Isle of Man innovators are being urged to take part in an innovation contest for startups in the insurance industry, which offers a prize of up to $100,000 in funding.
The Zurich Innovation Championship invites applicants from across the globe to sign up for one of four categories to be in with a chance of working with Zurich locally and globally.
Applications close on February 14, 2024.
Innovation Championship
The Zurich Innovation Championship is run by the Zurich Insurance Group, and is being promoted locally by Zurich on the Isle of Man.
Startups can sign up for the following categories which each offer different challenges:
- Commercial Insurance: How might Zurich maintain its success in Commercial Insurance by improving its technical insights and providing a better experience to customers?
- Digital Simplification: How might Zurich continue the digitalisation of its core to ensure efficiency and agility while supporting an exceptional experience for both customers and employees?
- Life & Health: How might Zurich fortify its position within the life sector by addressing the evolving needs of its customers and fostering sustainable growth?
- Retail Property & Casualty: How might Zurich grow in the retail sector by protecting the things people love and interacting where and when they choose?
Zurich on the Isle of Man
Glen Cochrane, Head of Market Management at Zurich on the Isle of Man, said: “In the past, we have received a really positive response from the local businesses on the Island to the Championship, and throughout this journey, we have encountered numerous remarkable entrepreneurs.
We are really looking forward to seeing the submissions from Isle of Man based startups this year.
Glen Cochrane, Head of Market Management at Zurich on the Isle of Man
“Given the success of recent fintech and employee benefits initiatives here on the Island, coupled with its reputation for innovation, it is set to be an exciting year for the Innovation Championship.”
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