Berlin Insurtech wins the Zurich innovation competitors | Insurance coverage Enterprise America
The purpose of the competitors is to establish probably the most revolutionary startups
By Steven Byerley
The Berlin-based firm omni:us emerged as the worldwide winner of the Zurich Innovation Championship 2023 with its Digital Claims Adjuster platform.
The purpose of the championship as a part of Zurich Insurance coverage Group’s startup program is to establish probably the most revolutionary startups and work with them to develop options for the insurance coverage business.
This yr, a record-breaking 3,500 startups took half within the competitors and omni:us was chosen as one of many 13 winners.
Due to this fact, omni:us, together with the opposite winners, will participate in a four-month accelerator program organized by Zurich. Throughout this program they’ve the chance to check the feasibility of their initiatives and obtain monetary and non-financial help. The help contains teaching by Zurich executives and recommendation from inner and exterior consultants on varied matters.
“We’re honored that Zurich has acknowledged the immense advantages that our AI-powered end-to-end claims automation resolution, Digital Claims Adjuster can convey to insurance coverage corporations and their clients,” mentioned Thomas Hauschild (pictured above), CEO of omni:us. “Zurich additionally acknowledged the scalability of our know-how and we’re excited to be working carefully with the Zurich staff this yr to reveal the worth we will supply their clients.”
The Digital Claims Adjuster platform integrates end-to-end claims automation into current insurance coverage methods. The platform not solely reduces course of prices by as much as 35%, but in addition considerably will increase buyer satisfaction and operational effectivity, in line with omni:us.
Ericson Chan, Zurich Group’s Chief Info and Digital Officer, emphasised the significance of working with startups.
“By collaborating with startups, we proceed to search out the daring and forward-thinking concepts we have to make an actual affect for our purchasers,” mentioned Chan. “With this yr’s successful initiatives, we proceed to push the boundaries of right now’s insurance coverage.”
“The insurtech market has thrived lately and we see many alternatives to take these new concepts and applied sciences and combine them into the best way we work,” mentioned Paolo Mantero, Zurich Group’s Chief Technique Officer. “These initiatives deal with essential areas the place we imagine transformation is essential to the way forward for insurance coverage.”
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