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ots Ad hoc-Service: ERGO Vers.gruppe AG <DE0008418526> ERGO Versicherungsgruppe and Deutsche Telekom to set up an Internet marketplace for financial services

Düsseldorf (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
ERGO Insurance Group and
Deutsche Telekom are forming a strategic partnership to set up a
virtual financial services marketplace in the Internet. This landmark
joint venture sets the stage for new virtual services and online
applications for whole new groups of customers. The two companies are
thus ushering in a new era in the financial services sector.
The joint venture enables the companies to offer the 40 million
Deutsche Telekom customers and 15 million ERGO customers attractive
insurance, financial and telecommunications services.
With the expertise and know-how of Deutsche Telekom, ERGO and its
four brand-name insurers VICTORIA, Hamburg- Mannheimer, DKV and
D.A.S. will now be able to press ahead even more vigorously with the
expansion of their online activities. Deutsche Telekom has a wide
range of innovative product solutions for Internet business
activities. T-Online has 5.3 million customers throughout Europe,
making it Europe's largest Internet provider. ERGO intends to become
much more strongly involved in e-business and further expand its
service leadership via the Internet.
In order to set up and operate a central and neutral platform for
e-business applications in the insurance and financial services
sector, the partners are preparing concepts for online services in
the business- to-consumer and business-to-business segments. The
joint venture will be able to draw on experience gained in other
joint activities to date. The new marketplace for financial services
is to be implemented in the T- Online portals in the very near
future.
The joint venture is pursuing the strategy of putting Internet
communication to greater use by setting up Web portals for private
and business customers. At the same time, the ERGO Insurance Group
can make the wide market presence of Germany's largest online service
an integral part of its sales strategy.
ERGO Versicherungsgruppe AG The Board of Management
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