Various insurance groups and portfolios that we have acquired within the past seven years since the company was founded are currently subsumed under the umbrella of InsurEvolution. This enables us to operate in the majority of countries of Central and Eastern Europe.
We are divided into four business units, each of which represents its own niche in the insurance market and where we see potential for further development.
The business unit “Run-Off” comprises the portfolios of several life insurance companies from Switzerland and the Principality of Liechtenstein. The administration of the portfolios of the risk carriers listed below, which are combined on a single administration platform, is mainly carried out from Liechtenstein. The Run Off business unit achieves substantial efficiency gains through automation and by standardizing processes and procedures in the areas of customer service, sales management, claims processing, actuarial services, IT and accounting.
Youplus Assurance AG PPLI Unit offers European residents of the European Economic Area (EEA) and in selected worldwide countries tailored life insurance products, commonly known as Private Placement Life Insurance (“PPLI”), that protect future wealth, allow flexible investment opportunities, enjoy favourable tax treatment (depending on jurisdiction), minimise estate taxes (depending on jurisdiction) and facilitate the inter-generational transfer of wealth.
YOUPLUS PPLI products are tailored to the client’s individual circumstances including growth expectations, risk propensity and the regulations prevailing in the client’s country of residence. YOUPLUS PPLI products are able to adapt efficiently to changes in the investment climate, changed personal circumstances and regulatory change.
YOUPLUS PPLI policies suit a variety of clients and circumstances. Many clients seek YOUPLUS PPLI products primarily as an efficient and discreet way to manage the intergenerational transfer of assets. Others find the flexibility of our policies an ideal way to facilitate the financial aspects of relocation from one country to another. Some clients chose to place a substantial portion of their assets into our policies which lend themselves to providing a comprehensive platform for estate planning. We have a demanding international clientele that enjoys the peace of mind that flows from the security and flexibility of an insurance policy issued in a well-regarded legal structure.
Our independence ensures the widest choice for our clients.
Our existing network includes the leading European private banks, asset managers, brokers, family offices, fiscal advisors and lawyers.
Our clients trust the network as they are often able to integrate our products into their existing trusted relationships.
YOUPLUS will launch in the second half of May as the brand name of the Liechtenstein-based life insurance company YOUPLUS Insurance International AG and it will offer its clients life insurance in a digital, paperless and comprehensive package. The Liechtenstein insurance company will also be renamed to YOUPLUS at the end of 2019. The insurance company will offer its clients a comprehensive solution with a number of innovative approaches. One priority will be to cover the so-called major risks – such as death, disability, serious illness – with a choice from a wide range of life, sickness and accident insurance. Another unique solution that YOUPLUS is bringing to the Czech Republic is fully integrated, electronic medical underwriting, from the global reinsurer Hannover Re. The contract itself is then signed biometrically on a signpad or tablet, or by a vector signature, which is not used so often. It does not require any special hardware device or pen, the client simply signs with their finger. The main target group of YOUPLUS will be families and households living in towns and cities, primarily those aged between 25 and 45. The distribution strategy will thus be based solely on the B2B concept.
In the Insurance Advisory unit, InsurEvolution is driving the future market for net insurance in Germany. The successful business model is provided by myLife Lebensversicherung, which is the only life insurer in Germany to exclusively offer these net products. The tariffs do not include any final commissions or ongoing commissions and are significantly cheaper for the customer under otherwise identical conditions. The distribution takes place via cooperating insurance brokers and insurance consultants, who arrange their individual fees separately and performance related with the customers.
With its clear focus on net insurance, myLife takes a clear pioneering role on the way to modern and transparent insurance and pension advice. Transparency covers both the remuneration of the intermediary and the costs contained in the products. The product portfolio covers the entire life insurance segment. In the form of classic and unit-linked tariffs, myLife offers innovative products for private and occupational pensions.
Our common IT & Operations platform provides the foundation for this, enabling work to take place across all groups and leveraging synergy effects.
This business is not complete. The existing units are constantly being developed.
We have many close strategic partners that make valuable contributions toward research, development, and service in order to continuously improve our innovative processes and the products offered by InsurEvolution. These include the following partners among others: