Munich Re has agreed to partner with Simplesurance, a Berlin-based distributor of cross selling software.
The new partnership follows recent deals by the reinsurer with on-demand
Simplesurance and Munich Re will together offer insurance policies to private clients,
“Digitalization is changing the face of the insurance industry, and our partnership with start-ups like simplesurance is a perfect example of the innovative propositions we are developing with digital insurance start-ups and digital verticals,” said Andy Rear, head of Munich Re’s global Digital Partners business unit.
Since its inception in 2012, Simplesurance has operated solely as a broker working with carriers Allianz and New York City-based specialty insurer Assurant. According to Rear, Simplesurance fits well into Munich Re's current tech strategy; working with startups that are "looking to engage customers online through mobile or social media and develop new approaches to insurance products."