Press release 24 November 2016
ERGO Versicherung AG and its subsidiary Köln Assekuranz (KA), will manage the Volkswagen transport insurance programme as from 1 January 2017. KA is a specialist for industrial transport and group accident risks, and works with its own specially developed IT systems that assess the risks of natural disasters.
Wulf Dieter Hartrampf, Managing Director of Volkswagen Insurance Brokers GmbH, explains the choice for the new insurance partner: “The tender focused on topics of insurance risk management, implementation of our digitalisation strategy and further improvement in recovery proceeds.”
“Volkswagen steers major risk elements by means of its own insurance risk management. We are pleased to add our skills in loss prevention in the future. This applies in particular to identifying and assessing natural hazards with our software K.A.R.L® that can be used all over the world”, states Ralph Eisenhauer, responsible Board member at property-casualty insurer ERGO Versicherung AG. “It helps to prevent losses by producing detailed findings on which locations pose a particular threat, for example, from hail. Investments and protective measures can be managed accordingly.”
The Volkswagen transport policy suffered losses from storm damage in 2013. By implementing effective loss prevention measures and by using K.A.R.L®, the programme was geared towards the future and was further integrated into Volkswagen’s quality management. On this basis, major elements of transport risk can now be borne by Volkswagen’s own captive insurance company. For global coverage, the company relies on the well-known International Network of Insurance (INI) of which ERGO is a member.
For further information, please contact:
Volkswagen Financial Services
Telephone +49 (0) 53 12 12 26 21
Fax +49 (0) 53 12 12 72 62 1
Mobile +49 (0) 17 15 09 67 41
Volkswagen Financial Services are part of Volkswagen AG and include Volkswagen Financial Services AG and directly or indirectly affiliated financial services companies of Volkswagen AG in the USA, Canada, Argentina and Spain, with the exception of Scania, Porsche and Porsche Holding Salzburg. The main areas of business comprise dealer and customer financing, leasing, banking and insurance business, fleet management and mobility. Volkswagen Financial Services employ 15,182 members of staff around the world – 6,513 of which are in Germany alone. Volkswagen Financial Services have recorded total assets of around 157.9 billion euros, an operating result of 1.9 billion euros and a contract portfolio numbering 16.6 million approx. (last updated: 31/12/2015)
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.
More at www.ergo.com
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.