Zurich Singapore Announces Symbo as Local Winner of Zurich Innovation Championship 2020

• Symbo selected from strong field of close to 40 Singapore start-ups

• Pilot to develop innovative digital insurance solution for Singapore’s SME segment

 

Zurich Insurance Company Ltd (Singapore Branch) (Zurich Singapore) has crowned Symbo Platform Holdings (Symbo) the winner of the Zurich Innovation Championship 2020 – Singapore Round.

 

Symbo’s winning pitch revolves around a digital insurance pilot for the Small and Medium-sized Enterprise (SME) segment. The pilot features a full technology-stack solution to streamline the insurance lifecycle from end-to-end. SMEs will enjoy a seamless digital experience from customer onboarding to claims.

 

Mr. Reginald Peacock, CEO of Zurich Singapore, said: “As a global organization with more than a century behind us, innovation is a big part of Zurich Group’s strategy in evolving – delivering better products, services and customer care. We are excited to work with partners, such as Symbo, who bring fresh ideas into the insurance industry.”

 

Symbo, a Singapore-based InsurTech start-up, was selected as the 2020 local winner of the global Zurich Innovation Championship (ZIC) from close to 40 applicants, by a panel comprising senior business leaders and innovation experts from Zurich.

 

Now in its second year, the ZIC brings together start-ups and innovators across the globe to tackle challenges expected to impact the next generation – climate, health, automation and others – and build a more sustainable tomorrow.

 

“Zurich takes innovation seriously and it’s been fantastic to see the calibre of thinking and innovation showcased in the competition. We’re extremely pleased to have been selected as this year’s Singapore Champion and given an opportunity to partner Zurich to co-create solutions for an underserved SME space,” said Symbo’s Singapore CEO and Head of International, Mr. Laurens Koppelaar.

 

Symbo will go on to pitch in the ZIC’s regional round in Asia Pacific in June 2020, following which regional finalists would compete in the global finals in August 2020. The global winner will have the opportunity to make their products and services available to Zurich customers in selected countries and regions.

 

-END-

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

How to Invest in the Cannabis Industry

How to Invest in the Cannabis Industry

Despite cannabis (also known as weed or marijuana) being illegal in a large part of the world, the global cannabis market was worth US$28.26 billion in 2021 and is expected to grow to US$197.74 billion by 2028. Gone are the days when venture capital firms would dismiss cannabis companies as problematic investments.

Why Crypto Markets Crash and 5 Ways Investors Can Deal

Why Crypto Markets Crash and 5 Ways Investors Can Deal

With more and more people holding cryptocurrencies today, the crypto crash of May 2022 has had severe financial consequences. Reliable currencies, including Bitcoin and Ether, met a terrible fate, as did stablecoins, amounting to losses of over US$300 billion.

How Lemi Is Helping Small Businesses Reach Their Customers

How Lemi Is Helping Small Businesses Reach Their Customers

Starting a business isn’t easy. From finding raw materials and making your products to actually reaching the right customer base, everything takes a lot of time and energy. Even though this process is so hard, a lot of people venture out and start their own businesses, so much so that small business enterprises (SMEs) make up 90% of the world’s businesses.

What Is CateCoin and Is It Legit

What Is CateCoin and Is It Legit?

At a time when meme coins, like Dogecoin and Shiba Inu, are enjoying immense popularity, another cryptocurrency has been laying the groundwork to compete with them: CateCoin.

Companies that Might Accept Crypto Payments in 2022

Companies that Might Accept Crypto Payments in 2022

The cryptocurrency industry is growing rapidly, and with that growth comes increased interest from companies looking to accept crypto payments. While there are already a few major companies that accept cryptocurrency payments, like Microsoft and PayPal, many more are considering following suit.