SLOVENIA: ERGO and ALLIANZ sign a Distribution and Service Framework agreement for the ERGO Non-Life unit
"The Non-Life business of the ERGO branch is no longer writing new business and is to be dissolved", as the ERGO's representatives pointed out in a statement. The parties did not provide any further details of the agreement.
At the same time, as part of the overall agreement, ERGO Versicherung AG in Vienna and ALLIANZ Zagreb in Croatia will sign an Agency Agreement. "In the context of the agreement ERGO customers in Slovenia will get the offer to cover comparable ALLIANZ insurance policies substitutional to their current ERGO contracts".
In 2018, premium income of ERGO's Non-Life branch in Slovenia was EUR 13.1 million (GWP), which corresponds to a market share of 0.6 percent.