The competition aims to identify the most innovative startups
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Berlin-based company omni:us has emerged as a global winner of the 2023 Zurich Innovation Championship for its Digital Claims Adjuster platform.
The championship, part of Zurich Insurance Group’s start-up program, aims to identify the most innovative startups and collaborate with them on solutions for the insurance industry.
This year, 3,500 startups participated in the competition, and omni:us was selected as one of the 13 winners.
As a result, omni:us will join other winners in a four-month accelerator program organized in Zurich. During this program, they have the opportunity to test the agility of their initiatives and receive financial and non-financial support. Support includes coaching from Zurich executives, as well as advice from internal and external experts on various topics.
“We are honored that Zurich has recognized the many benefits that our AI-powered end-to-end claims automation solution, the Digital Claims Adjuster, can provide insurance companies and their customers,” said Thomas Hauschild (pictured above), CEO of omni: us. “Zurich also recognizes the scalability of our technology, and we are excited to work closely with the Zurich team this year to demonstrate the value we can bring to their customers.”
The Digital Claims Adjuster platform integrates end-to-end claims automation into existing insurance systems. The platform not only reduces process costs by up to 35% but also significantly improves customer satisfaction and operational efficiency, omni:us said.
Ericson Chan, the Zurich group’s chief information and digital officer, emphasized the importance of collaboration among startups.
“By partnering with startups, we continue to source the bold and imaginative ideas needed to make a real impact on our customers,” said Chan. “With this year’s winning initiatives, we continue to push the boundaries of today’s insurance.”
“In recent years, the insurtech market has grown, and we see many opportunities to use new ideas and technologies and embed them in the way we work,” said Paolo Mantero, principal who is Zurich’s strategy officer. “These initiatives focus on key areas where we believe embracing change is critical for the future of insurance.”
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