Credit Life International Services GmbH poised for Europe-wide launch

Neuss, 18 January 2011: Armed with innovative insurance products giving protection against payment default, plus a range of customer-friendly services, Credit Life International Services GmbH is launching itself on the European market. Under the umbrella brand name ‘Credit Life International’, a joint venture between Talanx’s Bancassurance group and the RheinLand Versicherungsgruppe is now offering its products Europe-wide, guaranteeing market coverage in all major countries in the near future.

The Bancassurance division of Talanx, Germany’s third largest insurance group, and the RheinLand Versicherungsgruppe, each have a 50 per cent share in Credit Life International Services GmbH. The two partners are German leaders in payment protection insurance (PPI), and in Credit Life International they have bundled their PPI skills and resources to create a Europe-wide business model. The basis for their European collaboration is the existing Talanx network together with the existing foreign business of Credit Life International.

Reliable service from a one-stop shop

Credit Life International, with its outstandingly flexible security solutions, is a reliable and committed partner, offering protection not only to financial service providers like banks and credit brokers, but also to businesses like telephone companies and energy providers, and to borrowers themselves, against temporary or long-term payment default risks. This means that (for example) bank customers taking out a loan to buy a car or home can secure themselves against unforeseeable risks such as disability to work, unemployment or death.

Security for credit – Europe-wide

‘Today more than ever, securing recurrent payment obligations is especially important, because the economic and financial crisis has exacerbated the need for security in the credit business. In the eastern European market particularly, the demand for security for loans and payment obligations has increased. But established markets in western Europe are also calling for experienced PPI providers with an international presence,’ says Michael Nerge, managing director of Credit Life International Services GmbH. ‘Thanks to the RheinLand Gruppe’s specialisation and decades of know-how in the PPI field, coupled with the international network of the Talanx group, we can ensure that the Credit Life International brand offers our customers optimal solutions against payment default – Europe-wide, with the greatest possible security and a fully individual and customer-oriented service,’ agrees Andreas Schwarz, managing director of Credit Life International Services GmbH. ‘On this basis we are out to recruit international businesses as new customers.’

The Talanx Bancassurance group
Talanx’s Bancassurance group bundles Talanx’s bancassurance business and has three big German and three international partners. These companies, with premium income of 2.75 billion euro in 2009, are a key factor in Talanx’s success. The German bancassurance companies include PB Versicherungen, in partnership with the Postbank; TARGO Versicherungen, in partnership with TARGOBANK; and neue leben Versicherungen, in partnership with a number of German savings banks. For further information visit www.talanx.de.

The RheinLand Versicherungsgruppe
Founded in 1880 and based in Neuss, the RheinLand Versicherungsgruppe includes several insurance companies serving a range of sales channels and target groups: RheinLand Versicherung handles the group’s own sales force; ONTOS Levensversicherung deals with term life insurance, Rhion Versicherung with broker insurance; and Netherlands-based Credit Life International handles bank sales. The holding company for the group is RheinLand Holding AG. For further information visit www.rheinland-versicherungsgruppe.de.

Credit Life International Services GmbH
Hans-Willi Knopf
RheinLandplatz
41460 Neuss
Tel: +49 2131 2010 7040
Fax: +49 2131 2010 17039
www.creditlife.net
presse@creditlife.net

This release was published on openPR.