Basel/London, The Baloise Group is entering into an investment partnership with Anthemis Group, an investment and advisory firm. Baloise intends to make CHF 50 million available for investing in European, UK and US-based start-ups that have the potential to drive forward Baloise's digital revolution.
At the 2016 Investor Day, Baloise announced that it was stepping up its investment in digital processes, services and products as part of its Simply Safe strategy and would be teaming up with Anthemis.
Anthemis Group, a leading advisor in the field of digital financial services, is an ideal investment partner for Baloise. Through Anthemis, Baloise will make targeted investments of up to CHF 50 million in strategically relevant start-ups.
Gert De Winter, Baloise Group CEO, says: "We could not have found a better partner than Anthemis, as can be seen from its expertise and success in evaluating fintech start-ups and advising on investments in such businesses. Baloise now has a unique opportunity to benefit from the Anthemis Group's knowledge of innovation in digital financial services and to utilise it in the implementation of the Simply Safe strategy."
Nadeem Shaikh, founder and CEO of Anthemis says: "It is now clearer than ever before that innovation can be driven forward more quickly in the form of cooperation between established companies and start-ups. That is why we are absolutely delighted to be working with Baloise in order to bring about fundamental changes in the insurance industry."