Allianz X to acquire simplesurance from Assurant and Sparrowhawk.

Allianz X, the digital investment unit of Allianz, agreed to acquire simplesurance, a platform for simple access to insurance, from Assurant, a provider of risk management products and services, and Sparrowhawk, an investor in institutional quality industrial real estate properties. Financial terms were not disclosed. “Embedded insurance is a core element when it comes to offering customers not just policies, but comfort and convenience too. With simplesurance, we bet on one of the pioneers of this market at an early stage and, together with its strong management team, built a technology leader in this segment,” Carsten Middendorf, Allianz X CIO.