Good advice in uncertain times
...and why it’s important to keep an eye on sustainability 🌱

An unpredictable world, permanently facing new crises, creates new challenges, changes priorities and triggers economic and social insecurity and questions. Perhaps you have already been asked by friends and acquaintances for an investment advice due to the high inflation?

As a result, sustainability agendas are taking a back seat. This reaction is understandable, but it is also important to maintain a forward-looking perspective. So does the EU with driving developments in the financial sector towards more sustainability, resulting in new laws and regulations regarding the integration of ESG criteria.

For this reason, we have set the following priorities in the current newsletter:

Advice in uncertain times
Sustainability in the financial industry: investment & underwriting

1. Beratung in Zeiten der Verunsicherung

Holistic insurance and financial advice is even more important in uncertain times. This not only includes the household budget and asset overview, but also a holistic risk analysis. When the budget gets tighter, it is even more important for customers to be aware of their risks and to decide what to prioritize.

Advice on switching to life insurance products with higher returns/better inflation protection is regulatory "sensitive" and therefore requires high quality advice.

For this reason we constantly keep an eye on these topics and refine our digital advisory solutions accordingly. Thus we ensure that our API-based modules, build-up around our financial planning algorithm ALIS, cover these requirements.

2. Sustainability in the financial industry

Dimension 1: Investment

As mentioned at the beginning, the EU is driving developments in the financial industry towards more sustainability. This is also linked to the extended suitability test, which makes the request for sustainability preferences mandatory.

Our investment profile, not only enables transparent advice but also meets regulatory requirements. Investment goals, risk preferences, financial viability as well as knowledge and experience of your customers are recorded holistically. Plus, ESG preferences are also part of the questionnaire and, together with the inclinations of your customers, presented in a comprehensible manner.

Dimension 2: Underwriting

Sustainability is becoming more and more relevant for all areas of the economy, why we partnered up with “denkstatt group” and developed the ESG Analyser to ensure a holistic advisory solution for business customers.

By using intelligent questionnaires, the ESG Analyser provides CO2e emissions (Scope 1-3), EU taxonomy relevance, physical climate risks, as well as other essential ESG risks and benchmarking data for your SME customers. The ESG Analyser is not only based on important industry standards but also connected to the most relevant sustainability databases.

Good advice in uncertain times...and why it’s important to keep an eye on sustainability 🌱

Good advice in uncertain times
...and why it’s important to keep an eye on sustainability 🌱