Xpension “xbAV AG” is one of the leading providers of pension & life insurance technology in Germany. Its software-as-a-service platform provides a shared service interface between insurers, insurance agents and customers to sell new and manage existing pension & life insurance policies.

The fast-growing German market leader enables:

• insurance agents to focus on providing high quality advice with an easier, fully-guided sales process, higher policy values and more time for new business
• customers to make informed decisions with less hassle and manage all their policies in one place
• insurers to generate more new business, reduce administration costs and get more loyal customers.

The platform aims to facilitate and slash the cost of creating new and managing existing pension policies. It is the only platform that makes buying and managing pension & life insurance simple.  The Munich-based startup is currently focusing on Germany, the largest and most complex market in Europe with a €3 billion annual cost for administrating employer-related pension plans. xbAV AG has a 30 % market share in Germany already among their first product vertical, corporate pensions.

More than 20 insurers, 9,000 insurance agents and 2,000 companies use xbAV’s platform.

How it works

 Their fully-digital consumer advisory journey enables insurance agents to focus on providing high quality advice with an easier, fully-guided sales process, higher policy values and more time for new business. And empowering consumers to understand their corporate pension and thus manage their own financial future.

Why we selected Xpension for DIA Munich
As the provider of the only neutral, fully-digital platform in Germany Xpension reduces the cost of administering pension polices for insurers and companies by up to 80%, facilitates more effective distribution by agents through a consumer-friendly advisory software and rapid processing, and enables consumers to be better informed about one of the most important financial decisions they will make.

At DIA Munich Malte Dummel, CFO will showcase their policy sales tool for insurance agents, which is fully integrated via API into brokers management systems, HR-systems and insurance backend systems.

Check out their live demo here:
https://www.digitalinsuranceagenda.com/dia-tv/video/xpensions-saas-platform-supports-the-sale-and-management-of-pension-and-life-insurance-policies/​

Who is Xpension?
When Xpension CEO Martin Bockelmann, an insurance industry veteran, founded the company in 2007 it, like every other player in the industry, was set up to work in an analogue world. He saw the potential in digitization and built up a team and investors who shared that vision.  Now the company employs 100+ people in Munich (headquarter), Berlin and Saarbrücken.

In October 2018 xbav raised $24m in its Series B.
Key Investors: Cinco Capital, Armada Investment Group. Total Funding: Euro 30 m+

“Pension and life insurance are essential for everybody. But they are often seen as complicated and lots of hassle. Our platform makes buying and managing them smart and simple.” Martin Bockelmann, CEO & founder of xbAV

Martin Bockelmann                                                   Malte Dummel
CEO & Founder                                                        CFO

https://www.xbav.de/en