Baloise acquires stake in AI start-up Brainalyzed

Basel, June 27, 2019. Big data and artificial intelligence are set to make an important contribution to Baloise’s future success. As part of its Simply Safe strategy, Baloise Asset Management, part of the Baloise Group, has acquired a stake in business start-up Brainalyzed, a specialist in machine learning and artificial intelligence (AI). Following a two-year partnership and its first experiences with swarm-based artificial intelligence, Baloise has decided to invest in the company. Brainalyzed’s innovative approach to AI will help Baloise Asset Management to successfully expand its third-party asset management business.

New methods and research in the field of artificial intelligence are changing the way in which asset management is conducted, and are thus having a significant influence on the market. Baloise Asset Management wants to take a leading role and is actively seeking out partnerships and strategic alliances to gradually increase its expertise.

Baloise Asset Management has already enjoyed a successful partnership with Brainalyzed for two years. The start-up specialises in analysing time series and working with large data volumes (big data). Baloise Asset Management is currently incorporating the findings from the joint projects into its day-to-day business, but in view of further areas to be researched it has decided to acquire a stake in Brainalyzed to strengthen the collaboration. This will enable it to effectively develop new skills and methodologies. Baloise Asset Management will now support Brainalyzed in its development activities and can make resources available that the start-up would find difficult to access otherwise. Baloise will have a minority stake in Brainalyzed.

Stephan Kamps, Head of Portfolio Management, is looking forward to continuing the work: “Brainalyzed has already opened up interesting areas for us that offer the prospect of developing new methodologies, such as in optimising our equity research. We are benefiting hugely from the young entrepreneurs’ innovative strength, ambition and straightforward approach.”

Dr Gunter Reinald Fischer, CEO of Brainalyzed Finance GmbH, is keen to highlight the benefits: “We are very pleased to have found an investor in Baloise Asset Management that enables us to continue developing our enterprise AI platform while receiving useful feedback from a lead user with industry expertise. We are optimistic that this strong partnership will allow us to refine our software solution and expand our customer base in Switzerland in the long term.”

About Brainalyzed

Founded in 2017 in Bad Bramstedt, Brainalyzed Finance GmbH develops AI solutions that enable banks and asset managers to make decisions based on data. Brainalyzed’s vision is to open up the potential of AI for all companies by significantly reducing the barriers that prevent them from using this exciting technology. This is made possible through the use of artificial swarm intelligence, the integral element of a cloud-based training system that allows customers in Germany and Switzerland to have thousands of AI models trained automatically without needing to employ data scientists. Brainalyzed is an alumnus of the F10 accelerator in Zurich and has recently completed the first funding round with leading private and public-sector investors.

Contact

Portrait Roberto Brunazzi

Roberto Brunazzi

Head of Media Relations

Phone

+41 58 285 82 14

Email

media.relations@baloise.com

Die Baloise Group ist mehr als eine traditionelle Versicherung. Im Fokus ihrer Geschäftstätigkeit stehen die sich wandelnden Sicherheits- und Dienstleistungsbedürfnisse der Gesellschaft im digitalen Zeitalter. Die rund 7'300 Baloise Mitarbeitenden fokussieren sich deshalb auf die Wünsche ihrer Kunden. Ein optimaler Kundenservice sowie innovative Produkte und Dienstleistungen machen die Baloise zur ersten Wahl für alle Menschen, die sich einfach sicher fühlen wollen. Im Herzen von Europa mit Sitz in Basel, agiert die Baloise Group als Anbieterin von Präventions-, Vorsorge-, Assistance- und Versicherungslösungen. Ihre Kernmärkte sind die Schweiz, Deutschland, Belgien und Luxemburg. In der Schweiz fungiert sie mit der Baloise Bank SoBa zudem als fokussierte Finanzdienstleisterin, einer Kombination von Versicherung und Bank. Das Geschäft mit innovativen Vorsorgeprodukten für Privatkunden in ganz Europa betreibt die Baloise mit ihrem Kompetenzzentrum von Luxemburg aus. Die Aktie der Bâloise Holding AG ist im Hauptsegment an der SIX Swiss Exchange kotiert.

Other news

Investments & Acquisitions

May 2, 2019

Baloise expands its ‘Home’ ecosystem with equity investment in Bubble Box

Baloise has expanded its ‘Home’ ecosystem by acquiring a stake in Bubble Box, an online laundry and dry cleaning start-up based in Switzerland. Bubble Box services will be available as part ...

Investments & Acquisitions

April 15, 2019

Baloise strengthens position in Belgian market

The Baloise Group is acquiring the Belgian insurer Fidea NV for EUR 480 million, strengthening its position in the Belgian non-life and life insurance market. The deal will increase Baloise’s ...