Exciting news! Knip Merges with KomparuEurope’s first digital insurance broker, Knip, and Netherlands-based comparison-software provider Komparu, have completed a merger which will see new parent company, The Digital Insurance Group, become a leading European digital insurance platform.
This pan-European partnership brings together two Insurtech innovators with highly complementary digital insurance platforms. Knip launched in 2014 as Europe’s first truly-digital insurance broker. Its pioneering service allows customers to monitor and manage all of their insurance policies, from over 100 providers, in one app, using machine learning to identify gaps and provide on-demand products that meet consumers’ individual insurance needs. Knip currently captures a large share of the insurance brokerage market in Germany and Switzerland and its platform will be serving a third of the nearly 1.1 trillion euro European insurance market. Komparu launched in 2013, and quickly become a market leader, providing SaaS technology solutions for insurance companies, brokers and publishers, with partners including UMG group, Sanoma, Awin and Achmea. Komparu’s proprietary comparison platform became profitable in Q4 2016 after experiencing 400% growth over the previous twelve months.