DEFEND INSURANCE GROUP enters the German market
Leading specialty insurance administrator is now operating in 8 European countries
PRAGUE, Czech Republic (1st September 2022) – Following its recent expansion into Lithuania, DEFEND INSURANCE GROUP ("DIG") is also entering the German market. This is the eighth country in which the Central European market leader in the field of specialty car insurance is active. In Germany, DIG is offering its extended warranties for used cars from today onwards through its strategic partner Driverama, a company specialising in online trading of used cars.
DIG is also expanding its core product line of DEFEND Car Protect extended warranties to the West and has been selling them in Germany as of September. The strategic partner for this market is the fast-growing company Driverama, founded by the AURES Holdings group, which operates, among other things, the AAA AUTO car centre network.
"We have been working with AURES Holdings and AAA AUTO in particular in several European markets for almost 20 years and during that time we have built a strong partnership and mutual trust that allows us to deliver ever better tailored insurance products to their customers. So, we were delighted to take on another challenge and provide extended warranties for clients of their online used car trading platform Driverama, in Germany," says Andrew Quirke, Managing Director of DEFEND INSURANCE GROUP.
Driverama focuses on online buying and selling of used cars. Since opening its first branch in July 2021, the company has expanded rapidly in the German market and now has 9 branches there. It also enjoys high customer trust, which has made it the most trusted platform for selling used cars in Germany according to Trustpilot.
"We share with Driverama a similar vision and focus on the customers and their needs. Key for us are in particular, excellent customer service and transparency. And like Driverama, we also see a future in the online world," adds Andrew Quirke.
Stanislav Gálik, Chairman of the Board of Driverama, commented: "We are very pleased to cooperate with such an experienced player which has been a solid partner for Aures Holdings for many years across several markets. We believe that this partnership will enable both companies to bring excellent value and great customer service to German customers."
The DEFEND Car Protect extended warranty can be arranged in Germany for vehicles up to 8 years old with a maximum mileage of 200,000 kilometres. This is ideal for Driverama's clients, because Driverama offers vehicles with an average age of 4 years. Protection at the level of the manufacturer warranty can be arranged for up to 3 years. The insurer of DEFEND Car Protect warranties is Fortegra Europe Insurance Company Limited with a prestigious A- rating from AM Best. Customers in Germany can therefore also rely on the financial strength and quality of this leading international insurance company.
"I am very pleased that we are entering our second market with our strategic partners this year and are now operating in a total of 8 European countries. Buying a car is a big financial decision for both individuals and families in any country and our warranties help them minimise the risk of having to pay for expensive car repairs in the future, which is more important than ever in the current economic and geopolitical situation," concludes Andrew Quirke.
About DEFEND INSURANCE GROUP
DEFEND INSURANCE GROUP companies provide specialty insurance solutions for the automotive sector and handle claims, focusing on extended warranties, GAP insurance, MOT insurance and other innovative products. Driven by a mission to exceed customer expectations by delivering peerless automotive solutions and customer support, DEFEND empowers customers to worry less and Experience More and makes a significant contribution to their satisfaction and loyalty to DEFEND's almost 4,000 partners across the Czech Republic, Poland, Hungary, Slovakia, United Kingdom, Romania, Lithuania and now Germany. In 2022, DEFEND will process more than 400,000 policies and 28,000 claims.
Driverama is a new online platform for trading used cars in Europe. Driverama is a new brand, concept and business entity launched and developed by AURES Holdings. It combines the best of all channels in the used car trading industry - the know-how and physical infrastructure of the AURES Holdings group, together with its years of unique experience in data collection and analysis, machine learning tools, artificial intelligence and proprietary algorithms.