Sales organisations are probably the best yardstick for measuring the current situation on the pensions market. The range of products and services they offer is broad and they are in close proximity to clients. So, it makes you sit up and take notice when Mario Freis, CEO of OVB Holding, with its 4.55 million clients (around 613,000 of which are in Germany), views the European and especially the local pension markets with a good dose of optimism.
The financial services provider OVB successfully increased sales and the number of customers last year. We spoke to CEO Mario Freis and IT Director Heinrich Fritzlar about various subjects including the development of the Cologne-based company, the declining level of business in Germany, new business models and prospects in the brokerage market.
It has been a truism for years that the state pension will not be enough for a comfortable retirement. For most of us, there is no getting around a private pension. Readers of Nebenwerte Journal are active stock market participants and therefore in the minority, whereas many people are wary of the capital market and private pensions. They need professional advice, which is what OVB offers its clients.
Founded in Cologne in 1970, the OVB Group is now one of Europe’s leading Allfinanz service providers. 2023 is the first full financial year since the pandemic ended and also one of strategic realignment: The previous strategy period came to a close at the end of 2022, and now the new one is being enacted. Time for a review and a look ahead.
Mario Freis, CEO of the listed company OVB from Cologne, talks about the advantages of a pan-European presence in financial sales, the search for new consultants and the question of whether insurance companies actually get involved in day-to-day business as major shareholders.
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