Market leader Länsförsäkringar AB invests in the circular insurtech company Omocom through a new share capital increase.
Omocom a market leader in the sharing economy
Insurtech company Omocom supports the circular economy by providing tailor-made insurance solutions specifically designed to maximise the security of sustainable consumption. Omocom has quickly become the market leader in circular insurance and continues to grow with both existing and new platform customers who recognise the benefits of its unique insurance products.
In addition to Omocom's innovative policies, distribution is fully API-based and data-driven, resulting in seamless processes and minimal administration for all parties. Omocom's technology platform combined with sustainable initiatives made an impression on Länsförsäkringar.
”Länsförsäkringar is impressed by Omocom's technical solutions and development in sustainable insurance solutions. The investment is fully in line with the investments in the sustainability economy that Länsförsäkringar has made.”
- says John Nyman, Head of Strategy at Länsförsäkringar AB.
Through the new partnership, Omocom hopes to further develop and expand its innovative technology platform, while benefiting from Länsförsäkringar's solid experience in insurance.
The investment enables further development of the sustainability and technology initiatives already underway and allows Omocom to grow into an even more attractive workplace and employer. The European expansion already initiated by Omocom will be able to continue internationally, while broadening and refining the product offering.
The new share issue carried out at the end of July 2023 is a financial investment that means that Länsförsäkringar is offered two seats on the Board of Directors. The collaboration with current risk carriers and platforms remains and is strengthened by the investment.
”Bringing in Länsförsäkringar AB as a new major owner in Omocom feels just right, both in terms of the values they drive and in terms of the deal. We will be able to benefit greatly from their experience and knowledge”
- says Ola Lowden, CEO and co-founder of Omocom.
Länsförsäkringar has over 200 years of experience in the insurance industry
Länsförsäkringar is one of Sweden's largest financial groups. The foundation for today's Länsförsäkringar was laid back in the 1800s. Today, Länsförsäkringsbolagen comprises a total of 23 companies within the Group, all of which offer a range of products in banking, insurance, pension and property brokerage.
Read Länsförsäkringar's press release on the share emission here: Länsförsäkringar AB investerar i Omocom
Read more about Omocom: https://www.omocom.insurance/
Omocom press contakt: email@example.com