|Project Title||Cloud-based & modular insurance software solution (SaaS). enabling latest InsurTech trends like IoT, Telematics, Big Data & Artificial Intelligence.|
|Description||Our highly scalable cloud-based software helps insurance companies in the current process of the digital transformation. We simplify the launch of new innovative insurance products (e.g. Telematics), opening new digital sales channels & increase the overall profitability with greater operational efficiency.|
|Business Opportunity||As nowadays insurance companies are in a tremendous change to digitalize their whole enterprise software, they are confronted with new customer demands and changing market requirement. With our modular and API-driven approach we can offer insurers a complete solution, wether they just want to manage their whole business, do Sales Analytics or want to launch new products quickly.|
While many companies are also offering insurance software solutions, no existing solution has the same speed and cost efficiency like tigerlab.
TAM for General (Non-Life) Insurances worldwide => €2tn
Current Markets (DACH/ASEAN/AU/NZ/UK) => €218bn
SAM (North America/South America/Europe) => €1.4bn
Opportunites are tremendous due to the digital transformation in the Insurance industry. 73% of CEOs in Insurance want to invest and restructure their software and product offerings. 74% of Customers would like to interact with modern technology.
Changing to a flexible software like tigerlab is offering, will not only reduce cost saving in the operations, also it will increase sales, due to new sales channels/journeys and innovative products.
|Revenue / Business Model||xxx|
|Company Background||– 20+ Clients including international big (Re-) Insurer like Hannover Re, UK General or Ubi Car|
– Revenue 2018 €750K
– TAM: worldwide €2tn / current SAM: €218bn
– self-invested with €1.2m
– Strategic ownership stakes in Insurance Companies, valued €500K
– Profit Margin 30%
– Based in Kuala Lumpur (HQ) and London
|% Equity Allocation||10%|
|Risks and Mitigation||– Insurance is quite recession proof|
– retention rate is high (Avg. Duration of insurance customer to change Enterprise Software is 17 years)
– Risk can be legislative issues, regarding Data Privacy
|Exit Strategies||Earliest exit is in 5 years time, buyout|
|Business Address||Petaling Jaya, Selangor, Malaysia|
|Contact Person||Tobias Bergmann|