Sapiens snaps up German insurtech sum.cumo

Insurance software solutions provider Sapiens International Corporation has acquired sum.cumo, a Germany-based technology provider that offers disruptive, digital, innovative and consumer-centric solutions mainly to the insurance industry.

The insurtech firm has received approval from the German antitrust authority and the transaction has been completed.

The acquisition will enable Sapiens to expand its footprint by offering its complete product and services portfolio in the DACH region (Germany, Switzerland and Austria), alongside sum.cumo’s offerings.

Sapiens said it will continue to invest in and support sum.cumo’s offerings, and enhance Sapiens’ digital offerings worldwide via sum.cumo’s solutions and expertise.