Zurich picks 12 startups to work with on future of insurance
- Startups selected from 2,600 applicants to Zurich Innovation Championship
- Businesses now enter accelerator phase to validate their proposals
Zurich Insurance Group (Zurich) has selected 12 startups to collaborate on novel ways to serve customers, create more frequent meaningful touchpoints with them, and challenge the boundaries of insurance.
They were selected as part of Zurich’s global startup tournament, the Zurich Innovation Championship. The tournament, now in its third edition, received approximately 2,600 applications in four categories - insurance reimagined, prevention and mitigation, simplicity, and sustainability.
“The breadth of ideas that we received from startups around the world was incredible and gives us a glimpse of what tomorrow’s insurance will look like,” said Ericson Chan, Group Chief Information & Digital Officer. “Our winners have well thought-through and innovative solutions, and we look forward to developing these together to provide new solutions to our customers and simplify the way we interact with them.”
As Zurich celebrates its 150th anniversary this year, the Zurich Innovation Championship is focusing on the future. The 12 chosen startups are exploring solutions including technology to detect and prevent cyberbullying; smartphone access to video-based health and wellness monitoring; tools to measure and reduce the carbon footprint of companies and individuals; and settling insurance claims automatically using AI and blockchain.
What’s next?
They are now working with Zurich to further prove themselves and prepare an operational plan in a three-month accelerator phase, a new addition to this year’s competition. During this phase, the 12 startups will benefit from both financial and non-financial support such as mentoring by Zurich executives and experts and access to business use cases, after which an implementation phase will bring the successful ideas to life and scale them globally.
“This is when it gets really exciting as we collaborate to test, grow and execute, allowing for a joint adoption of the most promising use cases,” said Stuart Domingos, Head of Group Innovation.
The winners in each category are:
- Insurance reimagined: Caruso, Garanteasy, Keepers.ai
- Prevention and mitigation: Adapt Ready, Binah.ai, One Concern
- Simplicity: Anagog, Democrance, LISA Insurtech
- Sustainability: Deedster, Dynamhex, Salient
Zurich is also in touch with other participants in the Zurich Innovation Championship globally to explore ways to collaborate together in the future.
More information
Find out more about the Zurich Innovation Championship on https://www.zurich.com/zic.
Zurich Innovation Championship 2021/22 - The Winners
(Click on a logo for more details on the startups.)
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Caruso
Insurance Reimagined
Pilot with: Zurich Germany
Caruso dataplace is a neutral, open, and secure mobility data marketplace. The platform enables third parties to consume data standardized across multiple vehicle manufacturers. Their built-in consent management technology ensures data privacy by giving vehicle end-users full control over data sharing.
Visit their website -
Garanteasy
Insurance Reimagined
Pilot with: Zurich Global Ventures + Zurich Italy
Garanteasy’s solution allows consumers and companies to keep warranty information for purchased products in a private Cloud and manage it throughout the product's lifecycle. It can warn about deadlines and product maintenance schedules, and it enables support requests in case of defects or damage.
Visit their website -
Keepers.ai
Insurance Reimagined
Pilot with: Zurich Japan + Zurich Brazil + Zurich Argentina
Keepers.AI developed a proprietary non-invasive, observational technology, designed to detect cyberbullying in all its forms.
Visit their website -
Adapt Ready
Prevention & Mitigation
Pilot with: Commercial Insurance + Zurich UK
Adapt Ready’s award-winning risk intelligence platform harnesses the power of machine learning to solve the data jigsaw puzzle that commercial insurers face today. The system continuously captures and analyses large amounts of external data to provide a 360-degree view of complex risk in an intuitive interface.
Visit their website -
Binah.ai
Prevention & Mitigation
Pilot with: LiveWell
Binah.ai provides AI-powered, video-based health and wellness monitoring solutions. Using only a smartphone camera, or any other camera-equipped device, end-users can measure heart rate, heart rate variability, oxygen saturation, respiration rate, mental stress and soon, blood pressure.
Visit their website -
One Concern
Prevention & Mitigation
Pilot with: Zurich North America + Commercial Insurance
One Concern provides a resilience-as-a-service solution that helps customers uncover, prepare for, and mitigate unpredictable disaster risk.
Visit their website -
Anagog
Simplicity
Pilot with: Zurich Portugal + Zurich Germany
Anagog enables marketers to offer a differentiated multi-channel personalized engagement, in real-time, including Push Notifications, In-App Messages, App Inbox, and to better learn their audience via powerful anonymized audience analytics.
Visit their website -
Democrance
Simplicity
Pilot with: Zurich Malaysia
Democrance offers a no-code SaaS platform, enabling insurers to launch new products and distribution channels (direct, affinity and intermediary) quickly in less than 4 weeks.
Visit their website -
LISA Insurtech
Simplicity
Pilot with: Zurich Chile
Lisa Insurtech develops capabilities to settle insurance claims automatically, using AI & Blockchain.
Visit their website -
Deedster
Sustainability
Pilot with: Zurich Global Ventures
Deedster is a digital plattform for sustainability, where you can challenge yourself and others to lead the change to a more sustainable consumption.
Visit their website -
Dynamhex
Sustainability
Pilot with: Zurich North America
Dynamhex develops software that helps cities and companies target climate action and measure results. They use deeplearning optimization and resource planning to provide a platform of end-to-end solutions for corporate, utility and municipal customers to identify, analyze and prioritize recommendations for reductions.
Visit their website -
Salient
Sustainability
Pilot with: Zurich Brazil
Salient Predictions uses ML & ocean data to provide long range weather forecast for use in diverse industries.
Visit their website
Contacts
- Media Relations
Zurich Insurance Group (Zurich) is a leading multi-line insurer serving more than 55 million customers – both people and businesses – in more than 210 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.
Reflecting its purpose to ‘create a brighter future together’, Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and is one of the world’s most sustainable insurers, as shown by the S&P Global Corporate Sustainability Assessment. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil.
The Zurich Group has about 56,000 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. Further information is available at www.zurich.com.