Ominimo, a Polish insurtech startup, has received its first external investment from Zurich Insurance Group, valuing the company at $220 million.
This investment marks a significant milestone for the company, which has been self-funded for a year. It highlights the company’s innovative risk assessment approach and growth potential in the European insurance market.
Ominimo’s success is due to its unique risk assessment approach that utilizes AI and big-data analytics. Unlike traditional insurers that use a limited range of parameters, it analyzes over 100 variables for vehicle insurance, including dimensions and weight, enabling more accurate pricing and risk evaluation, which distinguishes it from competitors.
It has achieved profitability in Hungary with 300,000 policies and a 7% market share, maintaining a below-average loss ratio. Also, it plans to expand into over 10 new markets, beginning with Poland, Sweden, and the Netherlands, supported by a partnership with Zurich, which will serve as the risk carrier. Ominimo will function as a managing general agent.
The company has successfully attracted skilled engineers and data scientists by providing them with opportunities for meaningful innovation, supported by a team that includes award-winning mathematicians and physicists. The recent investment from Zurich Insurance Group aligns with Zurich’s goal to profitably expand its European retail business through innovative motor insurance solutions. This partnership allows both companies to capitalize on each other’s strengths, combining Ominimo’s AI-driven strategies with Zurich’s expansive market presence.
Meanwhile, WeBank Tech has introduced a new blockchain infrastructure called POTOS at the Hong Kong Web3 Festival 2025. Designed to help Hong Kong become a global Web3 hub, POTOS aims to enable secure and compliant value exchange for institutions. It addresses limitations in current blockchain trading frameworks with features such as unified asset support and secure transaction protocols, aligning with Hong Kong’s goals in tokenization and stablecoins.
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