DAB BNP Paribas

ots Ad hoc-Service: Direkt Anlage Bank AG Exclusive partnership between DAB and InsuranceCity

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    Munich

    - Strategic Link between Discount Brokerage and Online Insurance Providers - First Discount Broker with two E-Finance Partners.

      Direkt Anlage Bank AG, Munich (DAB), and Germany's leading
independent insurance platform, InsuranceCity AG, Frankfurt, have
entered into an exclusive partnership for the next two years. This
makes DAB the First German discount broker with two E-Finance
partners - since June DAB has already been cooperating with the
mortgage portal Interhyp AG, Munich. While the mortgage platform is
scheduled to go live in August the insurance platform will go online
in October. DAB will use these cooperation deals to complete its
Allfinanz-Center, in which customers will be able to transact
financial business beyond discount brokerage deals.

    In addition, the cooperation with InsuranceCity complements DAB'S competence in the b2b sector. In doing so, DAB is also beginning to diversify its revenue streams.

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