Startups selected from 2,600 applicants to Zurich Innovation Championship.
Businesses now enter accelerator phase to validate their proposals
They were selected as part of Zurich's global startup tournament, the Zurich Innovation Championship. The tournament, now in its third edition, received approximately 2,600 applications in four categories - insurance reimagined, prevention and mitigation, simplicity, and sustainability.
'The breadth of ideas that we received from startups around the world was incredible and gives us a glimpse of what tomorrow's insurance will look like,' said
As Zurich celebrates its 150th anniversary this year, the Zurich Innovation Championship is focusing on the future. The 12 chosen startups are exploring solutions including technology to detect and prevent cyberbullying; smartphone access to video-based health and wellness monitoring; tools to measure and reduce the carbon footprint of companies and individuals; and settling insurance claims automatically using AI and blockchain.
What's next?
They are now working with Zurich to further prove themselves and prepare an operational plan in a three-month accelerator phase, a new addition to this year's competition. During this phase, the 12 startups will benefit from both financial and non-financial support such as mentoring by Zurich executives and experts and access to business use cases, after which an implementation phase will bring the successful ideas to life and scale them globally.
'This is when it gets really exciting as we collaborate to test, grow and execute, allowing for a joint adoption of the most promising use cases,' said
The winners in each category are:
Insurance reimagined: Caruso, Garanteasy, Keepers.ai
Prevention and mitigation: Adapt Ready, Binah.ai, One Concern
Simplicity: Anagog, Democrance, LISA Insurtech
Sustainability: Deedster, Dynamhex, Salient
Zurich is also in touch with other participants in the Zurich Innovation Championship globally to explore ways to collaborate together in the future.
More information
Find out more about the Zurich Innovation Championship on https://www.zurich.com/zic.
(C) 2022 Electronic News Publishing, source