Former Zurich CEO unveils insurtech venture

Former head unveils his latest venture, and it looks set to disrupt the broker channel

Former Zurich CEO unveils insurtech venture

Insurance News

By Jordan Lynn

The former CEO of Zurich’s business in Australia and New Zealand has revealed his next move with the announcement of a new insurtech start-up.

Daniel Fogarty, who left the local arm of the international giant in 2015, will head up a new insurtech firm aimed at simplifying the purchase and management of business insurance, while aiming at the key SME market.

The firm will officially launch in mid-2017 and will be called Evari.

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“I know first-hand the challenges that incumbents have trying to get innovation into the insurance process, and I firmly believe there is a better way of servicing the needs of small businesses,” Fogarty said of his latest venture.

Fogarty will be joined in the venture by co-founders from outside of the insurance industry. This external influence has helped shape the direction of the new venture.

Robert Jeffrey and Brack Norris are listed on the Evari website as co-founders and will take on the roles of chief operating officer and chief digital officer of the firm respectively, with Fogarty as CEO.

Having joined Zurich in 2009, Fogarty led the firm from 2012. He was eventually replaced by Rajbir Nanra.

Evari will launch with offices in both Sydney and Perth.

Related stories:
ANZIIF to hold its first insurtech conference
Zurich announces Aussie CEO departure

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