Zurich Insurance Group (VTX:ZURN), one of the largest global insurance
companies, and CoverWallet,
the tech company that is the easiest way to understand, buy, and manage
business insurance online, today launched a platform for small and
medium-enterprise (SME) insurance in Switzerland. The expansion marks
the second European country where the online platform is available,
building on the momentum of the release in Spain in 2018.
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ZurichBusinessInsurance.ch is available in Italian, French, German, and English. (Graphic: Business Wire)
“Thanks to the partnership with CoverWallet, we offer small businesses a
new type of easy-to-deal with online insurance coverage. Our target
group are micro-enterprises and startups, which usually lack the time
and resources to deal with the topic of insurance protection,” said Juan
Beer, CEO Zurich Insurance in Switzerland.
Through the platform, which is powered by CoverWallet and offers
Zurich’s insurance policies, SMEs can quickly learn about the types of
coverage they need, get real-time quotes, purchase insurance, and manage
their policies online, in minutes. Following the launch in Spain, Zurich
deepened its relationship with CoverWallet in May 2018 and invested in
the company, acquiring a minority stake.
“Zurich is one of the most renowned insurance companies in the world,
and our partnership underscores the value they see in making small
business insurance available online,” said Inaki Berenguer, CEO and
Co-Founder of CoverWallet. “The partnership in Spain exceeded our goals,
and we are excited to expand into additional countries to make insurance
easier for businesses around the world.”
As CoverWallet continues to grow, the company is also announcing
Courtney Leimkuhler has joined its Board of Directors. Leimkuhler was an
executive at Marsh & McLennan Companies (NYSE:MMC) from 2013 to 2017,
serving as the CFO and interim COO of Marsh as well as the CFO of the
Risk and Insurance Services segment. Prior to joining Marsh in 2013, she
spent nearly a decade at the New York Stock Exchange where she was
Executive Vice President and Head of Corporate Strategy during a period
of transformation in the capital markets. Leimkuhler began her career at
Goldman Sachs and earned her bachelor’s degree and MBA from Harvard
University.
“There are tremendous opportunities in the insurance industry today
driven by the application of new data science and technology.
CoverWallet is seizing this opportunity and dramatically modernizing how
small business insurance gets done,” said Leimkuhler. “I’m looking
forward to working with the team as they continue to scale their
technology platform, grow CoverWallet for Agents, and expand
internationally.”
For more information about the platform in Switzerland, which is
available in German, Italian, English, and French, please visit www.zurichbusinessinsurance.ch.
About Zurich Insurance Group
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.
About CoverWallet
CoverWallet
is the leading tech company reinventing the $100 billion U.S. commercial
insurance market for small businesses. Based in New York and launched in
2016, it has received more than $35 million in funding from renowned
investors including Union Square Ventures, Index Ventures, Two Sigma,
and Foundation Capital, as well as Zurich Insurance Group and Starr
Companies. Powered by deep analytics, thoughtful design, and
state-of-the-art technology, the company is the easiest way for small
businesses to understand, buy, and manage insurance online.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190410005565/en/