Zurich acquires risk management insurtech BOXX
Zurich Insurance Group has acquired Toronto-based global cyber insurance and risk management insurtech, BOXX Insurance. It said it will allow it to provide retail and SME cyber insurance and services globally.
BOXX will be integrated into Zurich Global Ventures but continue to operate under its brand.
In addition to operating its own global businesses across life protection, employee benefits, and travel, Zurich Global Ventures said it will look to deliver products spanning prevention, protection, and recovery.
Cara Morton, CEO Zurich Global Ventures, said: “We have had a very successful collaboration with BOXX since 2021, and I am thrilled to strengthen our partnership by welcoming BOXX to Zurich Global Ventures. BOXX’s digital-first, service-led approach will help us further enhance customer engagement and provide integrated solutions that make people’s everyday life easier.”
Vishal Kundi, BOXX Insurance CEO and co-founder, added: “Becoming part of Zurich provides us with the resources and global reach to accelerate our mission," said Vishal Kundi, BOXX Insurance CEO and Co-Founder. "Combining the strengths of both organizations, will enable us to provide even more customers with the protection they need to navigate the digital world with confidence."
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