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Ergo Group AG is primarily an international reinsurance company headquartered in Munich, Germany.
Answer: False
Explanation: The source states that Ergo Group AG is a multi-line insurance company headquartered in Düsseldorf, Germany, and is a subsidiary of Munich Re, which is the reinsurer.
Ergo Group offers a broad product portfolio including property and casualty, life, and health insurance in over 20 countries worldwide.
Answer: True
Explanation: The source indicates that Ergo Group operates in over 20 countries, providing a broad product portfolio including property and casualty, life, and health insurance.
In the 2024 fiscal year, Ergo Group's insurance revenue exceeded 20 billion euros, and its net result was over 800 million euros.
Answer: True
Explanation: The source reports that in the 2024 fiscal year, Ergo Group's insurance revenue was 20.8 billion euros and its net result was 810 million euros.
The total number of people working for Ergo Group, including both salaried employees and self-employed sales representatives, is approximately 37,000.
Answer: True
Explanation: The source states that approximately 37,000 people work for the Ergo Group, encompassing both salaried employees and self-employed sales representatives.
What is the primary business of Ergo Group AG?
Answer: Multi-line insurance products and services
Explanation: The source identifies Ergo Group AG as a leading international multi-line insurance company.
In the 2024 fiscal year, what was Ergo Group's reported net result?
Answer: 810 million euros
Explanation: The source states that Ergo Group reported a net result of 810 million euros in the 2024 fiscal year.
How many people are employed by Ergo Group, including both salaried and self-employed staff?
Answer: Approximately 37,000
Explanation: The source indicates that approximately 37,000 people work for the Ergo Group, including both salaried employees and self-employed sales representatives.
Ergo Group became an independent entity after separating from Munich Re in 2001.
Answer: False
Explanation: The source clarifies that Munich Re became the sole owner of Ergo Group in 2001, making Ergo a subsidiary, not an independent entity separating from Munich Re.
Ergo Insurance Group was established in 1997 through the merger of D.A.S., DKV Deutsche Krankenversicherung AG, Hamburg-Mannheimer, and Victoria.
Answer: True
Explanation: The source confirms that Ergo Insurance Group was established in 1997 through the merger of D.A.S., DKV Deutsche Krankenversicherung AG, Hamburg-Mannheimer, and Victoria.
In 2010, Ergo Reiseversicherung was integrated into the group, and KarstadtQuelle Versicherungen was renamed Ergo Direkt Lebensversicherung AG.
Answer: False
Explanation: The source states that Ergo Reiseversicherung was integrated in 2009, not 2010. KarstadtQuelle Versicherungen was renamed Ergo Direkt Lebensversicherung AG in 2010.
Since 2016, Ergo Group operates under a decentralized structure where each business unit functions independently without a parent holding company.
Answer: False
Explanation: The source indicates that since 2016, Ergo Group operates with a holding structure under Ergo Group AG, which acts as the parent company, implying a centralized oversight rather than a decentralized structure without a parent.
Ergo Deutschland AG is responsible for managing Ergo Group's international business activities.
Answer: False
Explanation: The source specifies that Ergo International AG manages Ergo Group's international business activities, while Ergo Deutschland AG manages business within Germany.
The three main holding entities under Ergo Group AG are Ergo Deutschland AG, Ergo International AG, and Ergo Technology & Services Management AG.
Answer: True
Explanation: The source explicitly lists Ergo Deutschland AG, Ergo International AG, and Ergo Technology & Services Management AG as the three main holding entities under Ergo Group AG.
Ergo Technology & Services Management AG organizes its global IT and technology services through hubs in Germany, Poland, and India.
Answer: True
Explanation: The source confirms that Ergo Technology & Services Management AG provides and organizes its global IT and technology services through dedicated hubs in Germany, Poland, and India.
Which of the following companies was NOT part of the merger that established Ergo Insurance Group in 1997?
Answer: Munich Re
Explanation: The source lists D.A.S., DKV Deutsche Krankenversicherung AG, Hamburg-Mannheimer, and Victoria as the companies that merged to form Ergo Insurance Group in 1997. Munich Re is the parent company, not a merging entity.
When did Munich Re become the sole owner of the Ergo Group?
Answer: 2001
Explanation: The source states that Munich Re became the sole owner of the Ergo Group in 2001.
Which entity is primarily responsible for managing Ergo Group's business activities within its home market of Germany?
Answer: Ergo Deutschland AG
Explanation: The source indicates that Ergo Deutschland AG is primarily responsible for managing Ergo Group's business activities within its home market of Germany.
Which of the following is a main operational subsidiary of Ergo Deutschland AG?
Answer: DKV Deutsche Krankenversicherung AG
Explanation: The source lists DKV Deutsche Krankenversicherung AG as a main operational subsidiary of Ergo Deutschland AG.
In which year was KarstadtQuelle Versicherungen renamed Ergo Direkt Lebensversicherung AG?
Answer: 2010
Explanation: The source states that KarstadtQuelle Versicherungen was renamed Ergo Direkt Lebensversicherung AG in 2010.
