ERGO and Allianz sign a Distribution and Service Framework agreement for the ERGO Non-Life branch in Slovenia


Press Release, 25.04.2019

ERGO International AG announced that it has signed a Distribution and Service Framework Agreement with Allianz for ERGO Slovenia, which belongs to ERGO Insurance Austria. The Non-Life business of the ERGO branch is no longer writing new business and is to be dissolved. The parties did not provide any further details of the agreement.

As part of the overall agreement, ERGO Versicherung AG in Vienna and Allianz Zagreb in Croatia will sign an Agency Agreement. In the context of the agreement ERGO customers in Slovenia will get the offer to cover comparable Allianz insurance policies substitutional to their current ERGO contracts.

In 2018, premium income of ERGO’s Non-Life branch in Slovenia was 13.1 million euro (GWP), which corresponds to a market share of 0.6 percent.

For further information, please contact:

Ronny Winkler

ERGO Group AG
Media Relations

Tel +49 211 477-3012
Fax +49 211 477-3113
ronny.winkler@ergo.de
media-relations@ergo.de

About the ERGO Group AG

ERGO is one of the major insurance groups in Germany and Europe. Worldwide, the Group is represented in 30 countries and concentrates on Europe and Asia. German, international, direct and digital business as well as all IT activities and technology services are bundled in four separate units (ERGO Deutschland, ERGO International, ERGO Digital Ventures and ERGO Technology & Services Management) under the umbrella of ERGO Group AG. About 40,000 people work for the Group, either as salaried employees or as registered sales representatives. In 2018, ERGO recorded a total premium income of 19 billion euros and rendered benefits to customers of 18 billion euros (net). ERGO is part of Munich Re, one of the leading reinsurers and risk carriers worldwide.
More at www.ergo.com

Disclaimer

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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