WechselGott is a service that uses open banking APIs and algorithms to automatically detect a customer's insurance and energy contracts from their bank account data. It allows customers to easily switch contracts with just one click to save money. The technology automatically detects contract details, integrates with insurance carriers and energy suppliers, and handles the switching process. Partnering with WechselGott allows banks to provide this switching service to customers, driving new premium volume through insurance switches. With a combination of digital self-service and personal advisor guidance, banks can achieve on average €485 in new premiums per client annually by using WechselGott.

1. WechselGott
The most intelligent way to optimise insurance contracts

2. The challenge: Even though the information is available in digital form, switching
insurances and energy providers is quite complicated.
Non-transparent, complex
contract chaos – What
insurances do I have? Did I
miss the deadline to switch
my energy provider again?
WechselGott uses the PSD2 API
(Application Programming Interface)
and automatically detects and
optimises contracts.

3. WechselGott’s technology allows a simple detection of insurance and energy
contracts in a customer’s bank account - on our or a third party’s mandate.
Soon available
(EOY2022)
Electricity &
Gas
Automatic detection of providers and usage. Only
press one button to save - and this automatically,
year by year.
Insurances
Automatic detection, effortless switching.
New: Safe 10% for the same performance on
numerous property insurances.
Third-Party’s Broker
Mandate
Internet & DSL
Switch by simply
pressing one button.
Connection and integration, possibility to settle-
up on a third-party broker mandate – Make your
distribution easier and more efficient.
Intelligent finance
recommendations
based on algorithms
Analysis of Needs

4. Why should your bank collaborate with us? - Only using WechselGott can you provide
your clients and your sales team with effortless switching options.
Property Insurances (personal liability
insurances, home insurances, car insurances,
legal expenses insurances) offer a high (portfolio)
premium volume (about €15 per contract/year)
thanks to the number of contracts.
Business
Opportunity
Many consumers already have many
property insurances and it is for this
reason difficult to achieve a high
number of new insurance contracts to
grow in these product lines.
90% of your clients don’t have property insurances
at your bank, therefore, third-party brokers
receive their premiums - even though Germans
on average have five insurance contracts.
The
Challenge
Switching contracts is usually
cumbersome and time-consuming for
both your clients and your advisors.
▪ Automated and simple detection - high premium volume
▪ Direct added value for your clients instead of lengthy persuasive efforts
Using
WechselGott

5. The technology: After registering the following processes are completely automated and
enable automatic contract switching.
Client
Register themselves on
the app/browser on their
own or with their advisor;
provide electronic
signature for broker
mandate
Bank account of the client
Automatic detection of all
insurance data and energy
contracts in the account data
On the app/browser
Photo of the current invoice
for insurance fees and
insurance certificate in case
of switching insurance
WG - database
Processing of customer
master data, contract
data, contract changes,
information on damage,
contract switches,
terminations of
contracts,…
WG – Service &
Consulting
Customer support and
consulting for insurance
questions by specialised
advisors
Risk carriers for insurances
Policing, collection of outstanding
debts (vis-á-vis clients), broker’s
fee settlement, contract
management, damage
management
Billing via Finance Key
Systems
Creation and transmission
of the billing documents with
transaction data - the basis
for broker’s fee remittance
and payment
Address
Addressing the client via
campaigns,
recommendations,
advisors,…
Energy suppliers
Offering and maintaining electricity
and gas supply contracts

6. With the combination of personal consulting and the simple, automatic contract
detection, it is possible to achieve a premium volume of €485 per client.
Address and
Conversion
Only 3% of the addressed
clients switch their insurance
contracts only using the self-
service option. However, if
they are guided by an
advisor, 70% of the clients
switch their insurance
contracts.
Plus, the number of
insurances switched is also
higher: clients switch only
2.3 insurance contracts on
average on their own and up
to 8 with a personal advisor.
The combination of digital
and personal address is
key.
Premium Volume
Insurances
Even though it strongly depends on the
actual portfolio, you can expect the
following premiums for contract
switches:
- New contract portfolio premium for
property insurances: about €300
- New contract portfolio premium for
life insurances: about €1,600 per
contract (10% of customers on
mandate on average switch their life
insurance)
- New contract portfolio premium for
supplementary health insurances:
€250 per contract (about 10% of
clients on mandate change their
supplementary health insurance)
Hundreds of Euros of recurring
revenue per client possible.
Our offer for you:
Let’s share all achieved
premiums 50/50.
Via a referrer
agreement - You, the
sales partners, do not
need to become
brokers, you can simply
start right away.

7. Your contact
Werner Kräutlein, CEO & founder
+49 176 613 307 80
werner.kraeutlein@wechselgott.com