Weekly introductions of the latest policy initiatives
In a significant move, Fonds Finanz, Germany's largest broker pool, has joined forces with the Hamburg-based insurance company, Concept IF. This collaboration aims to expand the insurance offerings available to Fonds Finanz's distribution partners, particularly in the property and casualty sector.
Concept IF, known for its insurance products catering to various private composite business areas, has introduced a new product line under the BIZ brand. These insurance products are designed to protect company managers from potential financial risks in case of emergencies, focusing on property and business interruption, operational liability risks, and personal liability risks for company managers.
The Concept IF BIZ brand also offers insurance solutions that address the unique risks faced by company managers. Through this collaboration, these insurance products are now accessible to a broader range of distribution partners due to the partnership with Fonds Finanz.
The product portfolio of Fonds Finanz's distribution partners has been expanded to include additional tariffs such as pet liability, private liability, residential building, household contents, legal protection, and accident insurance. Allianz Versicherungs-AG is among the risk carriers of the Concept IF Pro product lines, further strengthening the collaboration's potential.
Joerg Winkler, founder and chairman of Concept IF, emphasized the importance of optimally securing oneself to avoid financial risks in case of emergencies. Christine Schoenteich, a member of the management board at Fonds Finanz, commented that Concept IF is a strong product partner in the property and casualty insurance area.
The risk insurers in the Concept IF Pro and BIZ product lines are typically specialized insurance companies designated by the providers of these products; specific names may vary by region and policy details. Connected brokers of Fonds Finanz will now have access to the exclusive insurance products of Concept IF from the Pro and BIZ product lines.
This collaboration is focused on expanding Fonds Finanz's portfolio in the property and casualty sector, providing a more comprehensive range of insurance solutions for businesses and their managers. By working together, both companies aim to offer insurance products that cater to the unique needs of their clients, ensuring they are well-protected in the face of potential risks.
