Insurtech-Radar 2019 highlights sum.cumo as a successful scale-up
In its latest Insurtech Radar 2019, the team of the strategy consultancy Oliver Wyman together with Policen Direct particularly highlights 20 German companies in the insurance industry. Through cooperation with established insurers, sales organisations and other insurtechs, several start-ups have now crystallized into so-called scale-ups, including sum.cumo, which cooperates with insurance groups such as Ergo, Die Bayerische and Dextra in Switzerland. According to Oliver Wyman's team, these scale-ups are characterised by the fact that they are now getting traction, are growing at an above-average rate in Germany and in some cases have already reached a veritable size. They, including sum.cumo, are driving the market forward in their business areas.
sum.cumo stands in the Insurtech radar as a single scale-up for the optimization of business processes.
The Insurtech radar examines, among other things, Insurtechs that find new ways to optimize business processes in the insurance industry. Software solutions are often offered together with customization and integration services from original Insurtechs who are up to 50 years old. The nine-year-old sum.cumo GmbH is highlighted by Oliver Wyman as the only scale-up to follow in the footsteps of the original Insurtechs. sum.cumo successfully seizes the multitude of opportunities offered by the market.
sum.cumo will continue to stand for successful digitization of traditional business models in the future.
We are delighted that our rapid corporate development has been rewarded in the latest Insurtech radar", sums up Ingolf Putzbach, Managing Director of sum.cumo. "Our business model stands for a holistic digitalization of traditional business models. Accompanied by our specialists from consulting, user experience, front- and backend development as well as marketing, successful projects will continue to emerge for our customers in the insurance and lottery industry from the idea to the implementation.
Trends and studies on start-ups in the insurance industry
The Insurtech radar examines 134 Insurtechs on the German market. Oliver Wyman and Policen Direct find out that the start-up dynamics of the past have flattened out, but rapidly growing scale-ups are now differentiating themselves from the rest of the start-up field. The market potential remains high.