HUK Coburg takes over Neodigital: revolution in car insurance!

HUK Coburg takes over Neodigital: revolution in car insurance!

HUK Coburg Holding made a far-reaching decision today: it will take over Neodigital car insurance completely. The share in the company will be increased in two tranches, so that HUK Coburg will increase from the current 81 percent to 100 percent. The full acquisition is scheduled to be completed in the course of 2025; it has been agreed not to disclose the purchase price. This development meets growing interest in digital insurance models.

Neodigital car insurance, which was founded in 2023 as a joint venture between Neodigital Versicherung and HUK Coburg, has already gained more than 165,000 insured people since its market launch in March 2023. Klaus-Jürgen Heitmann, spokesman for the board of HUK Coburg, praises the positive establishment in the motor vehicle insurance market. Markus Imle, CEO of Neodigital Autoversicherung, particularly emphasizes the development of new business areas and customer groups that are made possible by this takeover.

Founding of NDA Tech and strategic goals

Another step as part of this acquisition is the establishment of NDA Tech, which will offer IT services. This was launched at the same time as the share takeover and is intended to hold 51 percent of shares from Neodigital Versicherung and 49 percent from Neodigital Autoversicherung. Stephen Voss, CEO of Neodigital Versicherung, emphasizes that the collaboration with HUK Coburg is viewed as a strategic success. NDA Tech's main goal is to further develop technological standards in motor vehicle insurance and make them accessible to the industry.

The complete takeover of Neodigital car insurance by HUK Coburg marks a decisive step in the digital transformation of the insurance market and shows the commitment of both companies to create innovative solutions that meet the modern requirements of policyholders.