Baloise, the Swiss insurer, has agreed to a cooperation with Luxembourg-based fintech adviser Anthemis. Here’s what it hopes to achieve with the pact.
Baloise and Anthemis Group, which is based in Luxembourg, have entered an investment partnership, the Swiss company said in a statement today.
The Swiss insurer will make available 50 million Swiss francs for investments in European, U.K. and U.S.-based start-ups with the potential to drive forward the digital revolution at Baloise.
Digital Financial Services
The announcement came after the company previously said it would work with Anthemis as part of its «Simply Safe» strategy, presented at the 2016 investors’ day.
«Baloise now has a unique opportunity to benefit from the Anthemis Group's knowledge of innovation in digital financial services and to utilize it in the implementation of the Simply Safe strategy,» said Baloise CEO Gert De Winter according to today’s statement.
