Zurich takes a stake in AI-powered insurer Ominimo to drive European enlargement

The corporate launched quietly in Hungary simply 12 months in the past and has already bought over 300,000 insurance policies, capturing 7% of the automotive insurance coverage market and turning a revenue. Its subsequent strikes are daring: Ominimo plans to enter Sweden and the Netherlands quickly after Poland, and goals to increase into no less than ten international locations within the coming years. Beneath the Zurich partnership, Ominimo will function as a managing common agent, controlling buyer expertise and product growth, whereas Zurich supplies the insurance coverage backing.