Swiss insurance group Baloise is partnering with venture capital firm venture Group to find and invest up to CHF50 m ( $ 49.6 m ) in " digital - savvy " start - ups . Baloise , which has hundreds of companies under management , is the latest long - standing company to try to get a foothold in the blossoming fintech sector , following Nasdaq and Northwestern Mutual ##tech Insurance . At the same time , disruptive insurance and risk management software start - ups are jostling for a piece of the $ 500 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.