• AachenMünchener Travel expenses cancellation insurance achieve the best grade awarded (1.7)

In Stiftung Warentest , the German testing agency's latest examination ( Finanztest Edition 01/2010) the AachenMünchener travel expenses cancellation insurance took first place. The independent consumer magazine awarded the AachenMünchener the highest awarded grade “Good” ( 1.7) for its travel expenses cancellation insurance.

“As one of the leading multi-line insurers in Germany we attach great importance to the quality of our products. Therefore, we are delighted that this commendation confirms our customer-friendly conditions,” said Ulrich Rieger, Board Member responsible for Property and Casualty at AachenMünchener.

Finanztest : Travel expenses cancellation insurance “almost always makes sense”
Stiftung Warentest tested 59 tariffs for travel cancellation and curtailment insurance. AachenMünchener came out top with the grade 1.7 for policies for one journey, as well as for annual policies for individual travellers. Here Stiftung Warentest assessed the convenience of the scope of benefits. Seventy percent of the assessment comprised the general terms and conditions, persons at risk and insured events. The benefits in the case of a later commencement of journey, trip curtailment or interruption and later return made up thirty percent of the overall grade.

In their latest consumer magazine Stiftung Warentest : “For expensive journeys a travel expenses cancellation insurance almost always makes sense. We would recommend this especially if you are travelling with children. It can be the case that, if you cancel your trip a few days before, you can easily end up paying 80 percent of the travel price as cancellation fees.”

Coverage before and during your trip
The AachenMünchener travel expenses cancellation insurance offers all-round protection for your trip – whether it is cancelled, delayed or cut short. AachenMünchener reimburses any cancellation fees incurring and compensates unused travel services if the trip is cut short. There is no deductible for the customer. The AachenMünchener travel expenses cancellation insurance not only applies in the case of an unexpected illness of the policyholder or his family if this leads to a delay in the commencement of a journey booked, or the complete cancellation of the same. There are also benefits in the case of the loss of employment or, for instance, if a school examination has to be repeated. AachenMünchener travel expenses cancellation insurance also has a further advantage for cruise passengers: there are no increased premiums here.

Aachen, January 14, 2010

About AachenMünchener:
The name AachenMünchener stands for two companies: AachenMünchener Lebensversicherung AG and AachenMünchener Versicherung AG. With a premium income of € 4,110.6 m (2008), AachenMünchener Lebensversicherung AG is the second-largest life insurer in Germany. AachenMünchener Versicherung AG is one of the biggest German property and casualty insurers. In 2008 it had a premium income of € 1,027.2 m. €. AachenMünchener products can be had exclusively from more than 35,000 financial advisors of the Deutschen Vermögensberatungs-Gruppe (DVAG). AachenMünchener is rated together with the Generali Deutschland Group, which is the only primary insurance Group in Germany having interactive ratings from all rating agencies of international renown. It has obtained top ratings throughout for its extraordinary financial strength. The rating agencies Standard & Poor's and Fitch have granted AA- ratings for the financial strength of AachenMünchener. The rating assigned by Moody's is Aa3.

AachenMünchener Lebensversicherung AG
AachenMünchener Versicherung AG

Contact:
Andreas Krosta
Phone: (02 41) 4 56-54 81
Alexandra van Rey
Phone: (02 41) 4 56-44 26

Aureliusstraße 2
52064 Aachen
Fax: (02 41) 4 56-55 14
medien@amv.de
www.amv.de