Volkswagen: Flexible
coverage when
you need it!

About the Project

In cooperation with VW we created three different products in record speed. With these products we support the wish for individual mobility and provide a coverage for private car sharing, car rental or test driving a new car.

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

Highlights

All products provide individual coverage where it’s needed

Short term insurance products with flexible contract duration (up to 30 days)

Immediate protection – no manual policy effort needed

Additional coverage for various mobility needs

We decided to partner up with ELEMENT, so that we could develop these innovative on-demand products in record speed. Customers can purchase a policy by the day without taking on any long-term commitment.

Ulrich Bollmann
Leader Innovation Management at Volkswagen Financial Services

Project Result

Within just a few weeks, Volkswagenand ELEMENT have jointly launched three products on the market that are both innovative and flexible for the customer.

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Products:

Third Party insurance

Third-party insurance is an innovative protection in the event that your customers wish to lend their vehicle to a person who is not insured within their car insurance policy.

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Young Driver insurance

Young Driver insurance is an innovative product that provides coverage in case you rent your private vehicle to any person aged 17-20.

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Car Rental insurance

Our Car Rental insurance covers the deductible and other potential risks when renting a car.

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Test drive insurance

The test drive insurance covers the deductible when test-driving a new car at the dealer. Your clients are also covered for private test drives.