Which of the following is NOT one of the three main holding entities operating under Ergo Group AG?
Answer: Ergo Vorsorge Lebensversicherung AG
Explanation: The source lists Ergo Deutschland AG, Ergo International AG, and Ergo Technology & Services Management AG as the three main holding entities. Ergo Vorsorge Lebensversicherung AG is an operational subsidiary of Ergo Deutschland AG, not a main holding entity.
Where are the three dedicated hubs for Ergo Technology & Services Management AG located for global IT and technology services?
Answer: Germany, Poland, and India
Explanation: The source states that the three dedicated hubs for Ergo Technology & Services Management AG are located in Germany, Poland, and India.
Ergo Group's international strategy since 2016 has focused exclusively on acquisitions to expand its global reach.
Answer: False
Explanation: The source states that Ergo Group's international strategy since 2016 prioritizes organic growth while being opportunistic about acquisitions, not exclusively focusing on acquisitions.
China, India, and Thailand are considered core markets for Ergo Group's international strategy in Europe.
Answer: False
Explanation: The source identifies China, India, and Thailand as selected growth markets in Asia, not core markets in Europe.
In 2024, Ergo Group became the sole owner of Storebrand Helseforsikring AS by acquiring Storebrand ASA's shares in their joint venture.
Answer: True
Explanation: The source confirms that in 2024, Ergo Group acquired Storebrand ASA's shares in their joint venture, Storebrand Helseforsikring AS, becoming its sole owner.
What is Ergo Group's strategic approach to international business development since 2016?
Answer: Prioritizing organic growth while being opportunistic about acquisitions
Explanation: The source states that Ergo Group's international strategy since 2016 prioritizes organic growth while being opportunistic about acquisitions.
Which of the following countries is NOT listed as a core market in Europe for Ergo Group's international strategy?
Answer: United Kingdom
Explanation: The source lists Austria, the Baltic States, Belgium, Greece, the Nordics, Poland, and Spain as core markets in Europe. The United Kingdom is not listed.
Which Asian countries are targeted as selected growth markets for Ergo Group's international strategy?
Answer: China, India, and Thailand
Explanation: The source identifies China, India, and Thailand as selected growth markets in Asia for Ergo Group's international strategy.
Ergo Group expanded into the US market in 2025 by fully acquiring the reinsurer Next Insurance.
Answer: False
Explanation: The source identifies Next Insurance as a technology-first property and casualty (P&C) insurer, not a reinsurer.
Next Insurance, founded in 2016, primarily targets large corporations in the US market.
Answer: False
Explanation: The source states that Next Insurance specifically targets the US small and medium-sized businesses (SMB) segment, not large corporations.
Next Insurance's technology platform is known for providing a digital one-step insurance experience with instant underwriting.
Answer: True
Explanation: The source highlights Next Insurance's innovative technology platform for providing a digital one-step insurance experience with instant underwriting and policy issuance.
In 2024, Next Insurance generated a top-line revenue of $548 million and served over 600,000 customers by 2025.
Answer: True
Explanation: The source confirms that Next Insurance generated a top-line revenue of $548 million in 2024 and served over 600,000 customers by 2025.
Prior to its full acquisition in 2025, Ergo Group had no prior investment or involvement with Next Insurance.
Answer: False
Explanation: The source indicates that Ergo Group had been closely involved with Next Insurance since 2017 and was a major shareholder, holding approximately 29 percent, prior to the full acquisition.
What significant acquisition did Ergo Group make in the US market in 2025?
Answer: Next Insurance
Explanation: The source states that Ergo Group fully acquired the US insurer Next Insurance in 2025, marking its entry into the American market.
What segment of the US market does Next Insurance specifically target?
Answer: Small and medium-sized businesses (SMB)
Explanation: The source indicates that Next Insurance specifically targets the US small and medium-sized businesses (SMB) segment.
What type of insurer is Next Insurance, founded in 2016?
Answer: A technology-first property and casualty (P&C) insurer
Explanation: The source describes Next Insurance as a technology-first property and casualty (P&C) insurer.
What types of insurance coverage does Next Insurance primarily offer?
Answer: General Liability and Workers' Compensation for small businesses
Explanation: The source states that Next Insurance primarily offers General Liability and Workers' Compensation for small businesses.
What was Next Insurance's top-line revenue in 2024?
Answer: $548 million
Explanation: The source indicates that Next Insurance generated a top-line revenue of $548 million in 2024.
What was Ergo Group's involvement with Next Insurance prior to the full acquisition in 2025?
Answer: Ergo Group was a major shareholder, holding approximately 29 percent of the company.
Explanation: The source states that Ergo Group had been a major shareholder, holding approximately 29 percent of Next Insurance, since 2017.
The Board of Management of Ergo Group AG consists of seven members and is monitored by a Supervisory Board.
Answer: True
Explanation: The source confirms that the Board of Management of Ergo Group AG consists of seven members and is monitored by a Supervisory Board.
