In its third edition, the Zurich Innovation Championship global competition received approximately 2,600 applications, from which 12 startups were chosen, one of them being Chile’s LISA Insurtech. The selected teams will be able to collaborate on new ways to serve customers, create more frequent and meaningful points of contact with them and challenge the boundaries of insurance.

LISA Insurtech participated in the Local Pitch Day in our country in January of this year, in which it was selected along with Griin.cl, achieving the opportunity to participate in the world final of the competition. The competition had four categories: Simplification, Sustainability, Prevention and Mitigation and Reimagined Insurance. The national startup was selected in Simplification.

After the award ceremony, Ericson Chan, Group Chief Information & Digital Officer of Zurich, mentioned that “the breadth of ideas we received from startups around the world was incredible and gives us a glimpse of what the insurance of tomorrow will look like.”

“Our winners have thoughtful and innovative solutions, and we look forward to developing them together to provide new solutions for our customers and simplify the way we interact with them,” Chan added.

The 12 selected startups are now working with Zurich to prepare an operational plan for a three-month acceleration phase, a new addition to this year’s competition. During this stage, winning companies will benefit from financial and non-financial support, as well as mentoring by Zurich executives and experts and access to business use cases, after which an implementation phase will bring successful ideas to life and scale them globally.

For his part, Stuart Domingos, Head of Group Innovation at Zurich, said: “This is where it gets really exciting as we collaborate to test, grow and execute, enabling joint adoption of the most promising use cases”.