Insurer Swiss Life forges partnership with fintech bexio
Swiss insurer Swiss Life has partnered with fintech firm bexio, offering small businesses access to insurance policies through the start-up's accounting and banking platform. Swiss Life's provisions solutions will become fully available through the platform in 2018. “This innovation is unique in all of Europe. For customers, the enormous administrative effort for the management of their provisions and personal insurance thus fall away”, said Swiss Life CEO Markus Leibundgut.

News

Szilvana Spett, SGBA/Café Europe

The Zurich-based insurance firm Swiss Life will become one of the largest shareholders in the fintech company bexio. The strategic partnership will allow bexio to reach out to new customers and enable Swiss Life to provide new products.

bexio intends to invest further into production innovation and growth thanks to the commitment of one of the largest insurance companies in Switzerland. According to a statement, the strategic partnership with Swiss Life will allow small and medium-sized companies to profit from the “seamless and automated integration of personal insurance into the web-based accounting of bexio”.

bexio has developed a corporate software that contains an interface between accounting software and e-banking. The fintech company from the St.GallenBodenseeArea is already working with the biggest Swiss banks, enabling payment orders to be transferred from a company’s software to the banks’ e-banking service “at the touch of a button”.

Beginning in mid-2018, SMEs will profit from a seamless integration of provisions solutions from Swiss Life into the bexio software. Customers can also supplement the offer individually with accident or short-term disability insurance.

“This innovation is unique in all of Europe,” said Markus Leibundgut, CEO of Swiss Life Switzerland. “For customers, the enormous administrative effort for the management of their provisions and personal insurance thus fall away.” Leibundgut will join the board of directors of bexio.

“With Swiss Life we have a strong partner by our side that supports our growth ambitions via additional access to customers,” added Jeremias Meier, co-founder and CEO of bexio.

“This cooperation is a further important step for Swiss Life to be able to provide our customers in the future as well with new and innovative products and services that meet the growing customer requirement for simplicity in an increasingly digitalised work environment.”