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

Cisco and NVIDIA Partners to Streamline AI Infrastructure in Data Centers

Cisco and NVIDIA have unveiled a collaborative effort to introduce advanced AI infrastructure solutions designed for easy deployment and management within data centers, catering to the growing demand for extensive computing capabilities essential for thriving in the AI-dominated corporate landscape.

Walmart Pledges US$1 Million to Aid Valparaiso Fire Victims

In the aftermath of severe fires that ravaged four municipalities in the Valparaiso region in early February, causing extensive damage to over 7,000 houses and affecting upwards of 4,000 individuals, the Walmart Foundation alongside Walmart Chile has stepped forward with a commitment to aid in recovery efforts. The conglomerate has pledged a substantial social investment of US$1 million to support the victims of this calamity.

3 Innovative Startups Transforming Food Waste into Eco-Friendly Products

In a world where we’re facing big environmental challenges and trying hard to make the most of what we have, there’s a huge problem staring us in the face: food waste. Imagine this—for every three bites of food you take, one was wasted somewhere along the way. That’s right, about a third of all food meant for us never gets eaten, ending up in the trash instead. That’s a lot of wasted resources—like water, land and energy—not to mention the extra greenhouse gases it adds to our planet. 

Cyberhaven Launches Linea AI to Combat Critical Insider Data Risks

Cyberhaven has recently unveiled Linea AI, an advanced AI solution aimed at enhancing data security by mitigating insider threats to essential corporate information. This platform distinguishes itself by leveraging the collective intelligence of top security analysts, applying a deep, human-like understanding to billions of data interactions within an organization.

Top 3 Legal Battles Threatening Elon Musk’s Empire

Elon Musk, the visionary behind Tesla and SpaceX, hardly needs an introduction. His ambitious ventures often catapult him into the spotlight, not just for groundbreaking innovations but also for a series of high-profile legal disputes.