Dr. Joachim Wenning is the CEO and Chairman of the Board of Management of Ergo Group AG as of 2025.
Answer: False
Explanation: The source identifies Dr. Markus Rieβ as the CEO and Chairman of the Board of Management of Ergo Group AG, while Dr. Joachim Wenning chairs the Supervisory Board.
The Supervisory Board at Ergo Group AG is responsible for the day-to-day operations and strategic direction of the company.
Answer: False
Explanation: The source states that the Board of Management is responsible for the company's strategic direction and day-to-day operations, while the Supervisory Board monitors the Board of Management and advises on important matters.
As of 2025, who holds the position of CEO and Chairman of the Board of Management of Ergo Group AG?
Answer: Dr. Markus Rieβ
Explanation: The source states that Dr. Markus Rieβ holds the position of CEO and Chairman of the Board of Management of Ergo Group AG as of 2025.
How many members comprise the Board of Management of Ergo Group AG?
Answer: Seven
Explanation: The source indicates that the Board of Management of Ergo Group AG consists of seven members.
Who chairs the Supervisory Board of Ergo Group AG as of 2025?
Answer: Dr. Joachim Wenning
Explanation: The source states that Dr. Joachim Wenning chairs the Supervisory Board of Ergo Group AG as of 2025.
What is the primary function of the Supervisory Board at Ergo Group AG?
Answer: To monitor the Board of Management and advise on important matters.
Explanation: The source indicates that the Supervisory Board monitors the Board of Management and advises on important matters, contributing to the company's long-term development.
Ergo Group was publicly listed in the DAX index until 2001.
Answer: False
Explanation: The source indicates that Ergo Group was publicly listed in the MDAX index until 2001, not the DAX index.
Ergo Group ceased to have an independent stock market listing in 2001 because it was fully acquired by Munich Re.
Answer: True
Explanation: The source confirms that Ergo Group ceased its independent stock market listing in 2001 following its full acquisition by Munich Re.
Munich Re shares are traded on the Frankfurt Stock Exchange and are included in the DAX index.
Answer: True
Explanation: The source states that shares of Munich Re are traded on the Frankfurt Stock Exchange and are included in the DAX index.
The Ergo Group's headquarters building, the Ergo Tower, is located in Berlin and is the tallest building in that city.
Answer: False
Explanation: The source specifies that Ergo Group's headquarters, the Ergo Tower, is located in Düsseldorf and is the third tallest building in that city, not located in Berlin or the tallest there.
Ergo Group has been a partner of the DFB Cup since 2016 and the Official Insurance Partner of the German Football Association since 2022.
Answer: True
Explanation: The source confirms that Ergo Group has been a partner of the DFB Cup since 2016 and the Official Insurance Partner of the German Football Association since 2022.
Ergo Group supports only the men's national soccer team as part of its DFB partnership.
Answer: False
Explanation: The source states that Ergo Group supports the men's, women's, and under-21 national soccer teams as part of its DFB partnership.
The DFB-ePokal is an e-soccer cup competition for which Ergo Group serves as the title sponsor.
Answer: True
Explanation: The source confirms that Ergo Group serves as the title sponsor for the DFB-ePokal, an e-soccer cup competition.
In 2024, Ergo Group was an official national partner of the UEFA Men's European Football Championship and the presenting partner for its volunteer program.
Answer: True
Explanation: The source confirms that in 2024, Ergo Group was an official national partner of the UEFA Men's European Football Championship and the presenting partner for its volunteer program.
What was Ergo Group's stock market presence before 2001?
Answer: It was listed in the MDAX index.
Explanation: The source indicates that Ergo Group was publicly listed in the MDAX index until 2001.
Why did Ergo Group cease to have an independent stock market listing in 2001?
Answer: Munich Re fully acquired the company.
Explanation: The source states that Ergo Group ceased its independent stock market listing in 2001 following the full acquisition of the company by Munich Re.
Where are shares of Munich Re traded, and what major index is it included in?
Answer: Frankfurt Stock Exchange, DAX index
Explanation: The source indicates that shares of Munich Re are traded on the Frankfurt Stock Exchange and are included in the DAX index.
What is the approximate height of the Ergo Group's headquarters building, the Ergo Tower, in Düsseldorf?
Answer: 108 meters
Explanation: The source describes the Ergo Tower as standing approximately 108 meters tall.
Since when has Ergo Group been a partner of the DFB Cup?
Answer: 2016
Explanation: The source states that Ergo Group has been a partner of the DFB Cup since 2016.
What was Ergo Group's role in the UEFA Men's European Football Championship in 2024?
Answer: An official national partner and presenting partner for the volunteer program.
Explanation: The source indicates that Ergo Group was an official national partner of the UEFA Men's European Football Championship in 2024 and the presenting partner for its volunteer program.
Beyond major sports events, what other types of initiatives does Ergo Group support?
Answer: Cultural, educative, and sport institutions and initiatives.
Explanation: The source states that Ergo Group supports various cultural, educative, and sport institutions and initiatives on both local and international levels.