Volkswagen Financial Services: Leasing protection

ELEMENT and Volkswagen Financial Services AG continue their cooperation with a digital leasing protection for vehicles.

Especially in urban areas, scratches, dents and rim damage are a typical problem. The new leasing protection safeguards lessees against additional claims upon the return of the car. Therefore, the leasing protection is the ideal supplement to the leasing contract.

With the new leasing protection insurance, we are reacting to this growing market and consequently offering our customers an all-round carefree package. In regard to the already successful cooperation with ELEMENT, the decision to implement this product together was only a formality.

Ulrich Bollmann

Head of Multi-Channel-Management Insurance, Volkswagen Financial Services AG

Volkswagen Versicherungsdienst GmbH belongs to Volkswagen Financial Services AG, a subsidiary of Volkswagen AG, one of the world's leading automobile manufacturers.


Project result

With the constant addition of new insurance products to the portfolio ELEMENT supports VW in building a digital ecosystem. The long-lasting and strategic partnership between VW and ELEMENT shows that new insurance solutions allow for a short-term reaction to market trends – target- and demand-oriented and without lenghty development stages.

Fully digital white-label insurance solutions in the mobility sector enable OEMs to continuously expand their customer service and customer loyalty.

Highlights

10 loss positions each insured up to EUR 300

Including damage to paint and rims

Insurance term analogue to the leasing term

Products used