ERGO partners with O2 Telefónica and Telefónica Insurance
ERGO, O2 Telefónica and Telefónica Insurance are announcing an embedded insurance partnership.
The first product, O2 Care | Mobility, will become available tomorrow and offers customers a mobility guarantee in case their rental car breaks down or their bicycle has a flat tire. The coverage can be purchased for €4.99 per month, with a minimum term of 12 months, using the digital O2 channels. After the minimum term has expired, the coverage can be cancelled with 30 days’ notice.
The second product, O2 Care | Travel, is an international health insurance that will launch in the fall. The companies plan to introduce two other products.
“Embedded insurance is one of the most dynamic developments we are seeing in the digital insurance market today. It enables providers to combine traditional insurance policies with state-of-the-art technology and digital services. With embedded insurance, we are turning traditional insurance cover into ‘insurance-as-a-service’.” – Mark Klein, Chief Digital Officer of the ERGO Group.
“O2 Care combines ERGO and O2 Telefónica’s respective strengths: as one of the leading insurers in the embedded insurance segment, ERGO has proven expertise in the field, whereas we have direct access to millions of O2 customers, and know exactly what they want and need. As a result, these new digital supplemental services offer them real added value beyond mobile and landline products, and underscore our consistent customer focus.” – Andreas Laukenmann, Chief Customer Officer at O2 Telefonica.
“As an innovative insurer and specialist in the field of digitalisation and digital insurance, we are delighted to be able to offer our customers innovative products in cooperation with ERGO. The embedded-insurance segment is highly relevant for our target group. We will continue to develop new products in the future, in order to offer our customers added value that meets the needs of the innovative and digital market, and constantly expands and complements our product portfolio.” – Amaia Ayerdi Perez, Director of Business Development, Operations & Systems at the primary insurer Telefónica Insurance.
