Press release 24 Juli 2017
Starting now, ERGO Versicherung AG and the InsurTech Finanzchef24 are offering commercial liability insurance for small trading companies. Thanks to this new product, in-store retailers and on-line traders can insure their commercial liabilities completely on-line. A digital underwriter automatically considers all relevant risk correlations.
On-line insurance cover for small Traders
ERGO and Finanzchef24 have joined forces to offer a digital commercial liability insurance policy to traders with an annual turnover of up to EUR 200,000. The digital underwriter automatically considers all relevant risk correlations. The client receives a binding offer customised to his requirements within a few minutes and which he can also conclude directly on-line. "We are increasingly using new methods to assess our clients' risks quickly and offer them exactly the cover they need. To achieve this we are systematically focussing on the opportunities provided by digitalisation" explains Dr Markus Hofmann, Chairman of the Management Board of ERGO Versicherung AG. The digital commercial liability insurance is now available at www.finanzchef24.de . "The product development was based on an analysis of our extensive user data and was therefore systematically aligned with clients' needs. In addition, our underwriting technology provides us with cost-effective processing from rating through to conclusion of the contract. Two important ingredients for a product which satisfies the demands of a digitalised world," explains Benjamin Papo, CEO and Managing Director of Finanzchef24.
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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. Within the group, three entities manage domestic and international business, as well as digital and direct business (ERGO Deutschland, ERGO International and ERGO Digital Ventures). About 44,000 people work for the Group, either as salaried employees or as full-time self-employed sales representatives. In 2016, ERGO recorded a premium income of 17 billion euros and rendered benefits to customers of 16 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.