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SOFTWARE (NON-INTERNET/MOBILE) | Accounting & Finance Software
ibapps.dk

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Founded Year

2007

Stage

Unattributed VC | Alive

About Insurance Business Application

Insurance Business Applications (IBA) provides and implements products and solutions which are dedicated specifically to the insurance industry. The company's in-depth investigations of the insurance market allows it to identify the present day challenges experienced in a changing environment.

Insurance Business Application Headquarter Location

Gammel Kongevej 1

Copenhagen, DK-1610,

Denmark

+45 70 20 90 23

Latest Insurance Business Application News

IBA gets a significant investment from Northcap Partners - Øresund Startups : Øresund Startups

Jun 20, 2013

Posted by Iryna on Wednesday, June 19, 2013 · Leave a Comment   Insurance Business Application (IBA), a Danish startup that offers implementation services and solutions for insurance industry, has just received a large investment from Northcap Partners . The investment is said to be in the two-digits-millions (DKK) range , most likely in the single digit millions euros (unconfirmed). On top of that IBA also announced that they got one of the largest insurance companies as a customer. “Northcap Partners has many years of experience in scaling software businesses internationally. We have chosen them to be our investor as we need operational skills, knowledge of building a scalable software company and rapid internationalization. Close proximity between the companies will also provide a very dynamic sparring in everyday life,” says co-founder and CEO Anders Engdal to Trendsonline . In almost two year operating period IBA has provided its services to a number of Danish and international clients such as insurance companies, agents, aggregates and brokers of all sizes. In-depth study of insurance market allowed the company to develop a set of unique products that help to deal with rapidly changing markets. IBA helps with providing new categories of software that address more complex distribution systems in the insurance industry as well as takes care of documentation and compliance. “It is essential for our customers to create new products for new distribution channels quickly and cost effectively. To remain competitive they need to automate the entire underwriting process,” says Anders Engdal. Congrats on another important achievement! Related posts:

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Expert Collections containing Insurance Business Application

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Insurance Business Application is included in 2 Expert Collections, including Insurtech.

I

Insurtech

1,697 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

4,625 items

Track and capture company information and workflow.

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