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Zurich takes a stake in AI-powered insurer Ominimo to drive European expansion

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Zurich takes a stake in AI-powered insurer Ominimo to drive European expansion

The company launched quietly in Hungary just 12 months ago and has already sold over 300,000 policies, capturing 7% of the car insurance market and turning a profit. Its next moves are bold: Ominimo plans to enter Sweden and the Netherlands soon after Poland, and aims to expand into at least ten countries in the coming years. Under the Zurich partnership, Ominimo will operate as a managing general agent, controlling customer experience and product development, while Zurich provides the insurance backing.

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