Swiss insurance holding company Baloise and UBS, with its mortgage brokerage platforms Atrium and key4, plans to enter into a strategic partnership in order to provide innovative solutions and services to property owners in Switzerland.
The aim of this strategic relationship is to give customers access to complementary services that address property owners’ key needs regarding financing, insurance and maintenance.
The project means further progress for Baloise in the expansion of its service portfolio and partnerships in the Home and Mobility ecosystems under the Simply Safe strategy.
This move combines the two partners’ core competences and services and their respective digital offerings to create a shared customer journey.
The new joint Home & Living ecosystem will be designed to cover customer needs at all stages of the value chain.
It will be based on the established UBS platforms Atrium and key4, Baloise’s Home initiatives, existing and prospective equity investments of both companies and potential further partnerships with third parties.
In addition to the two companies’ existing cooperation on mortgage brokerage for investment properties, Baloise wants to further expand its mortgage offering through this strategic partnership.
Yannick Hasler
Yannick Hasler, Head of Retail Customers and a member of the Executive Committee of Baloise in Switzerland said,
“Baloise has invested heavily in the expansion of its Home ecosystem in recent years. Alliances with, and investments in, innovative Swiss start-ups such as Houzy, Devis, MOVU, Bubble Box and Batmaid have laid the foundations for a network of services that make everyday life easier for our customers. I am delighted about the plans to now form a strong partnership with UBS that will provide the basis for a shared Home & Living ecosystem,”
Sabine Magri
Sabine Magri, COO at UBS Switzerland AG said,
“UBS has laid the foundations for its platform business in Switzerland with Atrium and key4. Ongoing expansion efforts through partnerships with innovative start-ups and brokers are key to the further development of our ecosystem. The planned strategic partnership with Baloise supports this approach; we complement each other very well.”
Featured image credit: UBS image from Unsplash; Head Office of Basler Versicherungen, Basel from baloise.com
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