ConceptIF Group AG: Insurance professionals place their trust in Hamburg Commercial Bank

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.

Concept IF

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.

Concept IF Logo

Insurance market: speed thanks to digitalization

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.

“Stable payment transaction systems and the dedicated support team at Hamburg Commercial Bank enable us to implement fast and lean processes.“

Jörg Winkler, Chairman of the Board of Management of ConceptIF Group AG

Long-standing partnership with HCOB

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.

“We have been accompanying the ConceptIF Group on its successful path for many years. Our partnership is characterized by speed and maximum reliability“

Torsten Rösner, Sales Manager Cash Management & Trade Finance bei der Hamburg Commercial Bank

Would you like to learn more about the payment transactions of the future?

Contact us, we are looking forward to the dialogue.

Torsten Rösner

Cash Management Corporates & Project Finance

Phone: +49 40 3333-13773
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