Erste Bank Hungary and Companjon unite for a new era in AI-enabled lifestyle insurance

Erste Bank Hungary and Companjon unite for a new era in AI-enabled lifestyle insurance

Companjon, an innovative B2B2C InsurTech start-up, is teaming up with Erste Bank Hungary, a prominent player in the Central and Eastern European financial services industry.

The crux of this partnership lies in bringing modern lifestyle insurance solutions to Erste Bank Hungary’s customers, particularly through its digital platform, George. This collaboration signifies a leap towards integrating cutting-edge technology in everyday financial services.

Delving deeper, Companjon stands out with its expertise in crafting digital insurance solutions that are both innovative and customer-centric. They harness AI to offer embedded insurance that is fully digitalized. Similarly, Erste Bank Hungary, under the umbrella of the Erste Group, has established a robust presence in the financial sector, extending its services to millions across multiple countries.

The partnership is set to bring a transformative approach to insurance. Companjon will integrate its InsurTech solutions into Erste Bank Hungary’s George app. This integration promises to offer Erste’s customers not just financial security but also enhanced flexibility and convenience in dealing with life’s unpredictable challenges.

Erste Bank Hungary’s Head of Digital and Contact Center, László Bek-Balla, said: “We are incredibly optimistic about our collaboration with Companjon, which enables us to delight our customers in a new way that fits and protects their modern lifestyles.

“Companjon’s digital strategy is well-aligned with our vision of ensuring our customers ‘stay ahead’ and their consideration of our unique customer needs in the design of these insurance solutions is exemplary. We look forward to launching them in the George app next year.”

Companjon CEO, Matthias Naumann, said: “We are very excited to team up with an iconic, well-established brand like Erste Bank Hungary, helping them stand out in the fintech sector by providing innovative end-to-end embedded insurance solutions that enhance their customers’ purchases and fuel Erste’s digital ecosystem. Our AI-driven solutions will offer Erste customers frictionless insurance experiences that help turn negative experiences into positive ones in real-time.”

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