The Riverside Company has made a strategic investment in Germany-based insurtech firm ACTINEO, which specialises in providing bodily injury claims services to insurance carriers in the country.
The start-up also offers tech-enabled and data-driven services to the insurance industry.
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At present, the insurtech firm processes and digitalises over 120,000 bodily injury claims per annum. It also develops prediction models for more than 50 insurance companies.
Riverside partner Michael Weber said: “We are beyond excited to partner with founder Mr. Olav Skowronnek and his impressive management team.
“Through its market leading position in Germany and its tech-enabled and data-driven business model, ACTINEO has the potential to become the central hub for bodily injury claims and develop into a key insurtech platform for all major insurance providers.”
ACTINEO founder Olav Skowronnek said: “Riverside is the optimal partner for us since they share ACTINEO’s vision and strategy. Furthermore, Riverside has a strong track record in partnering with founders and management teams and has the operating resources to help us achieve our goals.”
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By GlobalDataThe investment in ACTINEO is part of Riverside’s strategy to invest in software, tech-enabled and data-driven business models.
Until now, Riverside has invested in over 25 companies across the globe.
