Around two-thirds of private landlords have experienced issues such as irregular, incomplete or missing rent payments1, however, 90% of these do not have any loss of rent insurance2. For this reason, Swiss Re's iptiQ and ImmoScout24, Germany's leading online real estate platform, are launching a loss of rent insurance product that integrates seamlessly into ImmoScout24's digital ecosystem. In just a few clicks, private landlords can protect themselves against the financial uncertainties that can arise from new tenancy agreements.

Swiss Re's iptiQ is a white-label provider of property & casualty and life & health insurance. Its unique B2B2C business model, combined with the iptiQ platform, enable brands like ImmoScout24 to offer new digital insurance solutions to their customers.

Andreas Schertzinger, CEO of iptiQ EMEA P&C, says: 'With ImmoScout24, we have found the ideal partner in Germany to offer customers tailor-made household insurance products online precisely when it matters. Thanks to the seamless integration of our product into ImmoScout24's digital ecosystem, customers can insure themselves against the risk of rent-related losses directly online and throughout the rental process.'

Ralf Weitz, Managing Director of ImmoScout24, says: 'The digital ImmoScout24 loss of rent insurance means that we can provide private landlords with an innovative service that makes renting out a property safer for them. Alongside our cooperation partner iptiQ, we can help make renting even easier, while minimising the impact of losses. This is particularly relevant if tenants experience difficulties meeting rent payments as a result of the COVID-19 pandemic - and other factors, of course.'

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Swiss Re Ltd. published this content on 29 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2021 07:25:02 UTC.