Erste Bank Hungary launches Flight Delay Insurance, a new service available to its customers in the George app, powered by leading insurtech Companjon
2024年5月17日 - 3:30PM
Erste Bank Hungary launches Flight Delay Insurance, a new service
available to its customers in the George app, powered by leading
insurtech Companjon
Erste Bank Hungary, part of Erste Group, one of the largest
financial services providers in Central and Eastern Europe, has
launched Erste Flight Delay Insurance to its banking customers in
their George app. Available from today, George’s newest digital
service enables retail forint account holders to protect their
travel plans against flight departure delays of one hour. The
insurance is powered by leading European B2B2C insurtech Companjon,
which specializes in fully digital, AI-driven embedded insurance
solutions.
The Erste Flight Delay Insurance is a completely automated
experience for Erste customers: on the day of flight departure,
Companjon monitors the flight in real-time and will automatically
approve a claim for HUF 16,000 compensation when the flight is one
hour behind its originally scheduled departure time. The cash is
directly and instantly credited to the customer’s account, and
there are no limitations on how the payout can be used.
Erste Flight Delay Insurance can be purchased between 180 days
and seven days prior to the flight’s departure for HUF 1,999 per
ticket per flight. Erste customers can extend this protection to
include up to three more travel companions on the same flight for
the same cost (per passenger) with the same compensation (per
ticket).
Erste Bank Hungary’s Deputy CEO, László
Harmati, said: “Erste is making its services increasingly
personalized and tailored. We believe that by implementing the
latest digital solutions, such as Flight Delay Insurance, we can
contribute to our customers’ efforts to retain their financial
health. In addition to making daily finances easier, our offering
is expanded by auxiliary services that create real value for
customers. Consequently, Erste combines the novelty of fintech and
insurtech solutions with the reliability of traditional
banking.”
Companjon CEO, Matthias Naumann, said: “The
launch of Erste Flight Delay Insurance comes at a most
exciting time with summer travel season approaching. It has been a
privilege to partner with Erste Bank Hungary on this service,
supporting them in their endeavor to expand and improve their
offering of personalized, tailored digital services to their
customers. We look forward to the opportunity to design and
implement more modern insurance solutions with Erste Bank that will
continue to boost their digital ecosystem, delight their customers,
and differentiate themselves against their competition.”
Companjon, established in 2020, has experienced rapid growth
over the last year, launching a variety of modernized and
parametric insurance solutions with globally recognized brands in
the events and entertainment, mobility, and fintech sectors. In
2023 the company achieved over 33 million transactions through its
unparalleled solution design that leverages the latest technology,
like AI, to delight its business partners’ customers in over 32
countries across Europe and beyond.
About Companjon
Companjon is a leading B2B2C insurtech start-up specializing in
fully digital, AI-driven embedded insurance. Its modern, end-to-end
insurance solutions enable companies to delight their customers and
drive more business value from stronger brand loyalty and new
ancillary revenue opportunities. Companjon designs, builds, and
underwrites its dynamically priced solutions on a 100% cloud-based
platform capable of issuing 32,000 policies per second, integrating
API gateways easily, and leveraging the latest advanced technology.
It has been recognized as one of the world’s most innovative
insurtechs for three consecutive years (2021-2023) by FinTech
Global.
Companjon seeks to change the way people think about insurance
by creating seamless and positive experiences when things don’t go
as planned: being right there when ‘life’ happens. The company is
registered in Ireland and regulated by the Central Bank of
Ireland.
www.companjon.com
Media Contact:Kimberly Littlefield+353 (0)86 107
0416press@companjon.com