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, announced earlier this week they have teamed up to launch an online platform for SME insurance in Switzerland. According to the duo, this expansion marks the second European country where the online platform is available, building on the momentum of the release in Spain in 2018.
“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.”
While sharing more details about the partnership, Inaki Berenguer, CEO and Co-Founder of CoverWallet, stated:
“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. 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.”
Juan Beer, CEO Zurich Insurance in Switzerland, went on to add:
“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.”