Zurich Innovation Championship: Start-ups in the insurance sector invited

Zurich Innovation Championship: Start-ups in the insurance sector invited

According to a report by www.cash-online.de, the Zurich Insurance Group has launched the Zurich Innovation Championship for the fourth time. This is the world's largest open innovation competition for start-ups in the insurance sector. The aim of this competition is to jointly develop solutions for the needs of customers and the insurance industry. Start-ups can register in the categories of customer experience, commercial insurance, sales partnerships, digital enablement and sustainability. Registration is possible until the end of February 2023. The selected start-ups will receive project funding of up to USD 100,000 and will be supported during an accelerator program from January to December 2023. The most successful initiatives are then implemented as pilot projects.

This innovation competition demonstrates Zurich Insurance Group's commitment to technology openness, innovation and sustainability. By supporting start-ups and collaborating with leading players in the start-up ecosystem, Zurich aims to advance digitalization and better meet customer needs.

Such innovation competitions can have significant effects on the insurance sector. On the one hand, they allow established companies like Zurich to access new innovative ideas that they might not be able to develop internally. This allows customer-centric solutions to be developed and new customer needs to be better met.

For start-ups, the Zurich Innovation Championship offers the opportunity to expand their businesses and pitch technology-oriented solutions. Expert support and project financing of up to USD 100,000 enable the start-ups to further develop their ideas and potentially implement them as pilot projects for the Zurich Insurance Group.

Overall, the Zurich Innovation Championship helps to dynamize the insurance industry, promote new technologies and support the transition to a more sustainable world. With such innovation competitions, Zurich positions itself as a pioneer in the industry and shows its commitment to jointly shaping a modern, livable and sustainable society.