DUBLIN, Ireland, May 17, 2024 (GLOBE NEWSWIRE) -- 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 0416
press@companjon.com (mailto:press@companjon.com)
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