Servion acquires Innoveo AG
With Innoveo Skye, Inneveo offers a solution to help non-technical insurers digitalize their processes.
Servion, which intends the acquisition to strengthen its portfolio of digital products, sees great potential in the InsurTech market, explaining that over 31 per cent of insurance customers globally use InsurTech solutions.
Innoveo was founded in Zurich in 2007 and has subsidiaries in Hong Kong and Budapest. Nick Stefanie, co-founder and CEO of Innoveo, described the acquisition as an “extraordinary turning point in our company’s history” that will “enable us to scale and play an important role in the global InsurTech market”.