Zurich Insurance Group has announced 13 winners for the latest edition of its global Zurich Innovation Championship 2023.
The categories from which the winners were chosen are; commercial insurance, customer experience, digital enablement, distribution partnerships and sustainability.
This year’s winners present solutions to a range of challenges where insurance can take a proactive role, from using biosensors to improve health outcomes to interactive content marketing for drivers, and digital tools to improve commercial performance and customer care.
The winners will enter a four-month accelerator during which they will test the practical viability of their initiatives and prepare a business plan together with the Zurich business units that selected them.
The 13 startups will benefit from both financial and non-financial support, including coaching by Zurich executives as well as internal and external topic experts.
Those who can successfully validate their initiatives will then work locally and globally with Zurich towards joint adoption.
In addition to this year’s winners, Zurich has ongoing collaborations with 30 of the previous Zurich Innovation Championship winners and participants, with some of the initiatives already scaled across multiple countries.
“In recent years, the insurtech market has bloomed and we see many opportunities to leverage those new ideas and technologies and embed them in the way we work.
These initiatives tackle important areas where we believe embracing transformation is crucial for the future of insurance.”
said Paolo Mantero, Group Chief Strategy Officer.
“Through collaborating with startups, we continue to source the bold and forward-thinking ideas that are needed to create a real impact for our customers.
With this year’s winning initiatives, we continue to push the boundaries of today’s insurance.”
said Ericson Chan, Group Chief Information & Digital Officer at Zurich Insurance.
Featured image credit: Edited from Freepik
