Munich General Insurance Services
Digital data provision for the insurance industry.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
N/A | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2020 | 2021 | 2022 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 252 % | 8 % |
| EBITDA | 0000 | 0000 | 0000 |
| % EBITDA margin | (787 %) | (221 %) | - |
| Profit | 0000 | 0000 | 0000 |
| % profit margin | (792 %) | (3 %) | (194 %) |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Munich General Insurance Services GmbH, operating under the brand name mobilversichert, serves the German insurance market as a B2B transaction platform. Founded in 2014 by Manuel Ströh, the company was established to provide digital solutions for insurance intermediaries. Ströh identified a need for advanced technology in insurance sales and laid the groundwork for the firm's digital sales platform.
The company's journey includes a significant milestone in February 2019, when it was acquired by PRINAS MONTAN GmbH, a subsidiary of Degussa Bank. This partnership was aimed at expanding the company's technological offerings and fostering growth. Founder Manuel Ströh departed as CEO in May 2020 to pursue new projects but remained in an advisory capacity. Following the acquisition, mobilversichert expanded its services and management team. A further change in ownership occurred in August 2023, when mv Services GmbH, led by then-CEO David Scheuermann, acquired 100% of the shares from PRINAS MONTAN in a management buy-out. Scheuermann, who joined as a managing director in November 2021 and became CEO in July 2022, has been responsible for the company's strategic direction since.
The core of the business is a SaaS platform that digitizes and automates workflows for insurance brokers, functioning as a broker management program. It provides a digital infrastructure for managing new business, client portfolios, and existing contracts. The platform is designed for brokers and insurance companies, offering them a marketplace to connect and exchange information directly. For end-customers, mobilversichert offers a free mobile app that acts as a digital interface to their insurance broker. This B2B2C approach allows policyholders to manage all their insurance policies from various companies in one central, secure location, report claims, and communicate with their broker. The business generates revenue through its price models for the broker management program.
The platform's key features include centralized customer and contract data management, a system-integrated comparison calculator for finding offers, and secure document handling on German servers in compliance with GDPR. It provides brokers with a back-office-to-go, with both online and offline access to client data. With a team size of 11-50 employees, the company operates from its headquarters in Munich, Germany.
Keywords: InsurTech, broker management platform, B2B insurance, digital insurance, SaaS, insurance sales platform, policy management, client management software, insurance comparison calculator, German insurance market, mobilversichert, Munich General Insurance Services, digital brokerage, insurance data management, broker software, agent platform, policy administration, insurance marketplace, financial services platform, customer relationship management for insurance