Vodafone Germany partners with ELEMENT

ELEMENT, the Berlin-based provider of white-label insurance solutions for companies so they can offer insurance products to their customers, is partnering with Vodafone Germany.

The telecommunications company will introduce private cyber insurance for mobile customers, which will protect individuals worldwide against financial damages from online fraud and identity theft. Individuals will be covered for up to €15,000 in the event of fraud when shopping or banking online or identity theft.

Earlier this month, ELEMENT developed a digital leasing protection for vehicles in collaboration with Volkswagen Financial Services AG. The product protects customers against additional payments upon return of the leased vehicle that may result from above average wear and tear during the leasing period. The leasing protection starts at €22.90 per month for a term of 48 months and can be bought online.