• Insurtech

Innovation Platform Plug and Play Tech Center: Rheinland Insurance Group Partners with the European Branch in Munich

A close cooperation with the world’s largest startup network aims to accelerate the digital and technological development of the RheinLand Insurance Group across all business activities.

Munich, 1st of July 2020

RheinLand Insurance Group becomes founding anchor partner in the European Insurtech program of the world's leading innovation platform, Plug and Play. The RheinLand Group's partnership with Plug and Play, which began in 2018, will continue under new circumstances. In recent years, the relationship was focused on Plug and Play’s services associated with the Insurtech program in Silicon Valley. In future, the focus will shift on the activities of Plug and Play’s branch in Munich and the associated European orientation of the Insurtech program.

The exploration of new business models and an implementation of those with the help of startup initiatives remains unabated for the RheinLand Group. “One goal is to further digitize processes. At the same time, it is just as important to support the innovative strength of the RheinLand Group with clever ideas,” says Christoph Buchbender, board member with RheinLand Insurance Group. “We rely on the close-knit network of technology companies that is developed by Plug and Play. It is about deriving concrete benefits for us."

The RheinLand Insurance Group, whose roots go back to 1880, has retained the spirit as a medium-sized company to be able to react quickly to changes with its products and services. Startups of the Plug and Play network therefore benefit from cooperation because they can grow and develop together with a strong, flexible partner. “It’s fantastic to see how our corporate partners grow along their journey with us and scale their innovation activities across the globe. We are excited for the startup collaboration projects RheinLand Insurance Group will kick off in their home markets,” says Saeed Amidi, Founder and CEO of Plug and Play. The opportunities for collaboration projects are explored in regular scouting and deal flow processes. In this context, the RheinLand Group will play an active role in Plug and Play’s ecosystem driving the program focus and platform growth.

About RheinLand Insurance Group

The RheinLand Insurance Group is an independent, family-run insurance group. The company is based in Neuss. The business model is based on three sales channels, each represented by a strong brand: Credit Life stands for banking and cooperation sales, rhion.digital for broker sales, RheinLand Insurance for its own sales force. The focus of business with insurance for private and commercial customers is Germany. At the same time, business activities in the Netherlands and Italy are being expanded.

About Plug and Play Insurtech

Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 30 locations globally, giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 10,000 startups and 400 official corporate partners, we have created the ultimate startup ecosystem in many industries. Companies in our community have raised over $9 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal. 

For more information, visit http://plugandplaytechcenter.com/insurance/.

Plug and Play Insurtech Contact: insurtech-munich@pnptc.com