12 Winning Initiatives of Zurich Insurance Innovation Championship 2023
by Fintechnews Switzerland October 4, 2023From submission to winner and now local execution – with the chance to be scaled globally. That’s the action-packed journey that this year’s Zurich Innovation Championship winners have undertaken over the past nine months.
Zurich Insurance Group held recently its first Innovation Demo Day to celebrate the 12 winning initiatives that have successfully made it through a four-month long accelerator and will now be executed locally – and, in one case, even be launched as a global service.
During the event at Zurich’s headquarters, the 12 startups presented their initiatives, supported by executive judges for each of the five program categories.
Zurich kicked off the fourth edition of its global startup program, the Zurich Innovation Championship, in January 2023. In May 2023, it announced this year’s winners from more than 3,500 submissions. The winners then entered a four-month accelerator during which they worked on testing the practical viability of their initiatives and preparing a business plan together with the Zurich business units that selected them. All the initiatives are now preparing for local roll-out, with the potential to be scaled globally. In the case of Paris-based startup Citalid, it is already ramping up to integrate its cyber risk quantification platform as part of a new global service of Zurich Resilience Solutions.
Joel Agard
Joel Agard, Head of Innovation at Zurich Insurance Group and Zurich Innovation Championship co-lead, said:
“True innovation requires relentless determination to turn challenges into growth opportunities. The Zurich Innovation Championship embodies this, and I’m thrilled to see the 12 winning initiatives. They’re stepping stones towards the future of insurance.”
Antony Elliott, Head of Digital R&D at Zurich Insurance Group and Zurich Innovation Championship co-lead, added:
“The Zurich Innovation Championship is a transformative learning experience for both the startups and Zurich alike. By combining the expertise of our business unit teams with innovative, tech-savvy startups, I believe we have built 12 initiatives that really have the potential to shake things up in the industry.”
Altogether, more than 45 collaborations are ongoing globally with previous winners and participants from the four editions of the Zurich Innovation Championship, including some that have started to be rolled out globally.
The next edition of the Zurich Innovation Championship is due to launch in late January 2024.
The winning initiatives 2023 are:
Agave Biosensors (LiveWell by Zurich, Group Claims)
Citalid (Zurich France, Zurich Resilience Solutions)
EpiQMAx (Zurich Germany)
Fisify (Zurich Chile, Zurich Mexico, Zurich Spain)
Hence Technologies (Zurich Canada, Group Claims)
KorrAI (Zurich North America)
Minalea (Zurich Italy, Zurich Portugal)
Miss MoneyPenny (Zurich Germany, Zurich Global Ventures)
Omni:us (Zurich Switzerland)
Spotr (Zurich Ireland)
Truera (Group Digital Business Intelligence)
Wysa (Zurich North America)
