German insurtech ONE inks partnership with Munich Re
German insurtech ONE has entered into a partnership with Munich Re, the world's largest reinsurance company. Terms of the nature of the partnership were not announced, though Munich Re says it came after surveying the insurtech landscape and represents the firm moving into new digital channels. ONE is an online on-demand insurer that aims to provide customers with fast access to coverage and the flexibility to retain coverage only when needed. It also seeks to reward customers for giving back to their communities. It plans to launch this autumn in Germany, Switzerland and Austria.
Munich Re and insurance startup ONE announce strategic partnership

http://www.one-insurance.eu

BERLIN, 20th September 2017 – ONE, the fully digital and shortly to be launched insurance provider, today announced a strategic partnership with Munich Re, world‘s largest re-insurance company.“Munich RE is screening the insurtech horizon systematically and we’ve picked ONE as a partner, in which ambitions and potential we sustainably believe. Our partnership is the start of an exciting collaboration in new methodologies and technologies of the digital world”, says Tobias Sonndorfer, Client Executive at Munich Re and board member of ONE.„We are very glad to be supported by Munich Re, this is strong evidence for our business case going the right way. Another fundamental milestone after having received the regulatory permission recently”, Stephan Ommerborn, CEO of ONE, states.Details of the strategic partnership have not been disclosed.About Munich ReMunich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. In the financial year 2016, Munich Re (Group) achieved a profit of €2.6bn on premium income of €48.9bn. It operates in all lines of insurance, with more than 43,000 employees throughout the world. With premium income of €27.8bn from reinsurance alone, Munich Re is one of the world´s leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after business partner. Roughly 12,000 staff in reinsurance possess unique global and local knowledge. Munich Re attaches great importance to its client service, which regularly receives top ratings.About ONEONE is Europe´s first fully digital and licensed all-round insurance carrier. Users can complete insurance policies within a few minutes, starting with household and liability insurance. ONE has been founded by Julian Teicke, CEO of wefox-Group and founder of wefox, a leading insurance platform, and by Stephan Ommerborn, formerly an Executive at Zurich Insurance Group. The digital insurance carrier will officially launch in autumn 2017 - starting with Germany, Austria and Switzerland.PresscontactAlexander Huberpress@one-insurance.comFinanceFox Services GmbHUrbanstr. 71, 10967 Berlin