Balance Re raises $10 million

Balance Re , the life reinsurance startup specialized in quantitative asset-liability management, announced it has raised $10 million in Series A funding from Anthemis Group, with participation from Global Brain and the company’s existing investors, Roland Berger Industries GmbH and Talabot Finance.

Balance Re offers reinsurance solutions to life insurance companies and pension funds to support capital management related to their retirement and saving products. The Series A investment will be used to further develop Balance Re’s proprietary asset-liability management technology and to support its fully licensed German reinsurance company based in Cologne.

In Balance Re’s launch market, Germany, Solvency II’s transitional measures represent on average ca. 150 percentage points of life insurers’ solvency capital ratios (source: Assekurata). Balance Re’s technology-first and data-driven approach to reinsurance instead enables its clients to release capital to fund growth, support product repositioning and improve (or regain) a competitive advantage. Thanks to real-time risk management capabilities, Balance Re is the first reinsurer able to offer to its clients easy-to-implement and cost-efficient reinsurance solutions which transfer the challenging interactions of financial and insurance risks.