Irish insurance coverage expertise firm Companjon has signed an settlement to supply fashionable life-style insurance coverage options to Este Financial institution Hungary’s clients.
The settlement will present Erste Financial institution Hungary’s clients with entry to the insurtech start-up’s AI-powered insurance coverage options by way of George, the financial institution’s digital platform, beginning in early 2024.
Earlier this yr, Companjon and Erste Financial institution Hungary initiated their collaboration by way of the financial institution’s fintech initiative, Bankspiration.
The newest transfer permits Companjon to combine its insurance coverage options into Erste’s George app.
This integration permits account holders to safeguard themselves in opposition to unexpected occasions and modern-day uncertainties, the businesses declare.
Companjon CEO Matthias Naumann stated: “We’re very excited to workforce up with an iconic, well-established model like Erste Financial institution Hungary, serving to them stand out within the fintech sector by offering modern end-to-end embedded insurance coverage options that improve their clients’ purchases and gasoline Erste’s digital ecosystem.
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“Our AI-driven options will supply Erste clients frictionless insurance coverage experiences that assist flip destructive experiences into constructive ones in real-time.”
Companjon stated its insurance coverage options function clever automation for seamless claims processing. This ensures a easy expertise with instantaneous payouts instantly deposited into the accounts of Erste Financial institution Hungary clients.
Erste Financial institution Hungary digital and speak to centre head László Bek-Balla stated: “Companjon’s digital technique is well-aligned with our imaginative and prescient of making certain our clients ‘keep forward’ and their consideration of our distinctive buyer wants within the design of those insurance coverage options is exemplary.”
Earlier this yr, Companjon partnered with European neo financial institution bunq to supply an prolonged guarantee and buy safety answer to the latter’s clients.
