1905 - a passenger train was ready to depart from the railroad station in Lucerne. Timber merchant Max von Engel and his 15-year-old son were standing on the platform amid the heap of luggage. Suddenly, the engine sparks hit the upper bag on top of the heap. Von Engel understood that his luggage could be destroyed by fire including his personal documents, business papers, decorations, souvenirs and clothes. But who will refund the losses? He was informed at the station about a little compensation that is provided by railroad administration.
The merchant who travelled much had the idea: «It would be good if the travelers could adequately protect their luggage!» Max von Engel knew that the risk he had experienced on the platform was not the only threat to travelers. His idea was supported by the Munich Reinsurance Company
1907 – the business was done: von Engel presented to Karl von Timme (the founder of Munich Re) his concept of luggage insurance. Together they founded in the Budapest Europäische Güter und Reisegepäckversicherung AG (European Joint-Stock Luggage Insurance Company).
Since then and for more than 100 years Europaeische has been providing travel insurance worldwide.
2006 – representative office of Europäische Reiseversicherung AG (Аustria) was founded in Ukraine.
19th of October, 2006 – JSC European Travel Insurance was founded in Ukraine by Europäische Reiseversicherung AG (Аustria) - 69,9% of shares, Europäische Reiseversicherung AG (Germany) - 25,1% of shares, JSC UIC Generali Garant - 5% of shares.
2010 – ERV Germany increased its share in the company up to 95% of shares.
2011 – European Travel Insurance started rebranding process and changed into ERV brand.
2012 – ЕRV Germany increased its share in the company up to 99,99% of shares.
2018 – Euroins Insurance Group acquired 99.99% of shares of ERV Ukraine.