Zurich Insurance coverage Group (Zurich) has accomplished the acquisition of BOXX Insurance coverage, a Toronto-based insurtech specialising in cyber insurance coverage and threat administration.
The transfer goals to reinforce Zurich’s providing of cyber insurance coverage and associated companies for retail and SME prospects worldwide.
BOXX shall be integrated into Zurich World Ventures (ZGV), the place it’s anticipated to assist the unit’s development technique in cyber options and assist broaden its portfolio of companies.
Whereas BOXX will proceed to function underneath its present model, it can now type a part of ZGV’s suite of digital-first companies, which spans life safety, worker advantages, and journey.
ZGV focuses on built-in, customer-centric merchandise overlaying prevention, safety, and restoration, tailor-made for each retail and B2B2E purchasers.
“We have now had a really profitable collaboration with BOXX since 2021, and I’m thrilled to strengthen our partnership by welcoming BOXX to Zurich World Ventures,”
stated Cara Morton, CEO of Zurich World Ventures.
“BOXX’s digital-first, service-led method will assist us additional improve buyer engagement and supply built-in options that make folks’s on a regular basis life simpler.”
Vishal Kundi, CEO and Co-Founding father of BOXX Insurance coverage, commented:
“Changing into a part of Zurich supplies us with the sources and world attain to speed up our mission. Combining the strengths of each organisations will allow us to supply much more prospects with the safety they should navigate the digital world with confidence.”
Featured picture credit score: Zurich Insurance coverage
