Switzerland based mostly F10 Fintech Incubator and Accelerator Provides Insurance coverage APIs from Baloise

Switzerland-headquartered F10 Fintech Incubator and Accelerator has reportedly added a number of completely different insurance coverage APIs from Baloise, a Swiss insurance coverage holding agency. The APIs at the moment are part of the F10 Fintech Sandbox. This growth goals to assist Open Insurance coverage providers within the European nation.

Final yr, the F10 accelerator had launched its sandbox program with a view to present Fintech companies handy entry to varied banking and insurance coverage APIs.

The F10 Fintech Sandbox has been constructed and hosted by ndgit, a Munich-headquartered agency and F10 alumni. The initiative was launched with a PSD2 API and was additionally enhanced or up to date by a number of different tasks (for instance, b.Hyperlink by SIX Group which hyperlinks third-parties to main Swiss banks).

The primary thought or idea behind the F10 Fintech Sandbox is to permit Fintechs to check out their options and evaluate them to extra conventional providers. The testing could also be carried out in an easy-to-use setup, which goals to assist collaborative tasks between Fintech startups and monetary establishments.

This newest addition to the sandbox is the API provided by Baloise Group which is F10’s company companion. Baloise works cooperatively with London-headquartered Insurtech agency KASKO to digitize varied insurance coverage merchandise.

A number of Baloise merchandise, together with multi-item insurance coverage, vacation insurance coverage or cyber insurance coverage packages could also be accessed by way of the sandbox. Product integration could also be examined with an API key provided by F10.

Philipp Marty, Head of New Enterprise and Partnerships at Baloise, remarked:

“For Baloise Insurance coverage, APIs are one of many key success elements to have the ability to function efficiently in partnerships and ecosystems. We need to be a pioneer within the insurance coverage trade and are proud to be the primary Swiss insurance coverage firm to attain this milestone, along with our long-standing accelerator companion F10. Thus, the related startups and different curious firms can take a look at their use instances.”

The sandbox is at present open for all initiatives which can be a part of the F10 ecosystems in Switzerland, Singapore, and Spain. F10 company companions and varied different corporates can supply their APIs to many alternative high-potential startups.