Munich Re buys InsurTech start-up apinity

Written by apinity

29.09.2022

Estimated Reading time 3 min

Press Releases

Munich Re Buys InsurTech Start-up, apinity, from Former Allianz Subsidiary - First SaaS Platform for API Business Operations

Munich, Oct. 4, 2022: With a fresh look and feel, and a focus on API business operations, apinity will start selling a digital solution that helps companies manage, scale, and monetize their APIs. As of today, Munich Re has secured 100% of the shares of the InsurTech and has taken over the team and the technology platform including all existing third-party services and business relationships.

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.

Start-up from former Allianz subsidiary Syncier

apinity GmbH is a former business unit of Syncier GmbH, which 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.Anna-Carina Häusler, Managing Director apinity GmbH

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 ecosystemTorsten Jeworrek, member of the Munich Re Board of Management

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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