Zurich Insurance and Snapsheet combine for strategic partnership

Zurich Insurance and Snapsheet combine for strategic partnership | Insurance Business

Zurich Insurance and Snapsheet combine for strategic partnership

Zurich Insurance has formed a new strategic agreement with Snapsheet, a provider of virtual claims technology.

The collaboration will see Zurich deploy Snapsheet’s digital services platform in multiple countries - the partnership also marks a global expansion for Snapsheet, a release noted.

Snapsheet’s services will be made available to Zurich customers in Ireland first, with plans for expansion in the rest of Europe, Latin America, and Asia-Pacific.

“The collaboration with Snapsheet will allow Zurich to further streamline the claims journey for our customers and provide additional innovative services,” said Zurich group chief claims officer Ian Thompson.

“Our customers will have additional options to report claims and communicate with Zurich to speed up and simplify the claims experience. As we build a culture of innovation and greater agility into our business, we are very excited to enter into this strategic relationship with an insurtech that is paving the way for new innovation in the insurance industry.”

According to Snapsheet co-founder CJ Przybyl, the company has processed more than $2.5 billion worth of claims in the US through its software program.

“Zurich recognised the tremendous value to be gained from the Snapsheet suite of software across multiple lines of their P&C business,” Przybyl added. “Our ability to capture claims information from any medium, coupled with pro-active workflows, will help augment Zurich’s existing systems – ultimately providing a higher level of service for their customers.”