CLARK acquires simplesurance broker in Germany 

Frankfurt / Berlin, October 2023. simplesurance Broker GmbH, an insurance broker operating under the “Schutzklick Makler” brand, is now part of CLARK, one of Europe’s leading insurtechs. With this acquisition, CLARK is further expanding its broker activities in Germany and adding to its own customer base of over 600,000 customers. CLARK is a portfolio company of Allianz X.

simplesurance Broker GmbH is a 100% subsidiary of simplesurance GmbH, which has been part of Allianz Partners since September 2022, and is one of the leading providers of embedded insurance in the automotive, bancassurance, e-commerce and travel sectors. Using state-of-the-art technology, simplesurance enables companies to integrate tailor-made insurance products quickly and easily and to realize global rollouts with minimal IT investment. The transfer of the brokerage business represents a strategic step for both companies.

“With the acquisition of Schutzklick Makler’s broker business, we are further expanding our successful German business and strengthening our position in the market. We look forward to welcoming the team and working together to drive forward our vision of becoming the fastest growing and most efficient insurance broker in Europe,” explains Christopher Oster, CEO CLARK and Co-Founder.

The brokerage business will be fully integrated into the CLARK Group, while the “Schutzklick Makler” team will remain in Berlin to provide customer service and advice. Following the acquisition of UB Partner in Switzerland and Anorak in the UK, this is CLARK’s third successful acquisition in the last twelve months.

In 2015, Marco Adelt (Managing Director Germany), Chris Lodde (Managing Director International) and Christopher Oster (CEO) recognized the opportunities of digitalization for the insurance industry and founded CLARK. Over the past eight years, CLARK has attracted international investors such as Allianz X, Tencent, White Star Capital and Portag3 and raised more than 170 million euros. In November 2021, the Frankfurt-based insurtech became a unicorn through the integration of the finanzen Group. Formed in spring 2022, the insurtech now has more than 2 million customers.

simplesurance GmbH, with headquarters in Berlin and additional teams in Munich, Lisbon, Tokyo, Mumbai and Paris, is a leading provider of integrated insurance in rapidly changing ecosystems such as mobility, e-commerce, travel, FinTech and banking. Well-known companies use simplesurance’s technology to integrate insurance into their customer journey, improve the overall customer experience and create added value in over 30 countries in a simple and intelligent way.

As a wholly owned subsidiary of Allianz Partners, simplesurance GmbH is developing the global connectivity player with transparent and efficient insurance services to connect customers and companies anywhere and anytime. This is done with state-of-the-art technology, which simplesurance has been continuously developing with over 140 employees since 2012.