JDC Group’s success story – The company JDC Group AG continues to be successful and is further expanding its cooperation with insurance companies and brokerage companies. After the already successful collaborations with Bain Capital Insurance and Canada Life Irish Holding Company (foundation of Summitas Group GmbH), the Ecclesia Group, the joint venture with eVorsorge, Plug.InSurance GmbH, the entry into S-Fin Smart Financing GmbH, the cooperation with a subsidiary of R+V Versicherung, another cooperation with the Gothaer insurance group, is the JDC Group AG, one of the largest service and technology platforms for financial service providers in Europe.
Course for success – JDC Group strengthens cooperation with brokerage companies
The JDC Group AG – with the board members Dr. Sebastian Grabmaier and Ralph Konrad – is still on the road to success and has agreed on new collaborations with the Provinzial Group (which has a stake of around 5% in JDC Gruop) – an exclusive cooperation agreement with Sicher gut supervised Versicherungsvmietung GmbH (SGB) and another exclusive cooperation agreement with FidesSecur Versicherungs- und Wirtschaftsdienst GmbH.
Provincial Group – participation in JDC Group
Provincial participates in JDC Group AG as a strategic partner and acquires five percent of the company shares. With this step, the Provinzial Group is further expanding its digital platform capabilities. In addition, significant business and earnings growth in bancassurance is expected in the future.
JDC Group AG (ISIN DE000A0B9N37) is selling around 5% of the shares that it acquired from two share buyback programs over the past few years to the Provinzial Group, the second largest public insurer in Germany. Both sides signed a corresponding share purchase agreement today. The JDC will thus receive around EUR 13 million in liquid funds. Hidden reserves of around 7 million euros will be raised, by which the JDC Group’s equity capital will increase.
The JDC Group’s success story – joint venture with Provinzial
The existing joint venture with Provinzial, Simply-gut-versicherung GmbH, serves to process third-party insurance products for private customers within the savings bank sales in the Provinzial business area. For this purpose, an interface to the savings bank insurance manager has been created, which is intended to become the central IT system of the public insurers in the insurance platform business for private customers. Sparkasse customers can thus receive a complete overview of their financial and insurance products and, in addition to accounts and deposits in online banking, can now also see their insurance contracts in the Sparkasse Insurance Manager.
Provincial as a shareholder of JDC
The very long-term cooperation between Provinzial and JDC is now strategically underpinned by the participation. “We warmly welcome Provinzial as a shareholder of JDC,” says Ralph Konrad, CEO of the JDC Group. “The cooperation with the savings banks via the S-VM has gotten off to a good start. We were able to sign long-term contracts with Provinzial, Sparkassen Versicherung and VKB and can therefore basically serve around 300 of the 370 German savings banks. The fact that, in addition to VKB, Provinzial is now a shareholder in the company, shows the long-term and strategic commitment to JDC in business with the savings banks.” “The strategic investment in JDC is an important step in further expanding our digital platform capability “Strengthen us,” said the Chairman of the Provinzial Group, Dr. Wolfgang Breuer. “Thanks to this long-term partnership, we will further deepen our experience from previous collaboration and achieve an even better transfer of know-how. We also expect significant business and earnings growth in bancassurance and beyond. We are therefore very pleased to now be able to participate in the further development of JDC as shareholders.
Course for success – exclusive cooperation agreement with Sicher gut supervised Versicherungsvmietung GmbH
JDC Group and “Sicher gut supervised Versicherungsvmietung GmbH” (SGB) sign an exclusive cooperation agreement for the savings banks’ insurance business in the SparkassenVersicherung (SV) business area.
Course for success – JDC Group and Sicher gut supervised Versicherungsvmietung GmbH (SGB) sign an exclusive cooperation agreement
● The aim is to look after all insurance matters of the Sparkasse Group’s customers via the Sparkasse Insurance Manager (S-VM) or the JDC platform.
● In the future, savings banks will be able to offer their customers support for insurance contracts from other insurance companies in addition to supporting and arranging SV insurance contracts.
JDC Group – insurance brokerage cooperation agreement
JDC and SGB (a joint venture between SV and MRH Trowe) have signed a long-term and exclusive cooperation agreement in the area of insurance brokerage for private customers of the savings banks. To date, the savings banks in the SV’s business area have generally only provided their customers with SV insurance contracts. In order to support their end customers in the future in servicing contracts from other insurance companies, insurance contracts of savings bank customers outside of the support and brokerage of SV products should be processed via an interface to the S-Versicherungsmanager (S-VM), which is already established at the savings banks JDC-Plattform bundled and looked after by the SGB.
