Karsten Crede to take responsibility for new Board Division ERGO Mobility Solutions

Press release 22 April 2016

ERGO Digital Ventures AG will set up ERGO Mobility Solutions as new business division. It will be managed by Karsten Crede as member of the Management Board of the digital business pillar of ERGO Group AG, Düsseldorf. Subject to approval of the relevant bodies, the 47-year-old will take over the newly established Board Division on 1 January 2017.

Automotive financial services gain more and more in importance. This applies to end customers who expect attractive conditions and efficient service in leasing, financing and insurance as well as to automobile manufacturers and insurers who see automotive financial services as important means for customer retention and as an additional profit source. With the new field of business and a broad range of mobility services for private and corporate customers as well as car dealers, ERGO will position itself as strategic partner of the automobile industry. As a future perspective, new insurance concepts for the growing field of shared mobility shall be offered.

Crede will also be responsible for the development of strategic and international cooperations with the automobile industry and vehicle dealers as well as all new mobility topics such as car sharing and e-mobility.

„With Karsten Crede, we were able to gain a proven expert for automobile insurance and financial services. I am glad that he will be setting up this important division for our Company”, emphasized Markus Rieß, Chairman of the Board of Management of ERGO Group.

Crede has been a member of the Management Board of Allianz Versicherungs-AG and CEO of Allianz Global Automotive. Before, he was responsible for global insurance business of Volkswagen Group.

More Information:

Kartsten Crede

Karsten Crede

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For further information, please contact:

Media Relations
Uta Apel

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About the ERGO Group AG 
ERGO is one of the major insurance groups in Germany and Europe. Worldwide, the Group is represented in over 30 countries and concentrates on Europe and Asia. ERGO offers a comprehensive spectrum of insurance, provision and services. In its home market of Germany, ERGO ranks among the leading providers across all segments. About 43,000 people work for the Group, either as salaried employees or as full-time self-employed sales representatives. In 2015, ERGO recorded a premium income of 17.9 billion euros and rendered benefits to customers of 16.8 billion euros. ERGO is part of Munich Re, one of the world's leading reinsurers and risk carriers.
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This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of ERGO Group. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forwardlooking statements or to conform them to future events or developments.

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