Allianz X and Debeka completed the investment in SDA SE Open Industry Solutions.

Allianz X, the digital investment unit of the Allianz Group, and Debeka, a German insurance and financial services provider, completed the investment in SDA SE Open Industry Solutions, a software company in Hamburg, Germany. Financial terms were not disclosed. Together with existing investors SIGNAL IDUNA and the msg group, the new strategic partners will support the development of a new standard for setting up and delivering digital services in the insurance industry.