Swiss insurance group Baloise is partnering with venture capital firm Anthemis Group to find and invest up to CHF50m ($49.6m) in "digital-savvy" start-ups. The new fund will be managed by the Zurich-based investment bank Allianz. At the same time, disruptive insurance and risk management technology start-ups are jostling for a piece of the $4.7tn global insurance market.
Swiss insurance group Baloise is partnering with venture capital firm Anthemis Group to find and invest up to CHF50m ($49.6m) in "digital-savvy" start-ups. Baloise, which has CHF50bn of assets under management, is the latest long-standing company to try to get a foothold in the blossoming fintech sector, following Nasdaq and Northwestern Mutual Life Insurance. At the same time, disruptive insurance and risk management technology start-ups are jostling for a piece of the $4.7tn global insurance market.