Zurich announces a global initiative to boost Bahrain startups and ignite long-term partnerships.

Zurich announces a global initiative to boost Bahrain startups and ignite long-term partnerships.

Innovation through collaboration remains the name of the game as Zurich Insurance Group (Zurich) launches the fourth edition of the Zurich Innovation Championship – the largest global open innovation contest with startups in the insurance sector.

Following past successes, Zurich is inviting startups once again to compete for the opportunity to collaborate on solutions tailored to the needs of customers and the insurance industry.

“The Innovation Championship fosters a new way of thinking and allows us to get access to ideas and solutions we may not yet have ourselves,” said Ericson Chan, Group Chief Information & Digital Officer. “For the participants, it is an opportunity to grow their business and pitch technology-driven solutions that can help meet emerging and evolving customer needs.”

Ranked 64th globally and number three in the Middle East, the Bahrain startup ecosystem consists of innovative startups that are steadily making inroads in the country’s software and data, fintech, e-commerce and retail sectors – four critical pillars of Bahrain’s economic blueprint.

“As an active player in the Bahrain insurance industry, we encourage homegrown startups to fully exploit this phenomenal opportunity. This is arguably not just one of the most sought-after platforms for participants in an emerging startup space but an opportunity