Digital Insure Announces a Majority Stake Acquisition in So-soft Company

Digital Insure announces a majority stake acquisition in the So-Soft startup, to which it also provides strategic, commercial, and technological support. Through this acquisition, Digital Insure, a member of FrenchTech 120 since last January, affirms its growth and development ambitions. So-Soft remains an independent entity, led and managed by its founder, Martin Givelet.

The So-Soft application is a new generation ‘marketplace’ for personal insurance, fully open, which provides a ‘comparator-rater’ tool, currently unique in the health sector, for brokers (free access) and insurers.* *

So-Soft, labeled ‘Finance Innovation’ since last October, references 2,600 offers and rates nearly 300 solutions (individuals, seniors, and self-employed), in compliance with DDA rules.

Its advantages: it provides partner insurers and mutuals with previously unobtainable data – real-time offer positioning, market shares, commercial dynamics – to enable them to know where to focus their efforts.

But above all, it represents a considerable expansion of possibilities for policyholders, perfectly aligned with the decree’s release next December (infra-annual termination of supplementary health insurance). https://www.so-soft.fr/

Jean Orgonasi states: “By supporting the development of So-Soft, Digital Insure demonstrates its commitment to diversification, serving its broker and insurer partners, but also its constant concern to participate in improving service to policyholders.”

Fabrice Couturier confirms: “With So-Soft, we are proud to contribute tangibly to the improvement of health coverage in France, by identifying the best value for money in health insurance, adapted to each case, clearly and transparently.”

Martin Givelet adds: “I designed this tool with the objective of bringing the fluidity and richness of information of a true marketplace; I am pleased today to support brokers and their insurer partners and help them optimize their offering for the benefit of the end customer.“

* * To date, So-soft reports over 500 registered brokers and intermediaries and nearly 18 providers including: Swiss Life, Néoliane, SPVIE, Generali, GAN, APICIL, Henner…

About Digital Insure

Since January 2020, Digital Insure has been a member of French Tech 120: a unique ecosystem, stemming from the French government, dedicated to 120 French startups in a hypergrowth phase and capable of becoming global technological leaders.

Digital Insure is ranked 1st Insurtech in the Frenchweb 500 ranking, for the 2^nd consecutive year.

As a reminder: Established in 2013, at the initiative of 3 experts in personal insurance, Digital Insure, through its subsidiaries Digital Insure Distribution, BPSIS, Digital Insure Services, and Digital Insure Special Risks, operates across the entire value chain of Borrower Insurance and Provident Insurance with a resolutely ‘Tech’ DNA. Digital Insure specializes in implementing 100% digital journeys for provident insurance, simplifying and accelerating all stages, from offer comparison to subscription and after-sales, for BtoB and BtoBtoC.

The digital journey, open to all stakeholders in the chain, offers complete traceability and addresses all risk issues. Its subsidiary, Digital Insure Services, offers third-party management to Insurers, Mutuals, and Banks with end-to-end digital contract processing.

Key figures

Profitable growth of over 50% per year since its creation in 2013

100 employees in 2020 (6 in 2013, 18 in 2015, and 65 in 2018)

€40 billion in insured capital (€40 million in 2014, €1.8 billion in 2015, and €21 billion in 2018)

8,000 points of sale (partner distributor brokers)

15% market share in borrower insurance in 2020 (finalized individual contracts)

https://www.digital-insure.fr/

About So-Soft

So-Soft is the insurtech specializing in health offer comparison, exclusively serving brokers, general agents, and wealth management advisors.

Created in December 2018 by four brokers, So-Soft brings a major innovation to the highly complex health insurance sector by offering a SaaS platform for comparing over 300 health market solutions (individuals, seniors, and self-employed).

Last October, during the ‘Insurtech Business Week’ event, So-Soft received the Finance Innovation label, a global competitiveness cluster.