Zurich, CoverWallet Launch Online Insurance Platform for Smaller Firms in Switzerland

Zurich Insurance Group’s investment in CoverWallet is bearing fruit, with Zurich now providing insurance for small and medium-sized businesses in Switzerland via CoverWallet’s online platform. CoverWallet uses analytics and state-of-the-art technology to simplify how small businesses buy insurance. Zurich acquired a minority stake in the digital business insurance agency startup in June 2018, after the companies launched a similar online platform in Spain a little more than a year ago in an initial stab at working together. Juan Beer, CEO of Zurich Insurance in Switzerland, said in prepared remarks that the partnership will target “micro-enterprises and startups, which usually lack the time and resources to deal with the topic of insurance protection.” The new Switzerland effort allows for CoverWallet’s platform to offer Zurich’s insurance policies. Zurich/CoverWallet claim that their collaboration enables businesses to easily learn about the types of coverage they need and get “real-time quotes.” They can also purchase insurance and manage their insurance online in minutes, CoverWallet and Zurich assert.

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