Torsten Rösner
Cash Management Corporates & Project Finance
March 2022 – Independent, smart and digitally driven underwriting professionals like Hamburg-based ConceptIF Group AG play a central role in ensuring that customers receive the right policies quickly and conveniently. Those who move as fast as ConceptIF thus need a competent banking partner who is able to keep up. Hamburg Commercial Bank has been demonstrating its fitness in payment transactions throughout the long-standing partnership.
If you want to learn new foreign words, you'll find them in the insurance sector. "Assekuradeur" (German for "underwriting agent") is a perfect example. Founded in 1999, the underwriting agent ConceptIF Group underwrites insurance contracts in its own name, but for the account of others. In addition, the Hamburg-based concept developers are pool service providers for independent agents. They can handle and manage their property insurance business with more than 85 insurers online via the ConceptIF platform.
The subsidiary ConceptIF Pro GmbH develops customized products for all areas of private property insurance, such as household contents, liability or accident insurance. ConceptIF BIZ GmbH, in turn, designs market-leading insurance solutions for the commercial sector. Well-known partners like Allianz Versicherung-AG, Zurich Insurance plc. NfD, Grundeigentümer Versicherung and SparkassenVersicherung act as risk carriers.
In short, ConceptIF is one of the players in the composite business for independent agents on the German insurance market. The company's service is characterized by fast application processes with an online policy underwriting process that takes only a few minutes, transparent information on the status of new and existing business, and support in claims settlement. With a portfolio of currently 430,000 insurance policies and some 20,000 transactions every month, the company has no time to lose.
High-quality services with extremely lean and fast processes: The high quality of the services has been repeatedly confirmed by external well-known rating agencies – for example in 2019, 2020 and 2021 with the highest rating of "Excellent" by the market experts at Assekurata Solutions AG. What ConceptIF promises and delivers to its customers, it also demands from its banking partners. Hamburg Commercial Bank has been assisting the underwriting professionals for many years providing support, for example, in SEPA payment transactions, setting up accounts quickly, securely and reliably, or setting up or changing electronic authorized signatories.
Contact us, we are looking forward to the dialogue.