Sector: Technology-enabled Service
Investment date: September 2017 (FAPI II) / September 2019 (FAPI III)
Alpina Group is the leading independent technology enabled insurance distribution platform in the Netherlands and Belgium that provides a set of complementary value add services including (i) broking, (ii) MGA (underwriting and claims handling for major insurers), and (iii) ancillary services (e.g., workflow tools, BPO services, ARBO services). Underpinned by its proprietary technology platform, the company distributes primarily P&C, Income Protection and Health insurance lines to its SME and consumer customers. The company was created in 2021 by way of the merger of Voogd & Voogd and Heilbron Groep, businesses Five Arrows had initially partnered with in 2017 and 2019, respectively.