UBS and Zurich Strengthen Partnership

UBS and Zurich Insurance are building on their collaboration with a new product aimed at small to mid-sized companies.

Zurich is offering UBS clients insurance solutions via the bank’s e-banking, addressing the needs of small to mid-sized companies as these mature, the partners said in a statement Monday.

Some companies will go from having a capital deposits account with mandatory accident insurance and occupational benefits insurance to requiring insurance for leased equipment, for example.

In the case that they expand abroad, these companies will go on open a foreign currency account and might need to add international insurance coverage, the statement said.

The cooperation guarantees full data protection, with neither of the entities passing bank-specific data or insurance-specific information to each other.