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Hamburg/Munich, 2020/05/25 – The GGW Group from Hamburg, Germany, owner-managed medium-sized industrial insurance broker, and the software technology company mgm technology partners with headquarter in Munich have entered into a strategic partnership. The aim of the close cooperation is the almost complete digitalisation of GGW’s insurance processes on a new software platform, which become a blueprint for a digital business network between insurers, brokers, MGAs and others. The platform will thus develop its full potential in terms of efficiency and new business models if as many customers and insurers of the GGW Group as possible are also digitally connected in future. The long-term goal is also to open up to other companies in the sector, such as brokers and agents.
Common business objectives form the basis
With this partnership, both companies are taking an unusual path for their respective industries: GGW and mgm are jointly driving forward the development of the IT systems, learning from each other and supporting each other in the pursuit of the overall objectives. The commercial agreement is also aimed at achieving common business objectives.
“At GGW, we cannot meet the challenges of digitalisation alone, as process and system competence will play a decisive role in the long term alongside insurance-related expertise”, says Benjamin Zühr, responsible for project management and digitalisation at GGW. “The digital business is intended to expand the strong position in the industrial broker business as quickly as possible, secure future growth and increase efficiency through automated processes. A partnership from which both sides benefit immediately and downstream creates precisely these opportunities for us,” says Zühr.
Formula for success: Transparency and interdisciplinary teams
“In the industrial insurance business, too, the platform concept can only work if everyone works together as transparently as possible and at eye level,” says Marc Philipp Gösswein, Executive Vice President at mgm and responsible for industrial insurance. GGW’s diverse specialist and business areas would give the new platform optimal added value over several years for the long-term development of a network of autonomous and secure portfolio management systems.
At GGW and mgm, interdisciplinary teams of IT infrastructure experts, business analysts, insurance experts, developers and project managers work closely together across several locations. The teams have broken down the highly complex path of complete and seamless digitalisation of all GGW processes internally and externally into a large number of sub-projects. In this way, they will gradually complete the digitalization of business areas and customer portals, claims management and customer service.
About the GGW Group
The GGW Group is one of the largest independent and owner-managed industrial insurance brokers in Germany. As an expert in integrated risk and insurance management, the GGW Group advises medium-sized companies from industry, trade, commerce and the legal and business advisory professions on all questions of risk and insurance, supply and receivables management. The consultancy firm is represented at ten locations throughout Germany and, in cooperation with international networks, supports customers in over 60 countries.
mgm technology partners follows the Digital Sovereignty approach, according to which organizations retain the sovereignty and knowledge of their own IT systems. On this basis mgm develops enterprise applications for the commerce, insurance and public sector. Founded in 1994, the technology company is headquartered in Munich, Germany, with 16 offices in Germany and abroad, including the metropolises of Berlin, Hamburg, Cologne, Prague, Washington and Da Nang in Vietnam. In total, more than 700 employees work for mgm in seven countries. Since 2006 mgm is a division of Allgeier SE in Munich, headed by one of the founders and partners.