Private equity firm TA Associates has made strategic investments in Swiss health and property and casualty (P&C) insurance software provider Adcubum, and tech11, a Germany-based insurance software provider.
Founded in 1997, Adcubum offers a broad array of modules through its core insurance software platform Syrius. The platform supports insurance processes, including policy administration, quotation, pricing, claims management and settlements, collections and disbursements, as well as partner and commission management
tech11 offers a holistic, digital P&C core insurance platform designed to help insurance companies and managing general agents (MGAs) meet the complexities of digitalisation in the insurance industry.
Stefan Dandl, a principal at TA, said, “Given their complementary expertise and resources, Adcubum and tech11 offer a compelling opportunity for innovation and growth. We look forward to working with the management teams to create an industry-leading player in the health and P&C segments across Europe.”
Pierre Dubosq, co-founder and managing director, tech11, said, “Since our founding, we have focused on helping customers modernise their core insurance systems and realise greater efficiencies by fully automating the P&C insurance business. With TA’s support and in combination with Adcubum, we will look to bring our scalable insurance platform to additional health and P&C carriers in Germany and across Europe.”
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