Zurich and DirecTV announce strategic partnership for commercialization of insurance in Chile

This is an automated translation of the original release published in Spanish.

By DirecTV

Santiago, May 29, 2024 – The insurer Zurich, with 170 years in Chile and more than 1,200,000 policyholders, and the media and technology company DirecTV Latin America, two leaders in their respective industries, formalized a strategic agreement in Chile for 10 years that seeks to provide insurance to clients who already enjoy fiber optic broadband internet services and television through DirecTV and DGO, the live TV and streaming platform.

“With this new alliance we are expanding the availability of insurance in our country; thousands of people will be able to access a complete protection solution through a service they have already contracted. We aspire to be a contribution to encourage and expand access to insurance in Chile, where we have been accompanying people for more than 170 years,” highlighted Sebastián Dabini, CEO of Zurich Chile.

The agreement initially includes unemployment and home insurance, and will expand its product portfolio to adapt year after year to market trends.

The general manager of DirecTV Chile, Mariano Montaldo, highlighted the importance of being able to provide customers with solutions adapted to their needs, through a wide range of products and services that simplify their lives. “Taking care of the user and innovating in their experience, guaranteeing the highest quality standards, is one of the main pillars of our company,” he expressed.

The agreement will be brokered by WTW Corredores de Seguros, a broker and consultancy specialized in analytical solutions and risk management, with an important and notable track record in the insurance industry in the country and internationally.

In this first stage, DirecTV postpaid customers will be able to purchase the following types of Zurich coverage:

Protected home: This insurance offers home protection against fires, theft of property, civil liability and assistance such as: locksmith, electricity, glassware and plumbing. In addition, it includes as an exclusive benefit DirecTV technical assistance, with 5 visits per year, for changing remote controls, moving, changing decoders, among others.

Protected bill: This insurance covers the payment of the DirecTV bill in the event of the involuntary loss of employment of dependent workers, which will allow them to continue receiving the service.

This alliance is part of the expansion of the agreement between the insurer Zurich Insurance Group and Vrio Corp., parent company of DIRECTV Latin America, SKY Brasil and DGO, belonging to the Werthein Group, a holding company with more than one hundred years of experience in Latin America.

“The success of the first alliance in Brazil with Vrio Corp., SKY, Zurich allowed the expansion of the agreement to begin the distribution of insurance in Colombia, Ecuador and now the initiative reaches Chile. It is planned that the alliance will also expand to Uruguay and Peru,” highlighted Roy Humphreys Regional Director of Insurance and Health of Grupo Werthein.

This alliance is part of Zurich's growth strategy to position itself as one of the largest mass insurance companies in the region, strengthening its ability to forge alliances that transcend national borders.

Likewise, Vrio Corp. reinforces its regional presence and its commitment to providing its users with the best experience by integrating various services that meet their needs.

About VRIO CORP

Vrio Corp is a Werthein Group company, a holding company with more than one hundred years of experience in Latin America and a diversified portfolio of products and services in the areas of media tech, information, entertainment, insurance, health, agribusiness, food and beverages, real estate developments and technology. Vrio Corp. is the leading company in Latin America and the Caribbean in digital entertainment services, content production, information and connectivity with more than 40 million viewers in 11 countries. It offers high-quality content live and on demand through DIRECTV Latin America, SKY Brasil and DGO. For more information visit: www.vriocorp.com

About Zurich Insurance Group

Zurich Insurance Group (Zurich) is a leading multi-channel insurer serving both individuals and businesses, in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to offering insurance protection, Zurich increasingly offers prevention services, such as those that promote well-being and improve climate resilience. The Zurich Group has around 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a Level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. More information available at www.zurich.com .

About WTW

At WTW (NASDAQ: WTW) we provide data-driven analytical solutions in the areas of people, risk and capital. Leveraging the global vision and local experience of our professionals present in more than 140 countries and markets, we help you outline your strategy, improve your organizational resilience, motivate your staff and maximize your performance. Working closely with our clients, we uncover opportunities for sustainable success – and provide the perspective that drives them.