Andres Konsap, Group Head of Insurance Brokerage at Iute

Iute Group and GrECo Specialty Affinity Management are excited to announce a strategic partnership to collaborate on innovative insurance solutions.

Iute Group, dedicated to creating the greatest experience in personal finance by combining fintech with the warmth of the human touch, provides insurance intermediation alongside its
payment and loan services. Focused on offering various insurance solutions, including Payment Protection insurance, mobile phone screen breakage, and second medical opinion services, the new partnership with GrECo Specialty Affinity Management, a provider of tailored insurance and risk management solutions, will support Iute’s mission to revolutionize personal finance.

“We are thrilled to announce our collaboration with GrECo Specialty Affinity Management,” said Andres Konsap, Group Head of Insurance Brokerage at Iute. “This partnership will enable us to provide our customers with cutting-edge insurance solutions, enhancing their financial security and overall experience. We are confident that this cooperation will bring significant benefits to both our organisations and our valued customers.”

“We’re thrilled to be the exclusive partner for Iute’s Affinity projects,” said Alma Ribanovic, Group Practice Leader Affinity at GrECo Specialty. “We warmly welcome them to our Affinity family and look forward to a strong and prosperous partnership with them.”

The co-operation is effective from December 2024.

Iute Group is a fintech company established in 2008 in Estonia. The Group specializes in consumer finance, payment services, banking, and insurance products. It serves customers in Albania, Bulgaria, Moldova, and North Macedonia. Iute Group finances its loan portfolios with equity, deposits, and secured bonds on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List.

GrECo Specialty Affinity Management is a division of the GrECo Group, a leading provider of customized insurance and risk management solutions across Europe. With a focus on creating value-added services through innovative insurance products, GrECo Affinity partners with businesses to deliver tailored solutions that meet the unique needs of their customers.