Clearwater International advises NEXT Forsikring on its sale to Basileia Holdings
Clearwater International has advised NEXT Forsikring A/S (NEXT), a Danish digital insurance intermediary, on its sale to Basileia Holdings Limited (Basileia), an international player within insurance and insurance technology.
NEXT is a digital insurance intermediary servicing private customer within the Danish non-life insurance segment. The company was established in 2013 with the purpose of disrupting the Danish insurance market through a pure digital customer experience platform. The NEXT business model is based on five guiding principles; direct customer contact, consistent pricing, self-served instant price calculation, simplified payment and covering most of a household’s coverage needs. The company has quickly established a strong customer base generating an annual recurring revenue above €10m (DKK 80m) and is one of the leading companies in the Danish insurance market based on customer satisfaction.
Basileia Holdings Limited is an investment company focusing on starting, acquiring, or investing in insurance companies in Europe. With the acquisition of NEXT, Basileia aims to gain a stronger foothold in the European insurance market.