UBS and Zurich Strengthen Partnership
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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.
Questions & Answers
Q.What is the new product offered through this collaboration?
What is the new product offered through this collaboration?
Zurich Insurance is offering its insurance solutions to UBS clients through the bank's e-banking platform. This product is designed specifically to meet the needs of small to mid-sized companies as they grow and mature.
Q.What types of insurance needs will this new product address for businesses?
What types of insurance needs will this new product address for businesses?
Initially, it addresses needs like mandatory accident and occupational benefits insurance. As companies expand, it can cover requirements such as insurance for leased equipment or international insurance coverage if they venture abroad.
Q.How will data privacy be handled between UBS and Zurich Insurance?
How will data privacy be handled between UBS and Zurich Insurance?
The cooperation guarantees full data protection for clients. Neither UBS nor Zurich Insurance will share bank-specific data or insurance-specific information with the other entity.
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