Tech-driven German insurer looking for more investment

(Bloomberg) -- With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial public offering is one path Stefan Knoll, founder and chief executive officer, is considering.

“There’s an opportunity to grow even more in the next three to five years, before the current economic cycle weakens and things get a bit more difficult,” Knoll said in an interview. “We’re looking at multiple options, including an IPO, and are aiming for a solution by the end of the year.”

Knoll wants to use the money to bolster sales and marketing efforts as he seeks to double the number of customers to one million by 2019. ...

... "Tech-driven German insurer looking for more investment" on 21.06.2018: