Allianz X acquires majority stake in ControlExpert

Allianz X has acquired a majority stake in ControlExpert, an automobile claims management platform.

Following the close of the deal, ControlExpert will maintain a its business model and operational autonomy. It will lao keep its name, brand and identity, and continue to offer a range of services to its clients, which includes Allianz Germany.

ControlExpert is an AI-powered claims management platform for the automobile industry. The web app can capture policyholder images which are then augmented with ControlExpert’s data to assess the damage and repair costs, as well as other claim-related information.

ControlExpert managing director Nicolas Witte said, “Our long-standing collaboration with Allianz has demonstrated that we share a common ambition in continuing to drive digitalization and customer-centricity forward. With its wide-ranging expertise and international focus, Allianz will support us in achieving further growth both in Germany and in the global markets.

“In this way, we will take a step closer to realizing our vision of drivers receiving fair compensation for damages on the very same day, anywhere in the world. In the future, it will be possible to handle claims and maintenance processes more quickly and easily, something which all our customers will benefit from.”

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