Institute for Management and Economic Research confirms top ranking of ERGO's sales and office staff.

In a study entitled 'Germany's best training companies' conducted by the business magazine FOCUS MONEY, among around 12,000 companies between January and December 2020, ERGO was awarded first place for the insurance industry, after ranking second in the previous year. It scored top marks mainly thanks to its almost fully digitalised training programme during the coronavirus crisis.

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This was already the sixth time that the Institute for Management and Economic Research (Institut fur Management- und Wirtschaftsforschung; IMWF) carried out its study of in-house training programmes in Germany, on behalf of FOCUS MONEY. It rated training effectiveness, trainee remuneration and additional offerings, including 'best-in-class' programmes. Workplace safety, work-life balance and staff management were further criteria taken into consideration. ERGO's training programme for its office and field staff throughout Germany came out on top for the first time, significantly ahead of the second-place insurance company.

Dr. Ulf Mainzer, Labour Relations Director and member of the Board of Management of ERGO Group AG commented on the outcome of the study: 'The training market has become highly competitive in recent years, which makes it even more important for companies to offer extensive training programmes to attract the most suitable candidates. In 2020, we faced particular challenges. We were obliged to almost fully digitalise our training programme due to the pandemic. This ranking proves how successful we were. It is clear confirmation of our staff's impressive work.'

ERGO combined its tried and tested conventional training programme with various digital elements in 2020. This was only possible because all trainees were given the technology needed to alternate between the office and working from home - not unlike homeschooling. Webinars and online courses are now supplemented with personal on-site support by trainers in the specialist departments, regional head offices and independent agencies. In advance of the start of its training programme, ERGO conducted online-only training fairs. And the application process also took place mainly online.

Further information relating to the study can be found at:

https://www.imwf.de/pressemitteilung/das-sind-die-besten-ausbildungsbetriebe-deutschlands

https://www.deutschlandtest.de/de/wp-content/uploads/DT-2021-Ausbildung.pdf

For further information, please contact:

Dr. Monika Stobrawe

ERGO Group AG

Media Relations

Tel +49 211 477-5570

monika.stobrawe@ergo.de

media-relations@ergo.de

About the ERGO Group AG

ERGO is one of the major insurance groups in Germany and Europe. Worldwide, the Group is represented in around 30 countries and concentrates on Europe and Asia. Four separate units operate under the umbrella of the Group: ERGO Deutschland AG, ERGO International AG, ERGO Digital Ventures AG and ERGO Technology & Services Management AG. German, international, direct and digital business as well as the global management of IT and tech-nology services are combined there.

About 38,000 people work for the Group, either as salaried employees or as full-time self-employed sales representatives. In 2020, ERGO recorded a total premium income of over 18 billion euros and rendered benefits to customers (gross) of around 16 billion euros. ERGO is part of Munich Re, one of the world's leading reinsurers and risk carriers.

More at www.ergo.com

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of ERGO Group. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forwardlooking statements or to conform them to future events or developments.

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