5 Swiss insurtech startups to watch in 2020
In the same way that the banking industry was disrupted by fintech, innovative startups are shaking up the world of insurance. Discover five Swiss insurtech startups that are bound to leave a mark on the insurance industry in 2020 and beyond!
Insurance is considered one of the oldest and most traditional industries, and it is said to be fairly resistant to change. But in the last few years, a new digital wave of innovation is shaking up the sector, and a growing number of startups are tackling inefficient processes and high costs while encroaching on the territory of the big players.Insurtech companies mostly focus on increased personalization, a digital-first approach, and mobile services that not only offer great UX but also address changing customer needs. State-of-the-art technology and big data analytics combined with a modern and agile IT infrastructure give insurtech companies more speed and freedom to operate.
The Swiss insurtech ecosystem is growing, led by Wefox that has been raising USD 268.5 million since 2015. Let's look at five Swiss startups that are bringing innovation to the insurance industry.
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Embedded insurance is about providing affordable, relevant and tailormade insurance solutions to people when and where they need it most. It is enabled by implementing technology, which provides insur... Read more
Sustema makes it easy for insurers to integrate ESG data into existing underwriting processes and significantly improve underwriting performance. Existing customers have seen loss ratio gains of 10-35... Read more
TONI Digital is a Swiss Insurtech start-up based in Zurich. Founded in 2017, it has already become a leading Swiss provider of white label B2B2C insurance solutions and works with renowned companies s... Read more
vlot, an enterprise SaaS InsurTech company, was founded with the mission to enable families and individuals to make financially responsible decisions. Through B2B partners, we help people to intuitive... Read more
We are a start-up based in Berlin, Zurich and Barcelona. Founded in November 2014 in Switzerland, we combine many years' experience in the insurance industry with the world of digital technology. With... Read more