Swiss Re's iptiQ and November launch strategic partnership to bring new "Whole of Life" insurance to Germany
Zurich, 12 April 2022 - Swiss Re's digital B2B2C insurer iptiQ and November, Germany's leading online provider of funeral provisions, enter into a ten-year partnership and bring a new joint "Whole of Life" offering to the German market.
"Whole of Life" insurance is a policy that guarantees a payout when the customer dies. The newly launched funeral cover of iptiQ and November is aimed at covering burial expenses of November's customers and will be marketed on their platform www.november.de, with additional sales support provided via November's customer consultants. It targets all German consumers between the age of 40 and 75.
Andreas Schertzinger, CEO iptiQ EMEA, said: "We are pleased to launch our pilot project, developing, and offering a white label "Whole of Life" insurance product in the German market with November. This partnership leverages our digital expertise with November's online marketing and sales proficiency and provides November´s customers with a premium product to take care of their last wishes."
"We know that provisioning for the final stages of life takes courage, but it is a big help for one's family. That is why at November, we make it as easy as possible. Through our digital platform, complemented by personal consultation, we support our customers at every step along the way. We are very excited to partner with iptiQ, as our companies share the same belief in innovative, technology-driven solutions. Our joint "Whole of Life" product represents an important cornerstone of November's tailor-made, affordable and trusted funeral provision offering," said Robin Klemm, Co-Founder and CEO at November.
November, the consumer brand of Everlife GmbH, is the leading online funeral provision platform in Germany, founded in 2016 and headquartered in Berlin. With a significant market share and reaching more than 12 million unique visitors per year, November develops and markets innovative premium end-of-life products that help families relieve themselves of the organisational and financial burdens of a funeral.
Biometrical life insurance solutions are among iptiQ EMEA's key products. The insurance solutions aim at protecting families and are easy to understand and purchase. The deal reinforces iptiQ's presence in Germany, where it has been operating since 2014. The partnership with November provides Swiss Re's InsurTech with access to a strong local brand with remarkable online marketing, sales expertise, and fast-growing customer base with the aim to bridge the precautionary gap in provision for the final arrangements.
iptiQ
iptiQ is a global InsurTech providing a cutting-edge digital insurance platform, world-class underwriting capabilities and high-value life and non-life insurance products. Its digital platform helps carriers and distribution partners accelerate access to new customers and products. iptiQ was created by Swiss Re, a global financial services organisation and leading wholesale provider of reinsurance and insurance.
To learn more, visit www.iptiq.com
November
With more than 12 million annual users, November is Germany's leading provider of funeral provisions.
With a diverse team of more than 90 people, November develops and markets innovative premium end-of-life products that help families relieve themselves of the organizational and financial burdens of a funeral while they are still alive. In the event of death, November works with an experienced team of morticians, decorators, florists and speakers to arrange funerals throughout Germany.
With the November Portal, November offers the possibility of a 360-degree protection through digital provision products such as insurance, decrees and storage of personal documents, memories and wishes. November counts thousands of very satisfied customers.
Media relations contact:
Nicole Egger
Swiss Re Group Media Relations, Zurich, Switzerland
Telephone: +41 43 285 84 82
Email: [email protected]