GWS and ERV sign multi-year agreement for seven million subscribers with initial order value of SEK 15 million
ERV, one of the largest specialized companies in Europe for private and business travel insurance has signed an agreement with mobile technology and personal safety company GWS Production AB (GWS). The initial guaranteed order value of SEK 15 million includes development and operations for a first roll-out of a Safeture technology based App to seven million subscribers and may increase over time.
The agreement means that ERV is launching GWS App and travel safety information to ERV´s policyholders based on the GWS service Safeture and supplemented by ERV specific content. Safeture is a personal mobile-based safety service that provides users with information and updates in real time about events that may affect the person's travel plans and safety. ERV will offer its customers the service as part of its travel insurance offer.
"It is very pleasing that we can now announce success in another of our strategic verticals. ERV is a large and well-known travel insurance company that is active worldwide and we have great confidence that the initial seven million subscribers will increase, and thus the order value in the long term, "says Andrew Rodman, CEO of GWS Production AB.
"As experts in travel insurance solutions, it feels very good to be able to be the first in our industry to offer the revolutionary product Safeture to our customers. The collaboration gives us a new opportunity to an easy and efficient way of distributing vital information and reduce our claims costs. "Says Marco Silano, International Business ERV / ERGO.
Trends that supports the rapid growth of the personal security market and drive the need for advanced solutions for managing risks related travelers are;
• Globalization of the workplace - companies are sending more and more employees abroad
• Legislation - companies are experiencing increased legal and moral requirements to provide security for the employees and protect their health.
• The global travelling, both leisure and business travel continues to increase.
ERV is an expert travel insurer, focused on customer service - providing excellent service quality and assistance. For the last 100 years, ERV has shaped history in the field of travel insurance. As one of the leading travel insurers in the world, ERV is represented in over 20 countries around the world with market leadership in key European countries including its home market Germany. With its international network, ERV ensures that its customers receive optimal service before, during and after their trip.
ERV is the specialist for travel protection within the ERGO Insurance Group and thus part of Munich Re, one of the world’s leading reinsurers and risk carriers. More at www.erv.com.
The GWS share is listed on NASDAQ OMX First North Stockholm. Sedermera Fondkommission is the company’s Certified Adviser.
For further information please see www.safeture.com or contact CEO Andreas Rodman, +46 (0)708 10 13 16 or email@example.com or Marco Silano, International Business ERV / ERGO, +49 221 578 3912, Marcus.Silano@ergo.de.
Global Warning System meets a growing need to protect employees and family members when travelling abroad, through tracking and by providing valuable real-time information on disasters and other threats that can affect a traveler. Sedermera Fondkommission is the company’s Certified Adviser.