Deutsche Bank and Friendsurance expect clients will increasingly turn to digital brokers for their insurance needs in the coming years. The companies noted that premiums for property and casualty insurance totaled €66 billion ($80.8 billion) in Germany in 2016 with 27 percent of those premiums negotiated by insurance brokers.
“We aim to become our clients’ main digital bank. Many of them want a reliable platform where they can efficiently manage all their financial needs and where they can get products that go beyond what traditional banking services offer,” said Markus Pertlwieser, chief digital officer private & commercial clients at Deutsche Bank.
“This cooperation helps us to raise client satisfaction levels and inspire greater loyalty from our bank customers. And we are opening up to new, internet-savvy target groups,” explained Tim Kunde, managing partner and co-founder of Friendsurance
. Friendsurance, which offers products from every insurer in the German market, serves more than 100,000 clients and aims to offer its clients “a home for their insurance products.”
