Zurich Insurance Group has announced the winners of its inaugural Zurich Innovation World Championship, a competition designed to find and reward the most innovative insurtech startups working today. Chisel AI, which applies artificial intelligence technology to unstructured data sources in order to improve the processing process, was the Gold winner in the competition, with Zesty.ai taking the Silver prize and LifeNome and Soldier.ly joint Bronze.
The winning companies will work with Zurich’s Business Units to construct pilot programmes, with a view to making their propositions available to Zurich’s customer base in selected regions. They were honoured at an awards ceremony at Zurich’s main headquarters in Switzerland, having been judged by the insurer’s executive committee.
“We are pleased that Chisel AI, Zesty.ai, LifeNome and Soldier.ly are the winners of the first Zurich Innovation World Championship,” said Giovanni Giuliani, Zurich’s Group Chief Strategy, Innovation and Business Development Officer. “Each of these insurtech startups demonstrated they can fully support Zurich and its customers with pioneering ideas and products. We are committed to drive transformation and innovation in the insurance industry and I am excited to see what our winners’ pilot programmes will deliver for Zurich and the industry.”
The Innovation World Championship saw nearly 500 startups from around the world submitting their products and services; Zurich will work not just with the overall winners, but with selected local winners from previous rounds.
“The Zurich Innovation World Championship underlines our ongoing quest to attract and retain the best and most innovative talent across the globe,” said Mario Greco, Group CEO of Zurich. “We received applications from Argentina to Australia, demonstrating the breadth of talent, ideas and people who recognise the opportunity to work with and learn from Zurich. We are very excited to be working with our winners to develop cutting-edge new services, approaches and capabilities that will help us better meet the evolving needs of our customers, employees and other stakeholders globally.”