Viridium Group

Viridium Group operates as a specialist in the consolidation of life insurance portfolios in Germany. The firm's business model is centered on acquiring and managing closed life insurance portfolios, transferring them from fragmented systems to a single, modern, and scalable business platform. This process is designed to improve the entire value chain, encompassing IT infrastructure, customer service, actuarial services, and asset management.

The company is backed by Cinven, an international private equity firm, which supports its acquisition strategy. All acquisitions of life insurers by Viridium are subject to intensive review by Germany's Federal Financial Supervisory Authority (BaFin), ensuring regulatory compliance. The business model of consolidating life insurance portfolios is established and recognized as a method for the stable and sustainable management of these closed books of business.

Viridium's approach includes a holistic view of sustainability, incorporating environmental and social aspects into its management practices. The company serves the financial services market, specifically targeting life insurance companies looking to offload closed portfolios.

Keywords: life insurance consolidation, portfolio management, asset management, closed life insurance, financial services, BaFin, private equity, actuarial services, business platform, value chain optimization