While startups in fintech are growing faster and faster (like our portfolio company Number26), a new industry is about to get disrupted: The first so called InsurTech startups just started to digitize and revolutionize the insurance industry. Through our corporate partnership with ERGO Insurance Group we are able to grant our startups a very special network access to the insurance industry and to experts worldwide. Together with ERGO we will be screening the applications for Program9 to find promising startups which focus on InsurTech. The advantages for startups that arise through this partnership are more than obvious:
ERGO can connect startups with more than 30 international markets through local industry leaders and decision makers.
ERGO consults startups in critical questions regarding their business model in insurance industry.
ERGO helps selected startups with their financing needs in different stages of their development.
ERGO is one of the major insurance groups in Germany and Europe. Worldwide, the Group is represented in over 30 countries and concentrates on Europe and Asia. ERGO offers a comprehensive spectrum of insurance, provision and services. In its home market of Germany, ERGO ranks among the leading providers across all segments. About 43,000 people work for the Group, either as salaried employees or as full-time self-employed sales representatives. In 2014, ERGO recorded a premium income of 18 billion euros and rendered benefits to customers at almost the same level. ERGO is part of Munich Re, one of the leading reinsurers and risk carriers worldwide.