NewAlpha Asset Management is making its first InsurTech investment via its FinTech fund through a fundraising initiative conducted jointly with a leading global reinsurer on behalf of Digital Insure.
Founded in Paris by Fabrice Couturier, Jean Orgonasi and Richard Thibault, Digital Insure aims to become a leading European InsurTech within five years, specialising in personal protection with a comprehensive digital offering (developed since 2013) in individual loan insurance (ADE) via its subsidiaries:
· BPSIs, created in 2013, digital wholesale broker offering fully distributed individual loan insurance products managed through paperless processes in disruption with traditional sale cycles.
· Accelerassur: aggregator and comparator, which has become the leading technological hub of loan insurance players.
· Multinet Services, loan insurance manager for third parties, which enables insurers to digitalise their back office and customer relationship.
The company is relying on the fundraising to accelerate its growth, invest in new technological innovations, broaden its range of products and services, and expand its business in Europe.
The timing is particularly apt, since all insurance and banking players are working on the digitalisation of their processes: Digital Insure offers a solution of excellence that is already operational among French insurance leaders. Furthermore, the regulatory environment is especially conducive to individual loan insurance, a sector in which BPSIs – a subsidiary of Digital Insure – has become one of the leaders three years after its launch.
“Our solutions enable our insurance and broker partners to optimise their operational processes, become more responsive and improve the satisfaction of their distributor clients and end users; these are three decisive factors in a competitive environment that will become much more pronounced,” said Jean Orgonasi and Fabrice Couturier, co-founders of Digital Insure.
“We were impressed by the strong growth in this Insurtech and by the technical expertise of its founders,” said Jonathan Cohen Sabban, Managing Director at NewAlpha Asset Management.
“Digital Insure has demonstrated the efficiency of its technological, operational and legal innovations as applied to loan insurance. These are major assets fostering the significant developments expected in the entire insurance, reinsurance and brokerage ecosystem,” added Lior Derhy, Managing Partner of NewAlpha Asset Management responsible for Private Equity.