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UBS and Baloise intend to enter into strategic partnership in the "Home & Living" ecosystem
Media releases UBS and Baloise intend to enter into strategic partnership in the "Home & Living" ecosystem
Basel, July 7, 2021. The aim of this strategic relationship is to give customers access to complementary services that address property owners’ key needs regarding financing, insurance and maintenance. The project means further progress for Baloise in the expansion of its service portfolio and partnerships in the Home and Mobility ecosystems under the Simply Safe strategy.

Baloise and UBS (with its mortgage brokerage platforms Atrium and key4) plan to enter into a strategic partnership in order to provide innovative solutions and services to property owners in Switzerland.

These plans are driven by the desire of both companies to better reflect changing customer needs. The aim is to combine the two partners’ core competences and services and their respective digital offerings in the best possible way to create a shared customer journey. The new joint Home & Living ecosystem will be designed to cover customer needs at all stages of the value chain. It will be based on the established UBS platforms Atrium and key4, Baloise’s Home initiatives, existing and prospective equity investments of both companies and potential further partnerships with third parties.

In addition to the two companies’ existing cooperation on mortgage brokerage for investment properties, Baloise wants to further expand its mortgage offering through this strategic partnership.

“Baloise has invested heavily in the expansion of its Home ecosystem in recent years. Alliances with, and investments in, innovative Swiss start-ups such as Houzy, Devis, MOVU, Bubble Box and Batmaid have laid the foundations for a network of services that make everyday life easier for our customers. I am delighted about the plans to now form a strong partnership with UBS that will provide the basis for a shared Home & Living ecosystem,” says Yannick Hasler, Head of Retail Customers and a member of the Executive Committee of Baloise in Switzerland.

“UBS has laid the foundations for its platform business in Switzerland with Atrium and key4. Ongoing expansion efforts through partnerships with innovative start-ups and brokers are key to the further development of our ecosystem. The planned strategic partnership with Baloise supports this approach; we complement each other very well. Establishing links between existing and new customers and leading Swiss service providers is a core element of our strategy as Switzerland’s leading universal bank,” adds Sabine Magri, COO UBS Switzerland AG.

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About Baloise The focus is firmly on the future at Baloise as part of its «Simply Safe» strategy. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company. Through our smart finance and insurance solutions, complemented by a whole host of innovative offerings for the home and mobility, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday. Baloise, a European company founded in 1863, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 9,600 million in 2021 and a profit of CHF 588.4 million. Bâloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.
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