Assurtech Digital Insure secures enhanced resources from New Alpha Asset Management to become a European leader in borrower insurance

#insurtech #Assurtech #fundraising #borrowerinsurance #providentinsurance #banking #insurance

NewAlpha Asset Management, through its FinTech* fund, makes its first AssurTech investment by leading the fundraising round, jointly with a major global reinsurer, for the benefit of Digital Insure.

Founded in Paris by Fabrice Couturier, Jean Orgonasi, and Richard Thibault, Digital Insure aims to become a European leader in provident AssurTech within 5 years, thanks to a comprehensive digital offering developed since 2013 for individual borrower insurance (ADE) through its subsidiaries:

Distribution:

• BPSIs, founded in 2013, a digital wholesale broker offering individual borrower insurance products fully distributed and managed through paperless processes, disrupting traditional sales cycles
• Accelerassur: an aggregator and comparator, which has become the reference technology hub for borrower insurance players.

Services:

• Multinet Services, a third-party borrower insurance manager, enabling insurers to digitize their back-office and customer relations.

The company will leverage the fundraising to accelerate its growth, invest in new technological innovations, expand its range of products and services, and extend its operations in Europe.

The timing is particularly opportune as all insurance and banking players are working on digitizing their processes: Digital Insure offers an excellent solution already operational with French insurance leaders. Furthermore, the regulatory environment is particularly favorable to individual borrower insurance, a sector in which BPSIs, a Digital Insure subsidiary, has become one of the leaders three years after its launch.

“Our solutions enable our insurer and broker partners to optimize their operational processes, gain responsiveness, and improve the satisfaction of distributor users or end customers, three decisive elements in a competitive environment that will intensify significantly,” state Jean Orgonasi and Fabrice Couturier, co-founders of Digital Insure.

“We were impressed by the strong growth of this Insurtech and the technical expertise of its founders,” states Jonathan Cohen Sabban, Managing Director at NewAlpha Asset Management.

“Digital Insure has demonstrated the effectiveness of its technological, operational, and legal innovations applied to borrower insurance. These are major assets to foster the significant developments expected with the entire ecosystem of insurers – reinsurers – brokers,” adds Lior Derhy, Managing Partner at NewAlpha Asset Management, responsible for Private Equity.

*This fund is reserved exclusively for professional clients as defined by the MiFID Directive.

About NewAlpha Asset Management

NewAlpha Asset Management offers professional investors access to the most innovative and dynamic companies in the financial industry.

NewAlpha Asset Management selects, finances, and supports innovative entrepreneurial projects on behalf of its clients in two sectors: investment fund management and information technologies applied to finance (FinTech and AssurTech).

NewAlpha Asset Management was the most active FinTech Venture Capital investor in France in 2016 and offers its clients active monitoring of technological changes that impact the banking, insurance, and asset management sectors.

A subsidiary of La Française, NewAlpha Asset Management is subject to the regulations of the Autorité des Marchés Financiers (AMF). La Française is controlled by Caisse Fédérale du CMNE and represents one of the CMNE group’s three business lines, Asset Management, alongside Banking and Insurance.

About Digital Insure

Digital Insure, a provident AssurTech company founded in Paris, brings together three companies driven by the same ambition: to accelerate and simplify the subscription and management of borrower and provident insurance contracts thanks to Multinet®, a digital platform for contract subscription and management, featuring broker/client workflows and online medical decision-making. BPSIs was awarded a label by Pôle Finance Innovation in 2014.

Digital Insure and its 50 employees aim to become a leader in provident AssurTech within 5 years through its distribution and service subsidiaries.

Legal Notice

The information provided in this document does not constitute advice, an offer, a solicitation, or a recommendation to invest in specific securities. This press release is intended for professional clients in the United Kingdom and the EU only. It is not intended for retail investors. Published by La Française Finance Services, located at 128, boulevard Raspail, 75006 Paris, France. New Alpha Asset Management obtained approval no. GP-05000001 from the Autorité des marchés financiers on January 20, 2005.

Contacts

NewAlpha AM
Lior Derhy
+331 73 00 73 19 lderhy@newalpha.com

Digital Insure
Virginie Bultey
+331 84 20 11 59 Virginie.bultey@digital-insure.fr

Media

La Française
Caroline Babouillard
+33 (0)1 44 56 10 27 cbabouillard@lafrancaise-group.com