At this year's Insurance Conference Munich (inscom) Hannover Re was the recipient of the "I3 Award" in the category of Design Innovation for the "Energie Einspar Protect" (EEP), an energy savings product developed jointly with b2b Protect GmbH.
Hannover, 9 October 2014:
At this year's Insurance Conference Munich (inscom) Hannover Re was the recipient of the "I3 Award" in the category of Design Innovation for the "Energie Einspar Protect" (EEP), an energy savings product developed jointly with b2b Protect GmbH.
The prize is awarded in recognition of business models, services and products designed by companies that have the potential to deliver fresh impetus to the insurance sector and further advance the industry's development.
The EEP policy enables providers of energy-saving measures to offer their customers a warranty for the efficiency of their solution. If the measure fails to deliver the promised savings, the customer receives a compensatory payment from the insurer. This product opens up new potential to generate premium while at the same time making an active contribution to climate protection.
"We see this award as affirmation of our continued efforts to develop new risk solutions going forward and thereby position ourselves as an innovative partner for our clients", Chief Executive Officer Ulrich Wallin stated.
Hannover Re is one of the world’s leading reinsurers. It transacts all lines of property & casualty and life & health reinsurance and is present worldwide with more than 3,500 staff. German business of the Hannover Re Group is written by the subsidiary E+S Rück. Established in 1966, Hannover Re is recognised as a reliable partner for innovative risk solutions, exceptional customer intimacy and financial soundness. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior".
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