ERGO and Santander Germany conclude partnership

22 November 2021 — Andrei Victor
German insurer ERGO and Santander Consumer Bank, Germany's fifth-largest credit institution, have agreed on a new partnership. In the first half of the coming year, the two companies will optimize their product offering for their customers as part of a strategic partnership.

Thus, according to the partnership, Santander Germany will supplement its Germany-wide insurance offering with pension products from ERGO. The focus will be on products for individual old-age provision and in the area of death provision.

In addition, ERGO has already been offering the new ERGO Card, a VISA credit card from Santander Germany with additional insurance benefits, since mid-September 2021. When the partnership begins in the first half of 2022, ERGO will also offer its customers credit products from Santander Consumer Bank AG.

Olaf Blaser, Member of the Board of Management of ERGO Deutschland AG, responsible for Sales, is confident in the potential of this new cooperation: "We are very much looking forward to the successful partnership with Santander Germany. Long-term cooperation make it possible to reach new target groups with the respective products and to grow together."

Fernando SILVA, Member of the Management Board of Santander Consumer Bank AG, sums up: "With ERGO, we have gained a strong insurance partner. The high-performance products complement our existing range, enabling us to offer our customers optimized pension solutions tailored to their individual needs." In the coming weeks, Santander will present the relevant ERGO products to its sales staff and identify advantages for customers. Active sales will then begin in the first half of 2022.

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