Xempus AG, a leading European SaaS platform for selling and managing pension, life & health insurance policies, has acquired 100% of eVorsorge Systems GmbH. eVorsorge is a leading provider of customer relationship management software, with a focus on serving large sales organizations and corporates in Germany. The transaction became effective as of 1 May 2023.
Leading SaaS-platform for corporate pension, life & health insurance distribution
In Germany, Xempus is the leader in its field with more than 100,000 new policies sold via its platform per year, connecting more than 24,000 insurance agents, 90,000 corporates and all relevant life and health insurers. They benefit from seamless information flows, user-friendly customer journeys, as well as connectivity to all relevant stakeholders on a single software-as-a-service platform.
Acquisition of no. 2 market player in Germany supports ongoing growth
With this transaction, Xempus continues to deliver on its buy-and-build European scale-up strategy:
- eVorsorge complements the market leading policy sale and management offering of Xempus with CRM-solutions for insurance brokers focused on serving larger corporates;
- eVorsorge enjoys a strong number 2 market position in Germany, catering in particular to large brokers and sales organizations;
- eVorsorge is already active in Austria and offers a launchpad to roll out the combined platform in additional European countries;
- eVorsorge’s highly configurable software architecture facilitates the addition of other new product verticals to the combined Xempus platform.
“The combined market potential is huge with total insurance premia exceeding €1.000 billion each year,” says Malte Dummel, Xempus COO & CFO. “Xempus and eVorsorge are ideally placed to jointly tackle the market for the digital distribution of insurance policies to corporates across Europe.”
“eVorsorge and Xempus offer highly complementary solutions”, adds Stefan Huber, founder and managing director of eVorsorge. “Together we can service all types of insurance agents and corporates.” Stefan joins the Xempus senior management team and its supervisory board.
“The Xempus management team and shareholders are excited to be partnering with Stefan and the entire eVorsorge team”, says Tobias Wann, CEO of Xempus. “Together we can more effectively deliver outstanding value to insurers, agents, corporates and employees.”