In the future, the SGB will exclusively use the services and tools of the JDC platform. After successful piloting, the approximately 100 savings banks in the SV’s business area will gradually be connected to the SGB’s services. In addition to the VKB and Provinzial, the SV is now also relying on cooperation with the JDC with its joint venture SGB. This means that for the next few years we will be the third-party insurance partner for the three largest public insurers, who together have almost 20 billion in premium income,” says Ralph Konrad, CEO of JDC Group AG. “Of the approximately 350 savings banks in Germany, almost 300 savings banks will in principle be able to access the S-VM and thus also the JDC services in the future. This is huge potential for JDC.”
Course for success – exclusive cooperation agreement with FidesSecur Versicherungs- und Wirtschaftsdienst GmbH
JDC Group AG and FidesSecur Versicherungs- und Wirtschaftsdienst GmbH sign an exclusive cooperation agreement – JDC and FidesSecur Versicherungs- und Wirtschaftsdienst GmbH sign an exclusive cooperation agreement for the insurance business of the savings banks in the business area of the Bavarian Insurance Chamber (VKB)
Course for success – JDC Group and FidesSecur Versicherungs- und Wirtschaftsdienst GmbH sign an exclusive cooperation agreement
● The aim is to look after all insurance matters of the savings bank group’s customers via the savings bank insurance manager (S-VM) or the JDC Plattform.
● In the future, savings banks will be able to offer their customers support for insurance contracts from other insurance companies in addition to supporting and arranging VKB insurance contracts.
JDC Group – cooperation agreement with FidesSecur
JDC and FidesSecur Versicherungs- und Wirtschaftsdienst GmbH, a subsidiary of Versicherungskammer Bayern (VKB), have signed a cooperation agreement in the area of Insurance brokerage for private customers of the savings banks. To date, the savings banks in the VKB business area have only provided their customers with VKB insurance contracts. In order to support their end customers in the future in servicing contracts from other insurance companies, insurance contracts of savings bank customers outside of the VKB product range are to be bundled on the JDC platform via an interface to the S-Versicherungsmanager (S-VM), which is already established at the savings banks be looked after by FidesSecur.
Broker management program iCRM
To this end, FidesSecur will in future use the services and tools of the JDC platform so that the third-party contracts will be bundled and managed within JDC’s own broker management program iCRM. After a pilot phase, the roll out to all savings banks in the VKB business area is scheduled to start in the first quarter of 2024.
“We want to establish ourselves as the insurance partner for the savings banks in Germany in the future,” comments Ralph Konrad, CEO of JDC Group AG. “We are therefore very pleased that, after successful project work, we are now collaborating with the savings banks via the S-Versicherungsmanager alongside Provinzial “We can also expand into the VKB’s business area.”
JDC Group AG – Jung, DMS & Cie.
JDC Group AG (ISIN: DE000A0B9N37) offers a digital platform for insurance, investment funds and all other financial products and services under the brands Jung, DMS & Cie., allesmeins and Geld.de. By offering and processing all product providers in the financial market with a complete product range and complete data and document supply, it creates the perfect workplace for financial intermediaries of all kinds (brokers, representatives, company-affiliated intermediaries, banks, exclusive organizations, FinTechs) via its viewing systems and interfaces real financial home for financial services customers.
Using a smartphone app, tablet or PC, customers and agents receive a complete overview of their individual insurance and fund portfolio, simple contract routes and transfer options and also a complete overview Market comparison, so that customers and advisors can optimize insurance and provision easily and with an ideal performance-cost ratio. Around 250 well-trained advisors under the FiNUM brand complement the platform offering for demanding and upscale private customers.
JDC Group – ESG Kriterien
With more than 16,000 connected platform users, around 1.6 million customers, annual sales with a valuation of around two billion euros, a fund portfolio of over five billion euros and annual insurance premiums of now over 1 billion euros, we are one of the market leaders in German-speaking countries. JDC focuses on sustainability and has developed it ESG criteria committed: As a digitalization service provider, JDC helps to save tons of paper and make the everyday life of financial intermediaries and customers easier.
2023-10-07 13:59:45
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