tech11

About

Through groundbreaking technology, we are revolutionizing the insurance industry at tech11 GmbH. Since our inception in 2018, tech11 has rapidly evolved from a promising start-up into a significant industry innovator within the European insurance technology sector, becoming a key driver of digitalization. Our core offering, the tech11 Insurance Platform (TIP), is setting new benchmarks with its cloud-native architecture, positioning us as a central partner for insurance companies looking to modernize and fully automate their end-to-end insurance business processes. This platform is engineered to be future-proof, flexible, and scalable, addressing the critical need for modernization in an industry where many existing legacy systems hinder adaptation to changing client behaviors and expectations. We aim to be the leading provider of core insurance systems in Europe, a goal we pursue through continuous innovation, the adoption of state-of-the-art technology, and fostering close, partnership-based collaborations with our clients. The tech11 Insurance Platform is a comprehensive, digital P&C core insurance solution designed to assist insurance companies and managing general agents (MGAs) in navigating the complexities of digitalization. It supports the entire policy and claims management lifecycle and can be deployed either as a cloud-based SaaS subscription or on-premises. This versatility allows it to serve as a replacement for outdated legacy systems or as a 'Digital Speedboat' for new insurance ventures, enabling rapid development of new products and swift onboarding of digital distribution channels. Our technology stack is inspired by the architectures of leading tech companies like Netflix, Uber, and Twitter, combined with robust enterprise technology to ensure seamless integration via REST APIs. This microservices architecture ensures that our platform is not only easy to integrate but also highly scalable. With a dedicated team of over 100 experts and offices in Würzburg, Frankfurt, and Accra, tech11 is committed to developing cutting-edge software that empowers insurance companies for the future of the industry. In late 2021, tech11's capabilities were further enhanced through a strategic investment by TA Associates, a globally recognized private equity firm, which also acquired a majority stake in Adcubum AG, a leading Swiss software provider for health and accident insurance. This partnership has solidified tech11's position as a sustainable provider of core insurance systems, ensuring long-term stability and investment opportunities for our clients.