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.
Goal of 1 million customers by 2019
"There's an opportunity to grow even more in the next three to five years, before the current economic cycle weakens and things get a bit more difficult," Knoll said in an interview. "We're looking at multiple options, including an IPO, and are aiming for a solution by the end of the year."
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