Swiss insurer Helvetia buys into Estonian insurtech
Swiss insurer Helvetia has taken a stake in Estonian insurtech Inzmo. The insurtech uses technology to speed up the process of buying insurance, while also allowing policyholders to make claims via an online platform. The two firms are now working together to sell coverage protecting bicycles, electronic gear, glasses and watches. 

Swiss insurer Helvetia has bought a stake in an insurtech company based in Estonia. The solution provided by the firm enables customers to get comprehensive coverage online.

Helvetia acquired a stake in Inzmo via its Venture Fund, the Swiss company said in a statement today. Inzmo developed a fully digital B2B2C insurance procedure covering all steps required – from contract to administration of policies and claims, Helvetia added.

Helvetia has been gaining experience with the Inzmo solution since June. The insurer paid less than 10 million francs for the stake.

Bicycle Theft

The technology allows users to buy coverage within minutes and to administer their policies. They can also file claims online, using the application.

Helvetia and Inzmo are active in selling insurance policies covering bicycles, electronic gear, glasses and watches. Inzmo will use the money Helvetia invested to develop the application further.