TTÜ Innovation and business centre Mektory and ERGO Insurance SE starting cooperation in insurance field
June 16, 2015
On 16th of June, Tallinn Technology University (TTÜ) and one of the leading insurance groups in the Baltic States ERGO Insurance SE signed a Strategic Cooperation Memorandum to mark the start of their cooperation to develop innovative solutions and options in insurance field.
„I am very pleased to start partnership with the leading insurance company. It is a good base for mutually useful research and development”, said Vice-Rector Tea Varrak. "University competence can be used for the product and service development and the company can turn innovative solutions and ideas in to life”, said Mr. Varrak.
"For ERGO it is very important to keep the prevention and the assessment of insurance risks in mind. We believe that the University's science base with the support of the students is able to find innovative solutions in the field of prevention”, said Mr. Tarmo Koll.
ERGO in the Baltic States is as the only and first insurance company in the market with an innovation focus. ERGO is fully on track regarding cooperation with partners, working on innovation area, in all Baltic countries. ERGO in Lithuania is the first insurance player what started an innovation project in the insurance market together with the Venture Capital Fund Nextury Ventures. Start of the acceleration program in Latvia with an innovation partner would be in autumn 2015.