Company profile: Viridium
1.1 - Company Overview
Company description
- Provider of efficient management of life insurance portfolios in Germany, ensuring continued operation and consolidation onto a unified, modern platform. Manages existing policies via Proxalto, Entis, Heidelberger Lebensversicherung AG and Skandia Lebensversicherung AG, covering traditional, guaranteed, unit-linked, retirement, survivor, risk and pension contracts; about one million policies (mid-2017).
Products and services
- Bestandsmanagement (Portfolio Management): Engineers efficient, customer-focused servicing and continued operation of life insurance portfolios, consolidating policies onto a unified modern platform for streamlined administration, platform-based
- Skandia Lebensversicherung AG: Manages around 191,000 unit-linked pension contracts in the German market since 1991, emphasizing existing-policy servicing and portfolio efficiency, portfolio-scale
- Proxalto Lebensversicherung AG: Administers traditional, guaranteed, and unit-linked life insurance contracts, serving existing customers exclusively after ceasing new business in 2018, emphasizing continuity and operations efficiency, existing-business-only
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Viridium
Affirmative Insurance Holdings
HQ: United States
Website
- Description: Provider of non-standard automobile insurance policies to individual consumers in highly targeted geographic markets, offering coverage to drivers who find it difficult to obtain insurance from standard insurance companies.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Lifetri
HQ: The Netherlands
Website
- Description: Provider of insurance and financial services products for individuals and businesses.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Selective Insurance
HQ: United States
Website
- Description: Provider of super-regional property and casualty insurance with operations throughout the U.S., offering business insurance, personal auto, flood, and excess & surplus coverages, plus risk management services. The company is the 6th largest writer of flood insurance through the federal National Flood Insurance Program and offers Selective Drive, a fleet management tool using GPS and driver scores.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Selective Insurance company profile →
Dental Care Plus
HQ: United States
Website
- Description: Provider of dental and vision coverage, offering dental insurance plans for individuals and groups, including ACA-compliant exchange-certified options and DentaTrust plans in select states, with nationwide access to a network of over 275,000 dental providers, flexible plan options at fair cost, and customer service for ease of use.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Dental Care Plus company profile →
Shepard Insurance
HQ: United States
Website
- Description: Provider of custom-designed, comprehensive insurance plans for individuals and families.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Shepard Insurance company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Viridium
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Viridium
2.2 - Growth funds investing in similar companies to Viridium
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4 - Top valuation comps for Viridium
4.2 - Public trading comparable groups for Viridium
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