Easy Insurance GmbH and Allianz Insurance AG are working together to provide German electronics retailers with complete end-to-end cover on a variety of expensive consumer gadgets. The joint project has produced an insurance product has been developed that combines the strength and reliability of the Allianz brand name, with Easy Insurance’s digital know-how, plus repair and recovery become integrated on a single platform. The retail dealers also benefit from an attractive commission model for POS insurance add-ons.
“We look forward to the launch of Easy Insurance and the successful implementation of our shared, innovative and digital concept.” Michael Schliephake, Director Concept and Digital Business of Allianz Versicherungs-AG.
The easy-to-use Easy Insurance partner platform was developed by Insurtech Services and designed to provide both customer and participating merchants with a user-centered, professional and functional user interface. “With our intelligent Easy Insurance portal, we offer all services for dealers and customers from a single source – the advantages are obvious: Excellent service and just one point of contact – with full transparency,” explains Marc Tecklenburg, COO of Easy Insurance.
Insurance Edge Comment;
The Insurtech Group includes Easy Insurance, After Sales Europe, Insurtech Services and Repair Management GmbH. Repair management you ask? Yes, of course, because repairs of consumer goods, from smartphones to battery watches, electric bicycles to washing machines, is something that the EU will almost certainly regulate and encourage with tax incentives in the next few years. Retailers will need to make sure that repairs are carried out by authorised third party suppliers, or trained staff in-house, and arrange commercial/business cover as regards liability in case a repaired item malfunctions.
That political mindset of refurbished goods, and professional product repair, rather than sending something to landfill, is a green initiative that means more opportunity for insurance brokers, MGAs and underwriters alike.