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IPO AI technology helps DFV keep costs in check, holding staff numbers at a minimum even as customer numbers surge.(Photo: Lim Yong Hian)

(Bloomberg) – With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG needs $116 million in fresh funds to finance its expansion plan. An initial public offering is one path Stefan Knoll, founder and chief executive officer, is considering.

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