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Zurich, insurtech firm partner in online platform for small and medium-sized insurance



Zurich Insurance Group and CoverWallet Inc. have launched an online platform for SMEs insurance in Switzerland, companies say in a statement Wednesday.

In Switzerland, CoverWallet launches a core group of "anchor products" for small businesses, including employee and general liability remuneration, Inaki Berenguer, CEO and co-founder of CoverWallet, Insurance Insurance and was later able to expand to cover covers. as professional responsibility and directors and officials, he

Zurich will be the exclusive supplier at the launch, he said and added: "Over time we work with Zurich, we can consider adding other products from other carriers."

In Spain, CoverWall's first European launch covers 201

8, the products are also delivered exclusively by Zurich with Berenguer telling BI the platform is now "contemplating a few other carriers".

CoverWallet is also planning further expansion across Europe, he said, without being specific about countries or regions.

"The partnership in Spain exceeded our goals and we are excited to expand into additional countries to make insurance easier for companies around the world" Berenguer said in his statement.

Mario Greco, CEO of Zurich Insurance Group, said during the company's revenue from February: "The biggest source of growth we had in Spain this year was through CoverWallet in small and medium-sized companies, which is why we also intended to expand this to Switzerland. starting this year, "said the Tuesday statement.

After the launch in Spain, Zurich deepened his relationship with CoverWallet in May 2018 and invested in the company and acquired a minority stake, the statement said.

CoverWallet also announced that Courtney Leimkuhler has joined the board.

Ms. Leimkuhler was CEO of Marsh & McLennan Cos Inc. from 2013 to 2017 and served as Chief Financial Officer and Marsh Chief Operating Officer and CFO in the Risk and Insurance Services segment, said the statement.

Prior to joining Marsh in 2013, she spent nearly a decade on the New York Stock Exchange where she was Vice President and Head of Corporate Strategy, said the statement, adding that she began her career at Goldman Sachs Group Inc.

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