Deutsche Bank : DWS first to introduce digital asset management to unit-linked insurance market in Europe
VOLKSWOHL BUND Lebensversicherung a.G., one of the leading insurance companies in Germany, is set to utilize DWS' digital investment platform WISE in its life insurance product distribution. Under the brand 'FondsFittery', distribution partners of VOLKSWOHL BUND can now offer fund-backed life insurance policies that draw on the product excellence and expertise of DWS.
In July 2017 DWS launched its WISE digital investment platform to provide its distribution partners with a tailored solution for automated, digital asset management. FondsFittery is now the first time that a cooperation partner has integrated the capabilities of WISE into a pension annuity product. In terms of allocation, WISE uses the investment expertise and strategic house view of DWS and its chief investment officer, Stefan Kreuzkamp.
'We are delighted to partner with VOLKSWOHL BUND to offer an insurance product via our digital robo platform for the first time', explains Christian Haake, Senior Relationship Manager for Insurances at DWS. 'This cooperation will truly demonstrate the flexibility and performance capabilities of our digital distribution solution. It means that customers of VOLKSWOHL BUND will benefit from DWS' capital market expertise via modern technology'.
'FondsFittery allows our distribution partners to offer their customers a new and innovative fund-backed life insurance policies based on high-quality and convenient fund management', said Dietmar Bläsing, speaker of the boards at VOLKSWOHL BUND Versicherungen. 'FondsFittery gives our insurance customers access to professional portfolio management. With DWS as a partner we have a competent and experienced asset manager at our side and our customers will benefit from their know-how'.
VOLKSWOHL BUNDS' distribution partners can use the WISE white label software as part of the insurer's customer advisory. Based on the investor's personal situation and concrete investment objectives, the system suggests one of 19 model portfolios, split into 7 risk classes. FondsFittery uses ETFs exclusively: from Xtrackers and other providers. There is the option for lump sum investments or monthly savings plans starting at only 10 euro.
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About DWS Group
DWS Group GmbH & Co. KGaA (DWS) is one of the world's leading asset managers with EUR676bn of assets under management (as of 31 Mar 2018). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management - as well as our deep environmental, social and governance focus - complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.
DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.
WISE is DWS's white-label robo platform, launched in July 2017, which allows our distribution partners to provide digital DPM services to their clients. WISE harnesses the human investment expertise of DWS's Chief Investment Office to generate strategic asset allocations and portfolio solutions. WISE offers a flexible product universe which is defined in conjunction with our distribution partners and can include open architecture or DWS specific ETF as well as active funds. WISE is designed to ensure a seamless digital journey for users which caters for the latest regulation requirements, including client profiling, suitability and appropriateness of portfolio solution as well as KYC.
DWS Group GmbH & Co. KgaA published this content on 12 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 July 2018 14:34:04 UTC