19 February 2018
Visit www.avoka.com

BearingPoint invests in Nordic InsurTech startup Tribe

27 April 2017  |  2583 views  |  0 Source: BearingPoint

As part of its Ventures activities, BearingPoint has invested in the Oslo-based start-up Tribe.

Tribe is an insurance provider that has developed an innovative business model and IT insurance platform. It enables customers to receive simple and fair insurance solutions by leveraging the trust among their networks of friends and families. BearingPoint and Tribe will enter into a long-term relationship to expand their respective service portfolios.

Tribe set out to transform the insurance market based on a simple concept: insurance customers know far more about good and bad risks in their social network than traditional insurance companies do. Supported by its tailor-made and proprietary insurance platform, Tribe offers its clients significant discounts based on the degree of trust between their networks of friends and families, so-called “tribes”, while eliminating the complexity of insurance products and services.

In addition to its financial investment, BearingPoint will support Tribe’s further development and go-to-market with its vast experience in the insurance industry as well as its expertise in digital transformation, analytics, and regulation.

“Tribe is an exciting venture with an innovative business model that will enrich our existing service and solutions portfolio in the areas of digital transformation, platforms, and insurance. Identifying and cooperating with promising ventures is deeply embedded in our firm-wide strategy. It enables us to be part of and shape innovative trends and gain important expertise and experience, which in turn helps us to support our clients in the best possible way,” said Patrick Palmgren, Chief Development Officer at BearingPoint.

“We are very enthusiastic to have BearingPoint on board as investor and partner. BearingPoint is an obvious partner for us as we believe they can contribute to our success both on a strategic and operational level. Succeeding with a new insurance concept requires succeeding with IT, concept and marketing. BearingPoint has an enormous amount of knowledge in IT, processes and concept thinking, and they can also advise us in moving our IT platform and product concept abroad. We are confident that BearingPoint will contribute a lot to our development both on a national and international level,” commented Rune Brunborg, Chief Executive Officer at Tribe.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit http://info.nice.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11545 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9109 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8962 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8841 views comments | 15 tweets | 43 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7532 views comments | 13 tweets | 11 linkedin

Featured job

Competitive base + commission (double OTE)
London, UK

Find your next job