Allianz to invest in ControlExpert – Allianz X

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Allianz to invest in ControlExpert Categories March 2020 Allianz X Share this post
ControlExpert is a leading technology-driven automotive claims processing company active in 16 countries
Together with ControlExpert, Allianz expects to significantly improve claims handling through Artificial Intelligence (AI) and automation
Transaction is Allianz X’s second majority investment, following the acquisition of Finanzen.de in May 2019
Munich, Langenfeld, 09.03.2020— Allianz X, the digital investment unit of Allianz Group, in cooperation with Allianz Germany, has entered into binding agreements with General Atlantic and other shareholders of ControlExpert for a majority investment in the company.
ControlExpert, a multi-national market leader in AI-supported automotive claims handling, partners with more than 130 insurance companies, car dealerships, repair shops, leasing companies and OEM partners at 17 locations across the world.
The company offers an end-to-end platform for companies to digitalize and automate their motor claims management.
ControlExpert has emerged as a clear leader in motor claims management in Germany and continues to show growth in international markets.
We look forward to bringing together Allianz’s 130 years of experience in claims management and ControlExpert’s technological expertise to drive significant changes in the sector,” said Nazim Cetin, CEO of Allianz X GmbH.
“The cooperation with ControlExpert will enable us to settle automotive claims far more quickly in the future,” stated Jochen Haug, Board Member and Chief Claims Officer at Allianz Versicherungs-AG.
Following the transaction, ControlExpert will maintain its business model and operational autonomy.
The company will retain its name, brand and identity, and will continue to offer its range of services to its clients including Allianz Germany.

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