As an insurance executive, you know that the industry is constantly evolving. With the rise of technology and changing customer expectations, it’s more important than ever to stay ahead of the curve. That’s why we’re excited to share news of a partnership between Swiss Re’s digital subsidiary, Iptiq, and Zurich-based insurtech, Toni Digital.

According to a recent press release, the goal of this partnership is nothing less than the digital transformation of the Swiss insurance market. Together, Iptiq and Toni Digital plan to offer innovative insurance solutions through various distribution partners, including “embedded insurance” – integrating insurance solutions into third-party platforms.

This collaboration is set to expand an existing partnership with Postfinance, a subsidiary of Swiss Post, in the area of motor vehicle insurance. The two companies plan to roll out their joint offerings from early 2024.

Iptiq is a digital insurer under the umbrella of Swiss Re, the largest Swiss reinsurer. In the past, Iptiq has collaborated with major players such as UBS and Ikea. Toni Digital, on the other hand, specializes in digital B2B2C insurance solutions and is led by CEO Berhard El Hage, who has extensive experience in the insurance industry.

As insurance executives, you understand the importance of staying ahead of the curve and embracing innovation. This partnership between Iptiq and Toni Digital is a prime example of how the industry is evolving to meet changing customer needs and expectations.

To stay ahead of the curve, it’s important to consider new and innovative insurance solutions. One such solution is parametric insurance, which uses real-time data to trigger payouts based on predefined parameters. This type of insurance can be particularly useful in situations where traditional insurance may not be suitable, such as natural disasters or other catastrophic events.

At Riskwolf, we specialize in helping insurers build and operate parametric insurance at scale. Our unique real-time data and dynamic risk modeling enable insurers to turn data into insurance quickly and reliably. If you’re interested in exploring parametric insurance solutions for your business, we invite you to get in touch with us today.

In conclusion, the partnership between Iptiq and Toni Digital is an exciting development in the Swiss insurance market. As insurance executives, it’s important to stay informed about new and innovative solutions that can help you stay ahead of the curve. To learn more about this partnership and other industry developments, be sure to check out the original article here.