Companjon Signs Pact with Erste Bank To Deliver Insurance Solutions By CIOTechOutlook Team

Companjon Signs Pact with Erste Bank To Deliver Insurance Solutions

CIOTechOutlook Team | Thursday, 23 November 2023, 10:18 IST

Companjon, AI-driven integrated insurance, has agreed to provide its revolutionary lifestyle products to Erste Bank Hungary clients beginning in early 2024. Erste Bank Hungary is a subsidiary of the Erste Group, one of the leading financial service providers in Central and Eastern Europe, with 16 million customers in seven countries.

The cooperation between Companjon and Erste Bank Hungary began earlier this year, when the start-up took part in the bank’s own fintech scouting program, Bankspiration, which aims to find possibilities that support Erste’s new digital solutions, as per Companjon.

The now-signed agreement will allow Companjon to incorporate its end-to-end insurtech into Erste's George app, allowing account users to insure themselves against modern-day difficulties and situations beyond their control.

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.”