· Marcin Prusaczyk assumed the position of CFO at Efinity Insurance Group in March - he is responsible for securing financing for the group's international expansion.
· The Efinity Group consists of Leadenhall Insurance and Efinity companies - it operates in the global insurtech market, combining insurance and technologicalexpertise.
· Its activities focus on innovative solutions for distributing specialized and niche insurance products.
The value of the specialised insurance market alone is estimated at 80 billion USD, with forecasts predicting its growth to 178 billion USD by 2030, with an average annual growth rate of 9.3% (Global Specialty Insurance Market Report,Straits Research, 2022). The value of the global niche insurance market is several times greater. The cost of acquiring customers in these markets is very high due to the complex nature of insurance products, which require the expert involvement of intermediaries in the sales process. The low penetration of modern technologies to support this process poses both a challenge and an opportunity.
- An innovative insurtech mindset characterises the companies within the Efinity group. It combines over twenty years of experience developing technology for their own needs and external insurance entities, as well as in insurance distribution - initially in the direct channel and currently in the intermediary model. We have ready-made product and process solutions based solely on cooperation with intermediaries, which we can quickly scale worldwide. To fully utilize this potential, we need external financing. I firmly believe that we are offering investors an opportunity to make an attractive, globally-oriented investment with promising exit prospects, considering the current M&A activity in the insurtech market- comments Marcin Prusaczyk, CFO at Efinity Insurance Group.
MarcinPrusaczyk has two decades of experience managing PE/VC investments and the real estate market. He co-managed the VC fund Bio med Innovations, which invested in innovative medical startups. He was also involved with the Griffin PropertyFinance fund, providing debt financing in the real estate market. For many years, he was associated with the investment firm Cornerstone Partners, where he supported investment projects, including Lux-Med. He began his professional career at Accenture, participating in the international implementation of anERP system. He graduated from the Warsaw University of Technology, where he studied Electronics and Management, and Tulane University in the USA, where he obtained an MBA as a Ron Brown Fellowship recipient.