Erste Bank Hungary, part of Erste Group, has introduced Flight Delay Insurance within their George app, powered by insurtech company Companjon. This service allows retail forint account holders to protect their travel plans against flight delays.
Service Details
- Purchase Window:Insurance can be bought between 180 to 7 days before the flight.
- Cost: HUF 1,999 per ticket.
- Compensation: Offers HUF 16,000 for delays of one hour.
- Automation: Claims are processed and credited automatically.
László Harmati, Deputy CEO of Erste Bank Hungary,highlighted the bank’s focus on personalized and innovative solutions
Erste is making its services increasingly personalized and tailored. We believe that by implementing the latest digital solutions, such as Flight Delay Insurance, we can contribute to our customers’ efforts to retain their financial health. In addition to making daily finances easier, our offering is expanded by auxiliary services that create real value for customers. Consequently, Erste combines the novelty of fintech and insurtech solutions with the reliability of traditional banking.
The service is designed to offer hassle-free compensation, ensuring that customers receive timely financial support in the event of flight delays. This aligns with Erste Bank’s commitment to providing user-friendly and efficient financial products.
Matthias Naumann, CEO of Companjon, emphasized the partnership’s role in enhancing digital services for customers:
The launch of Erste Flight Delay Insurance comes at a most exciting time with summer travel season approaching. It has been a privilege to partner with Erste Bank Hungary on this service, supporting them in their endeavor to expand and improve their offering of personalized, tailored digital services to their customers. We look forward to the opportunity to design and implement more modern insurance solutions with Erste Bank that will continue to boost their digital ecosystem, delight their customers, and differentiate themselves from their competition.
