The shareholder of AssFiNET Group, a software developer for the insurance industry, has completed the sale of the company to Acturis Group Limited (Acturis), a leading software service provider, for an undisclosed consideration.
AssFiNET is the leading broker software developer in Germany with a market share of more than 25%. AssFiNET’s broker software provides support for the entire broking process including connectivity to insurers and to quote comparison systems.
Acturis is the leading UK, award winning software-as-a-service provider to the insurance industry with more than 25% per year-on-year growth over the last seven years. The Acturis System is an administration, distribution and underwriting platform used by insurance brokers and underwriters and now has more than 11,700 users across over 400 sites in the UK. The company leads the way in real-time integrations with insurers and has won industry Service Provider of the Year awards in 2006, 2007, 2009 and 2010, and the British Insurance Technology Award in 2011.
Oaklins' team in Germany exclusively advised the shareholder of AssFiNET Group on finding a strategic partner for the business.
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