Hypoport expands insurtech offering with acquisitions
Berlin-based technology-focused financial service provider Hypoport has acquired software firms Maklersoftware.com and Innosystems as part of a drive to digitise the value chain in the insurance industry. The deal allows Hypoport to offer its customers a price comparison tool for insurance products, as well as advisory software. The value of premiums in the German insurance market is worth an estimated €200bn ($213bn).
DGAP-News: Hypoport AG / Key word(s): Takeover

Hypoport strengthens its market position by acquiring two software companies

from the insurance industry



12.01.2017 / 07:37

The issuer is solely responsible for the content of this announcement.





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---------------------------------------------------------------------------Press releaseAcquisitionsHypoport strengthens its market position by acquiring two softwarecompanies from the insurance industryBerlin, 12 January 2017: Hypoport AG acquired all of the shares inMaklersoftware.com GmbH and Innosystems GmbH on 10 January 2017. Byacquiring these two software companies, Hypoport AG is significantlybolstering its competitive position in the insurtech market. In addition tothe efficient administration of insurance portfolios, the Hypoport Groupcan now offer market participants proven advisory software and acomprehensive price comparison tool for insurance products. Hypoport isthus forging ahead with its strategy of providing integrated solutions forinsurance brokers and helping to digitalise the entire value chain.Digitalisation represents a huge challenge for Germany's insurance market.Until now, collaboration between market participants in the insuranceindustry has mainly been based on a mishmash of outdated and incompatibletechnologies. At the same time, margins in insurance sales are beingsqueezed more and more. There are currently no companies offering end-to-end solutions that are fit for the future.A combination of IT skills, insurance expertise and financial strength isneeded if the integrated digitalisation of insurance sales is to beadvanced. Many small companies offer excellent solutions for individualaspects but are unable to expand them into end-to-end solutions bythemselves. In June 2016, Hypoport acquired NKK AG, a leading provider ofsoftware for the administration of broker portfolios. By acquiringMaklersoftware.com, the Hypoport Group is gaining a solution to support theprovision of non-captive customer advice. Innosystems GmbH is contributingsystems for comparing insurance products. Hypoport is bringing itsinsurtech subsidiaries together under one roof, thereby creating anintegrated range of products for digitalised processes in insurance sales.Integrating the new subsidiaries opens up enormous potential synergies forall partners thanks to the collaboration and broader market access."Hypoport is helping to digitalise the financial services markets. With ourEUROPACE B2B marketplace, we are the market leader in Germany for loan