- W&W subsidiary Württembergische Versicherung joins financing by existing investors
- omni:us enables insurers to achieve AI-powered end-2-end claims automation in high-frequency property and casualty lines of business
- To automate claims processing and further increase service quality, Württembergische Versicherung and omni:us will cooperate in the future
Berlin, 15 November 2022 – omni:us, leading provider of intelligent insurance claims management automation solutions, has closed its Series A+ expansion financing round with W&W subsidiary Württembergische Versicherung, as well as existing investors. With this financing, the company plans to further invest in its end-2-end claims automation technology and expand its team and presence in Europe and the UK.
” This Series A+ builds on an exceptional year for omni:us. We were able to add leading insurance companies to our customer base in Europe, launch key feature enhancements to our AIaaS (Artificial Intelligence-as-a-Service) offering – the omni:us Digital Claims Adjuster – and at the same time strengthen our team with outstanding talent. We are particularly excited about the participation of W&W subsidiary Württembergische Versicherung and the strong commitment of our existing investors. “, says Martin Micko, CCO & co-founder of omni:us.
With this strategic investment, Württembergische Versicherung is taking the next step in the digitalisation of the entire W&W Group, while omni:us is securing Württembergische’s many years of successful and comprehensive market expertise. Both companies are aiming to further deepen their cooperation.
” The subsidiaries of W&W stand for stability and success for over 100 years. Over the past year of our collaboration, we were able to gain impressive insights into the strong foundation they have built over the last century. With their constant openness to innovate and overwhelming reliability, they have proven to be an exceptional partner. This is an excellent prerequisite for an effective and successful path ahead to help shape the future of insurance together. We are very much looking forward to learning from, and working with, them! “, adds Sofie Quidenus-Wahlforss, CEO & co-founder of omni:us.
omni:us is leading provider of intelligent end-2-end insurance claims automation. The omni:us Digital Claims Adjuster (DCA) enables seamlessly integrated E2E claims automation within legacy applications and existing insurance core systems, such as Guidewire, Sapiens & SAP. Integrated reference claims processes for P&C and Health, as well as a comprehensive AI-powered claims decision catalogue, help insurers reduce process costs by up to 35 percent – while drastically increasing efficiency, speed of settlement and customer satisfaction.
Founded in 2015, the company consists of 68 AI and insurance experts from more than 20 nations. As a thought leader with over 320 publications on the topics of computer vision, artificial intelligence, and deep learning, omni:us enables insurers to develop data-driven products and services and thus act even more effectively and customer-oriented. omni:us has its headquarters in Berlin, as well as offices in the UK and the USA.
The company is ISO 27001 certified and works with a network of renowned partners: KPMG, Capgemini, PwC, Accenture, Sollers, Infosys, IBM, HCL, as well as Sapiens, Guidewire, Microsoft, AWS and Friss.
About the W&W Group
The W&W Group came into existence in 1999 as a result of the merger of the two long-standing companies Wüstenrot and Württembergische. Today, it develops and provides the four components of modern financial planning: financial security, residential property ownership, risk protection and savings and investment. It combines the Housing, Insurance and brandpool divisions as equally strong pillars, which enables it to offer every customer the financial planning solution that suits them best. In doing so, the W&W Group focuses on omni-channel sales, ranging from its own mobile sales force to cooperation partners and sales agents, broker activities and digital initiatives. Today, approximately 13,000 people work as in-house staff or in the mobile sales force for the listed group headquartered in Stuttgart, Germany.