Neodigital launches new car insurer in Germany

Neodigital is starting the joint venture “Neodigital Autoversicherung AG” with HUK-COBURG and will be offering digitized motor vehicle insurance in Germany in the coming weeks. The Federal Financial Supervisory Authority (BaFin) has granted the joint venture permission to operate a motor insurance company.

Neodigital’s special competence lies in digitizing insurance products, processes and services and developing scalable insurance models in the shortest possible time. Neodigital will also quickly, flexibly and individually align its range of offers in the automotive segment to the customers. The digital focus is supplemented by the many years of know-how of HUK-COBURG, Germany’s largest motor vehicle insurer. A special feature of the new insurance cover will be a future telematics capability in order to be able to offer a highly individual and best possible insurance cover with appropriate data evaluation.

“With a completely digital car insurance, we will soon be offering insurance customers in Germany a completely new and state-of-the-art range of products, with which we are laying the foundations for further innovations in the car insurance sector,” explains Stephen Voss, Board Member for Sales and Marketing Neodigital Versicherung AG.

“We stand for complete digital and online-supported management of all contracts and are characterized by a high degree of automation in the processing of our products. Our partner, HUK-COBURG, complements our approach perfectly and stands for high price and service quality as well as many years of expertise in motor vehicle insurance. Both paired not only offer the customers, but also the agents and consultants new digital products and solutions that cannot yet be found on the market,” adds Voss

“The joint venture between Neodigital and HUK-COBURG will be groundbreaking for the German insurance industry, as Neodigital’s digital expertise with new technologies and HUK-COBURG’s decades of experience as one of the industry leaders come together and pave the way for many more digital innovations in in this highly exciting market segment.”