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EUR 15 million for Knip’s successor company

14.06.2018 08:06

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Digital Insurance Group was established when Knip and Komparu merged. The Group has now closed by a EUR 15 million funding round co-lead by Zurich Insurance and Finch Capital.

Digital Insurance Group (DIG) acts a technology partner to insurers, banks and brokers. Its data-driven insurance platform enables its customers to roll out fully customized mobile-first insurance experiences at record speed. DIG also works with global banks and other companies that want to offer innovative insurance solutions to their customer base. The company is currently working with clients in multiple countries in Europe and Latin America. DIG is headquartered in Amsterdam, Knip which is a subsidiary company of the group is still registered in Zurich.

Zurich as investor and client
DIG has entered into a multi-year collaboration agreement with Zurich Insurance Group, adding another blue chip name to its customer list. DIG will use its cutting-edge technology stack to support Zurich Insurance in developing innovative mobile solutions that are continually optimized using deep customer data analytics. The commercial agreement is complemented by a EUR 15 million funding round co-lead by Zurich Insurance and Finch Capital to further drive the global growth of the company.

Theo Bouts, CEO of Zurich Insurance Mobile Solution (ZIMS) said: We are excited about this collaboration with DIG, a leading insurtech innovator, to support our digital strategy and capabilities and to ensure we shape the future of insurance. Radboud Vlaar, Partner at Finch Capital said: We are proud to support the incredible team at DIG as they continue to build on their success providing leading digital insurance solutions to their banking, insurance and broker clients in Europe and since 2018 also outside Europe.

(Press release / SK)

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