Zurich North America calls for U.S. and Canadian insurtech startups to compete in first-ever Zurich Innovation World Championship
Schaumburg, Ill., September 5, 2018
New global competition seeks innovations in the fields of mobility, smart homes and buildings, digital health, financial planning, and a wild card category
Zurich North America is seeking top startups and entrepreneurs in the insurtech space to represent the United States and Canada and compete in the first-ever Zurich Innovation World Championship (the Championship).
Running in more than 20 countries worldwide, the Championship aims to identify and potentially support and amplify innovations in the fields of mobility, smart homes and buildings, digital health, and financial planning. An additional wild card category is also available.
Startups have until September 30, 2018 to apply via the Championship webpage.
“From Silicon to Ottawa Valley, and from high tech incubators to people’s garages and basements, North America is rife with innovations and ideas that can transform the insurance industry, pushing it into the future,” said Anurag Batta, head of Strategy, Innovation and Business Development for Zurich North America. “We’re seeking innovators who can augment our own innovation capabilities and offer new and truly valuable products and services for our customers.”
Winners of the Championship will have the opportunity to pilot their innovation with Zurich's customers in a country of their choice. If the pilot proves successful, Zurich will help scale the service across regional or global markets.
The Championship opened on Aug. 30, with the overall winners in each country going on to regional rounds in either North America, Latin America, Europe and the Middle East, and Asia Pacific. The winners of the regional rounds will then take part in a final, global competition in February 2019. Gold, silver and bronze winners of the global round will each receive the resources to implement a pilot program with Zurich customers.
Winners will be selected by juries of subject matter experts, innovation leaders and senior business executives.
“We’re looking for something that will excite us and meet not only our customers’ current needs but help predict and guide their future needs,” said Sumeet Bhatia, head of Innovation for Zurich North America. “And with the wild card category, the possibilities are endless.”
Bhatia added, “This is a compelling opportunity for startups to leverage Zurich’s scale and leadership to take their insurtech service to the next level.”
For more information, go to the Championship webpage.
Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 53,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.
In North America, Zurich is a leading provider of insurance products and services, including workers’ compensation, liability, property, specialty and F&I (finance and insurance) for a number of major industries, such as Construction, Auto Dealers, and Technology. It offers life insurance and disability coverage in the United States. Zurich employs approximately 9,000 people in North America. It’s a top-four commercial insurer in the U.S. and has been insuring U.S. businesses for more than 100 years. Further information is available at www.zurichna.com.