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Munich Re buys InsurTech start-up, apinity

The insurtech apinity was born out of the acquisition of Syncier Marketplace by Munich Re. This change and newness gave our team the chance to create a new brand that better reflected who we are and what we stand for. Our company houses two products – apinity Exchange and apinity Marketplace. apinity Exchange allows companies to quickly launch their own branded API marketplace to manage and distribute their digital assets, while apinity Marketplace is a place for consuming and providing world-class APIs for the insurance industry. Basically, our platforms help businesses to optimize their operations in terms of APIs and unleash the power of the API economy.

APIs (IT interfaces for exchanging data and services) are already a fundamental part of business strategies around the world. Listed companies and tech giants have been using them profitably.

InsurTech Start-up from former Allianz subsidiary Syncier

As a former business unit of Syncier GmbH, apinity was previously active on the market under the name Syncier Marketplace. With this continued focus on the insurance industry, apinity combines a software platform and a marketplace for insurance-specific API services.

Anna-Carina Häusler, Managing Director apinity GmbH, explains: “Our customers and business partners have often invested a lot of money and time in their cloud and API management projects, but were still far from being able to use their APIs efficiently in daily business. We want to support customers where they can benefit most from APIs: in business operations.”

“Our customers and business partners have often invested a lot of money and time in their cloud and API management projects, but were still far from being able to use their APIs efficiently in daily business. We want to support customers where they can benefit most from APIs: in business operations.”

First SaaS platform for API business operations

apinity offers the first SaaS platform for API Business Operations, enabling companies to get the most business value from their APIs. “apinity is InsurTech that covers industry-specific services while having the potential to integrate other industries into the insurance industry’s API ecosystem,” said Torsten Jeworrek, member of the Munich Re Board of Management.

“apinity is InsurTech that covers industry-specific services while having the potential to integrate other industries into the insurance industry’s API ecosystem.”

With apinity’s solution, an API marketplace or developer portal can be launched without any development effort. Internal as well as external users can be offered a customized marketplace. This ensures close cooperation between IT and business, and accelerates the growth of the company. API management is then simplified and aligned with real-world requirements. New business potential is created and the costs can be significantly reduced by reusing APIs. Following the acquisition by Munich Re, this start-up will be able to strengthen development efforts, access new clients, and bundle competencies.

About apinity GmbH

Founded in August 2022, apinity GmbH is a Munich-based technology company that emerged from the insurance industry. apinity’s API Business Operations platform is suitable for companies of all sizes, enabling them to get the most business value from their APIs. With Essential, Professional, and Enterprise product plans, the services can be tailored to the needs of the customer.

Press contact:

apinity GmbH

Email: press@apinity.io

Internet: www.apinity.io

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