DGAP-News: Netfonds' finfire becomes technology partner at first company long-term care insurance

Netfonds' finfire becomes technology partner at first company long-term care insurance

- NVS Netfonds becomes advisory and technology partner for the new company long-term care insurance of IG BCE Bonus Agency, a subsidiary of IG BCE and Henkel
- Offer is aimed at about 10,000 employees of the company in Germany
- Consulting and administration are handled via Netfonds' finfire platform

Hamburg, 8 March 2019 - Netfonds AG (ISIN: DE000A1MME74), a leading platform for administration, advisory, transaction processing and regulation for the financial industry, through its wholly-owned subsidiary NVS Netfonds-Versicherungsservice AG and its digital platform finfire, becomes the consulting and technology partner for the new company long-term care insurance of Henkel Germany in cooperation with Industriegewerkschaft Bergbau, Chemie, Energie (IG BCE) and the DFV Deutsche Familienversicherung.

Under the name CareFlex, the employees of Henkel Germany will now receive an industry solution that is so far unique in the German collective agreement landscape, in which they can put together their care plans according to their individual needs and, in addition, can secure their family members. The IG BCE Bonus Agency, a subsidiary of IG BCE, will offer independent and individual advice to employees as a service provider. Considering the respective regional care offers, the appropriate pension solution is identified and possible gaps in coverage are closed.

The Netfonds Group supports the processes as consulting and technology partner via its new digital platform finfire. "The results of the advisory processes are handed over directly to the HR department of the Group via finfire. The data can thus be processed without manual intervention, which gives the entire process a whole new level of efficiency and transparency, "explains Oliver Kieper, Member of the Management Board of Netfonds AG. "The first project of this size has already shown that finfire is tailor-made to meet the new requirements of the financial and insurance industry and that the platform is working well immediately after launch." Since the project was launched in November 2018, more than 3,000 advisory processes have been successfully handled via finfire. "After the launch of finfire in the fourth quarter, we have virtually become the number one platform for company long-term care insurance", continues Kieper.

"The increased participation of companies in long-term care insurance and the implementation of the so-called Betriebsrentenstärkungsgesetz, a German law to promote company pensions, are political will. With the successful implementation of the first major project we are well prepared for future mandates of this kind. NVS Netfonds can thus make an important contribution to the digitization strategy in the area of company pension schemes. The first inquiries from other major industrial customers have already been received," says Board Member Oliver Kieper.

Further information on the Netfonds Group and its affiliated subsidiaries can be found at www.netfonds.de.

Kontakt

Ingo Middelmenne
Head of Investor Relations
Netfonds AG
Heidenkampsweg 73
20097 Hamburg

Mobile: +49 - 174 - 90 911 90
Phone: +49 - 40 - 822 267 355
Email: imiddelmenne@netfonds.de

About the Netfonds Group

The Netfonds Group is a leading platform for administration, advisory, transaction processing and regulation for the German financial industry. Under the finfire brand, the company provides its customers with a web-based technology platform that enables financial industry users to fully, safely, and above all fully compliant with the relevant MiFID II requirements in financial market transactions. The offer is tailor-made for a wide variety of day-to-day business requirements, from fund management companies, asset managers and financial advisors to specialist banks and insurance companies. Customers of Netfonds thus benefit from the most modern software solution on the market, which simplifies the advisory process, makes it secure and enables target group-specific product marketing. With a total of 165 employees, in 2017 the company generated gross consolidated sales of EUR 86 million and net sales of EUR 17.1 million. The shares of Netfonds AG are listed in the m:access of the Munich Stock Exchange and can be traded via XETRA.

About IG BCE

The Industriegewerkschaft Bergbau, Chemie, Energie (IG BCE) is with approximately 645,000 members the third largest union in the German trade union federation. The organizational sectors include the mining, chemical, energy, petroleum and natural gas, glass, rubber, ceramics, plastics and non-metallic materials, leather, paper, environment, water and utilities sectors. Currently, more than 3,000 collective agreements have been concluded by IG BCE for its members. Chairman since 2009 is Michael Vassiliadis. The IG BCE emerged in 1997 from a merger between the IG Chemie-Papier-Keramik, the IG Bergbau und Energie and the Gewerkschaft Leder.