatures, and secure archiving. Additionally, the organization provides technical support and infrastructure services to manage complex business processes and electronic communication.
Key facts about DAVASO
- Founded Year: 1990
- Location: Leipzig (Germany)
- Stage: Acquired
- Investors: Bregal Unternehmerkapital and BU Bregal Entrepreneurial Capital
- Latest Funding Round: PE, 2015, $*****
- Tracxn Score: 38/100 What is this?
2. Aok-Systems
Developer of IT solutions and secure data management systems. They offer software products, focusing on data networking and business intelligence. The company also provides services related to information security, demonstrated by its ISO 27001 certification. A commitment to agile methodologies is evident in their development processes. They actively recruit and engage young talent in the IT field.
Key facts about Aok-Systems
- Founded Year: 1999
- Location: Berlin (Germany)
- Stage: Public
- Tracxn Score: 32/100 What is this?
3. Fincon
Provider of business and IT consulting for the financial industry. The company advises banks, financial groups, and insurance providers on digital transformation. Services include consulting, planning, configuration, implementation, migration, and testing. The company delivers solutions for core and back-office systems, sales systems, and regulatory compliance.
Key facts about Fincon
- Founded Year: 2003
- Location: Hamburg (Germany)
- Stage: Acquired
- Tracxn Score: 28/100 What is this?
- Competitors Rank: 666 of 5,931 Competitors
4. Sdv
Provider of back-office services and support for insurance brokers. This company offers outsourcing solutions for administrative tasks, access to new sales channels, and expert knowledge resources. It enables brokers to focus on client interaction and sales growth while leveraging the provider's expertise and technology. The company operates on a white-label basis, ensuring brokers maintain sole client contact and ownership of their client base. Services include digital platforms for client and contract management, facilitating efficient workflow and streamlined operations.
Key facts about Sdv
- Founded Year: 2009
- Location: Augsburg (Germany)
- Stage: Public
- Tracxn Score: 26/100 What is this?
5. Koenigswege
Provider of independent financial advisory and insurance brokerage services. It offers comprehensive financial planning, including insurance products (health, life, auto, property, and business), retirement planning, investment management, and financing solutions. The firm conducts detailed analyses of clients' existing financial situations to identify areas for improvement and cost savings. A long-term client relationship is emphasized, providing ongoing support and guidance. Clients receive personalized advice tailored to their individual needs and circumstances, utilizing advanced software and comparison tools for optimal product selection. The firm also offers digital tools to help clients manage their financial documents and track important deadlines.
Key facts about Koenigswege
- Founded Year: 2016
- Location: Germany
- Stage: Public
- Tracxn Score: 26/100 What is this?
Companies founded year-on-year in the IT Outsourcing Services for Insurance sector in Germany
3 IT Outsourcing Services for Insurance startups in Germany were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | - |
2020 | - |
2019 | 3 |
2018 | - |
2017 | 1 |
Stage-wise distribution of IT Outsourcing Services for Insurance sector companies in Germany
Out of the total 17 IT Outsourcing Services for Insurance companies in Germany, 3 have secured funding. Among them, 8 have reached Series A or higher, and 8 to Series B or beyond.
Founded - 17
Funded - 3
Series A+ - 8
Series B+ - 8
Series C+ - 8
Company Stage | No. of companies |
|---|---|
Founded | 17 |
Funded | 3 |
Series A+ | 8 |
Series B+ | 8 |
Series C+ | 8 |
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Funding Trends in the IT Outsourcing Services for Insurance sector in Germany
Recent Funding Rounds in IT Outsourcing Services for Insurance in Germany
In the year 2015, till June 2015, IT Outsourcing Services for Insurance companies in Germany have raised equity funding across 1 round.
Here are some recent, important funding rounds in IT Outsourcing Services for Insurance companies in Germany:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
PE | 2187 | 2015 |
Top Investors in IT Outsourcing Services for Insurance in Germany
BU Bregal Entrepreneurial Capital is the top investor in IT Outsourcing Services for Insurance companies in Germany based on number of companies invested.
Here are some top investors in IT Outsourcing Services for Insurance companies in Germany:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Zug (Switzerland) | ||
Munich (Germany) | - | |
Hannover (Germany) |
M&A activity in IT Outsourcing Services for Insurance sector in Germany
In the year 2023, till September 2023, 1 acquisition happened in IT Outsourcing Services for Insurance sector in Germany. Last year, in 2022, a total of 1 acquisition happened in IT Outsourcing Services for Insurance sector in Germany.
Here are some recent, important acquisitions in IT Outsourcing Services for Insurance sector in Germany:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Sep 01, 2023 | ||
Business Acquisition | May 22, 2022 | ||
Business Acquisition | Nov 15, 2021 | ||
Management Buyout | Dec 2017 | ||
Business Acquisition | Dec 2015 |
Acquisition trends in IT Outsourcing Services for Insurance sector in Germany
Here are the acquisition trends in IT Outsourcing Services for Insurance sector in Germany:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | 1 |
2022 | 1 |
2021 | 1 |
2020 | - |
2019 | - |
2018 | - |
2017 | 1 |
