14. April 2021
Welcome to Funk!
Funk is the largest owner-managed insurance broker and risk consultant in Germany and one of the leading brokerage houses in Europe. Founded in 1879 in Berlin, the company today employs 1,360 people at 35 international locations. Through its own network, “The Funk Alliance”, Funk has a global presence and, as a systems house for risk solutions, supports companies in all sectors in matters of insurance and risk management as well as pension provision. In doing so, Funk holistically analyzes customer risks, develops strategies for risk avoidance, develops concepts for risk transfer and implements these on the insurance market. Accordingly, the company combines the traditional skills of a technical insurance broker with the services of a modern consulting firm for holistic risk management.
New solutions at the intersection of industrial digitalization and insurance
By becoming a member of the Center Smart Services community on the RWTH Aachen Campus, Funk is making it its mission to integrate the topics of insurance and risk management into the most relevant innovation topics of the insurance-taking industry – and thus of its own customers. The goal of this strategic partnership is synergy and mutual support of insurance and industrial digitalization. The community and Funk are jointly developing innovative insurance solutions for technology-based business models such as equipment-as-a-service, as well as approaches to loss prevention through the possibilities of the Industrial Internet of Things. In this way, for example, performance guarantee insurance is created for machines continuously monitored by IIoT services. On the campus, for example, the demonstration factory offers the opportunity to test retrofit systems aimed at loss prevention from the areas of condition monitoring and predictive maintenance directly with customers and insurers.
“With this cooperation, we are specifically expanding our sustained commitment in the field of digital risk prevention and now have even more opportunities to test the application in real operational practice together with our customers and partners from the insurance industry,” says Hendrik F. Löffler, managing partner of Funk. “This is unprecedented among industrial insurance brokers in Germany.”
At eye level with customers and risk carriers for a secure future.
As a risk coach, Funk continuously addresses new risks and develops new, smart solutions and products – the infrastructure and bundled competencies of the Center Smart Services on the RWTH Aachen Campus and its community offer new opportunities for cooperative development work. Together with customers, risk carriers, technology and practice-oriented research partners, Funk is accordingly dedicated to what has been part of its own DNA for 140 years: to sustainably secure companies along with their value creation, competitiveness and future viability across industries. Dr. Anja Funk-Münchmeyer, Managing Partner of Funk: “Our goal is to create innovations that offer companies immediate added value in the face of new risks and changing markets. To this end, we continuously address new risks and develop innovative products, services and tools.”