German Insurer Ergo Plans to Cut 1,000 Jobs with AI Inroads

Lietuvos Radijas ir Televizija

Center

Factuality

Ownership

Ergo, one of Germany's largest insurance companies, will lay off a thousand employees by 2030 as it plans to increasingly use artificial intelligence, company representatives announced on Tuesday.

Deutschlandfunk

Center

Factuality

Ownership

The insurer Ergo wants to reduce about 1,000 jobs by 2030.

derwesten.de

news38.de

Center

View article

Reposted by

news38.de

Center

Factuality

Ownership

The insurer Ergo wants to remove around 1,000 jobs by 2030. The increased use of AI also plays a role in the company.

Versicherungswirtschaft-heute

Factuality

Ownership

By 2030, Munich Re wants to achieve cost reductions of around EUR 600 million. The new CEO Christoph Jurecka has only vaguely expressed the extent to which it is more "potential through AI" than in reinsurance with Ergo's first insurance daughter than in reinsurance. Therefore, it may not be enough to rely only on natural fluctuation. Now Ergo's head of personnel Lena Lindemann talks to the Handelsblatt about an agreement with the employee repre…

Herbert Frommes Versicherungsmonitor

Factuality

Ownership

The Munich Re subsidiary Ergo intends to remove 1,000 jobs in Germany over the next five years. The Düsseldorf insurer has agreed with the employee representatives on this. Company-related dismissals and site closures are excluded. Further employees whose jobs are to be cancelled are to be retrained. Handelsblatt first reported about this. The measure is part of the future program "Ambition 2030" of Munich Re, which provides for cost savings of …