Powerful partners in digitization: InsurTech Hub Munich and Bitkom announce cooperation
Moving digitization in Germany ahead, building bridges between established corporations and new players, reducing anxiety and retention: These are goals both InsurTech Hub Munich and digital association Bitkom do relate to. So it is a logical step to intensify existing liaisons and cooperate more closely.
"Disruption often works best when established corporations partner up with startups or protagonists from outside their own industry. We aim to accelerate the speed of innovation in Germany together with Bitkom, an association dedicated to digitization issues for two decades now", explains Johannes Wagner, board member of InsurTech Hub Munich and Head of Startup Cooperations at Versicherungskammer Bayern.
Fabian Nadler, insurance industry expert at Bitkom, adds: "In this joint effort with InsurTech Hub Munich, we want to promote the debate about using digital technologies and new business models. Both institutions have the goal to secure and broaden the spearheading position of Germany in the financial industry."
About Bitkom
Bitkom represents more than 2,500 companies in the digital economy, of which a good 1,700 are direct members. They generate annual sales of 190 billion euros with IT and telecommunications services alone, including exports of 50 billion euros. Bitkom members employ more than 2 million people in Germany. The members include 1,000 SMEs, more than 400 start-ups and almost all global players. They offer software, IT services, telecommunications or internet services, manufacture devices and components, are active in the field of digital media or are part of the digital economy in some other way. 80 percent of the companies are headquartered in Germany, 8 percent each come from Europe and the USA, and 4 percent from other regions. Bitkom promotes and drives the digital transformation of the German economy and is committed to broad social participation in digital developments. The aim is to make Germany a leading global digital location. In the financial sector in particular, Bitkom has established itself as a political point of contact for the regulator alongside the traditional associations. Bitkom is regarded as one of the leading platforms for the financial industry of the future.
Text: Markus Walter
