NN Romania is the first insurance company to partner with Romanian Fintech Association, the leading association of fintech companies and startups focusing on digitalization in the financial services industry in Romania. Through this partnership, NN plans to significantly contribute to the digital transformation of the insurance and private pensions sectors, as part of the company’s strategy to provide a relevant digital experience to customers.
“NN started its digitalization journey several years ago and today we integrate digital tools, platforms and solutions benefiting both our team and our more than 2.2 million unique clients in Romania. Our focus as market leaders is to raise awareness about insurance products and make the more and more accessible to all Romanians. The journey will be long, but we are committed to it. To take our mission further, we have been combining our strengths with the skills and mindset of innovative startups and we are now joining forces with Romanian Fintech Association. This way, we can enhance our connection with entrepreneurial communities that deliver innovation and contribute to the development of insurtech in Romania and we can enlarge the ecosystem of experts and creatives that will bring new resources to the mission”, says Gerke Witteveen, Interim Chief Executive Officer at NN Romania.
As leader in its markets, NN has strong focus on digitalization and has made it a strategic priority to be there for its customers in ways that are truly relevant, helping them to protect what matters most. Assisted by digital tools, customers can interact with insurance products in an end-to-end digital experience.
The online purchasing flow ensures a rapid process for contract issuing, in most cases of less than an hour from digital signing and payment, with all necessary documents accessible online. Afterwards, customers have real time digital access to all the information they need about their contract through the NN Direct mobile app and they can interact online with NN to access their benefits.
“We are very happy that a player of such scope in the insurance industry as NN understands the importance of supporting local innovation in the financial industry, becoming a partner of the Romanian Fintech Association. The partnership started today honors us and we hope to bring many opportunities for innovation both for the member companies of our association and for insurance market in general that can be enhanced by a legislative framework supportive to digitalization in the benefit of customer,“ said Cosmin Cosma, President of the Romanian Fintech Association and Finqware co-founder.
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NN is the first international life insurance company to enter the Romanian market in 1997, and for 13 years it has also been active in the private pensions segment, being a leader in its markets. At the same time, the company’s activity includes investment management, and NN has expanded in the health insurance market and, recently, in the general insurance market, by adding housing insurance to its portfolio. NN has almost 2,000 employees and financial consultants and supports over 2.2 million insurance and pension customers, a quarter of Romania’s active population, to protect everything that matters most to them.
The Romanian Fintech Association was founded in January 2020 and currently brings together 19 members representing start-ups and scale-ups in the financial technology industry (fintech). It has two well-founded objectives since its founding: connecting the association to national and European financial authorities that can impact the fintech industry, but also creating and facilitating as many development opportunities for members of the association.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
