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comdirect - eine Marke der Commerzbank AG

ots Ad hoc-Service: comdirect bank AG <DE0005428007> comdirect participates in censio AG and starts an innovative online insurance platform

Quickborn (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
comdirect bank AG, Quickborn, (Security identification number 542
800) takes over a 7.5 per cent share in censio AG, Oestrich-Winkel.
With the financially backed, long-term strategic partnership,
comdirect, Europe's largest direct broker, is branching out into
insurance via the Internet and is thus forcing the development of the
financial city.
With censio, comdirect is creating an Internet platform which for
the first time offers interested parties a comprehensive survey of
the market and range of complex insurance products. After input of
personal details users are given a selection of qualitative criteria
for insurance services. As a result of the assessment of
requirements, the individual requirements of the interested party can
be specified in a graded way on a level not hitherto achieved. The
resulting tailor-made and individual insurance quote can be concluded
online.
censio has more than 40 distribution agreements with insurance
companies and will expand its product range from this month to all
relevant, private insurance branches.comdirect will start with life
insurance first of all in the third quarter 2000.

Contact:

comdirect bank Aktiengesellschaft Thomas Berger, Investor
Relations Tel. 04106 / 704 - 1960

End
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