Media Information, 25 Juli 2023

nexible launches travel insurance in Spain

Man standing against a wall in a city and smiling at the camera

Offering is aimed mainly at digitally-savvy target groups. Market entry is a next important step in the InsurTech’s change in strategy.

nexible, ERGO Group’s purely digital insurer, has launched on the Spanish market. With immediate effect, the InsurTech will be offering modular annual travel insurance of the type already successfully sold in Germany and Austria. Using a modular principle, interested parties will be able to put together precisely the insurance cover they need, be it travel cancellation, travel interruption, or illness during travel, to name just a few components. In implementing the offering, nexible is cooperating with the Spanish travel insurance company ERGO Seguros de Viaje, an ERGO Group subsidiary. As part of the cooperation, the Spanish subsidiary will in future be responsible for portfolio management, the customer portal and customer service for the annual travel insurance. nexible itself will be responsible for the technical implementation of the website, posting to accounts, and policy sales. This will ensure the optimum use of existing infrastructures and create synergies between the two companies.

Christoph Meuser, nexible’s Managing Director and Chief Insurance Officer: “With our entry into the Spanish market, we, as nexible, have taken a further important step towards our change in strategy. Last autumn, we decided that we would in future consistently focus on innovative travel and health products for young, digitally-savvy target groups. We want to grow further in these market segments in the coming years and also roll out our offering internationally. With Spain, we are now offering our annual travel insurance in another European country, alongside Germany and Austria.”

nexible was launched in Düsseldorf in 2017 as ERGO Group’s purely digital insurer. The company is a subsidiary of ERGO Digital Ventures.

If you have any questions, please contact

Sabine Saeidy-Nory

ERGO Group AG
Media Relations

Tel +49 211 477-3012 
sabine.saeidy-nory@ergo.de 
mediarelations@ergo.de

Sabine Saeidy-Nory

Further information

ERGO is one of the major insurance groups in Germany and Europe. The Group is represented in over 20 countries worldwide, with a focus on Europe and Asia. ERGO offers its retail and corporate customers a broad product portfolio in all the main clas-ses of insurance as well as comprehensive assistance and other services. Three units operate under the umbrella of ERGO Group AG: ERGO Deutschland AG, ERGO International AG and ERGO Technology & Services Management AG. The German and international businesses as well as the global management of IT and technology services are organized in these units. About 38,700 people work either as salaried employees or as full-time self-employed sales representatives for the Group. In the 2023 financial year, ERGO generated insurance revenue of 20.1 billion euros and a net result of 721 million euros. ERGO is part of Munich Re, one of the world's leading reinsurers and risk carriers.  
More at www.ergo.com

This media information 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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