(Leinfelden-Echterdingen/Ismaning, 6 December 2021) – msg life ag and msg nexinsure ag have been working closely together for many years in the context of the joint solution msg.Insurance Suite..
msg life ag and msg nexinsure ag have been working closely together for many years in the context of the joint solution msg.Insurance Suite. Now, the two companies are taking their successful partnership to the next level: From now on, msg life and msg nexinsure will share the new co-brand msg insur:it in the insurance market and underline their leading role as a provider of insurance products.
Iris Capital also took part in Shift’s Series D round.
With this latest funding, Shift said it would use the capital to expand its business operations into the US, Europe, and Asia as well.
In the United States, the firm will be penetrating the property and casualty (P&C) insurance sector and will also expand into the health insurance industry, an area in which the company sees a great opportunity.
The funds raised by Shift Technology will also be used to support researach and development (R&D) work in the implementation of new solutions to cater to innovative decision automation and optimization needs for insurers.