Zurich Insurance Group (Zurich)’s global startup programme seeks to find the most innovative startups and to collaborate with them on solutions tailored to the needs of customers and the insurance industry. This year, a record 3,500 entered the competition.
Zurich has selected omni:us as one of 13 global winners. It will join the other winners in a four-month accelerator programme with Zurich, where they will test the viability of their initiatives and benefit from financial and non-financial support, including coaching from Zurich executives, in addition to advice from internal and external topic experts.
“We are honoured that Zurich has recognised the great benefits which our AI-powered end-to-end claim automation solution, the Digital Claims Adjuster, can deliver to insurance companies and their customers,” said omni:us Chief Executive Officer Thomas Hauschild. “Zurich also recognised that our technology is scalable, and we know look forward to working with the Zurich team this year to demonstrate what value we can bring to their customers.”
The AI-powered Digital Claims Adjuster solution demonstrated by omni:us seamlessly integrates end-to-end claims automation into existing insurance systems. The platform’s AI-powered claims decision-making technology not only reduces process costs by up to 35%, but also significantly improves customer satisfaction and efficiency.
“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,” said Ericson Chan, Zurich Group Chief Information & Digital Officer. “With this year’s winning initiatives, we continue to push the boundaries of today’s insurance.”
Paolo Manero, Zurich group Chief Strategy officer, added: ““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.”
For full details on all the winners, visit https://www.zurich.com/en/media/news-releases/2023/2023-0522-01