
Ominimo Secures First Investment at $220M Valuation
Ominimo, a Polish AI insurtech startup, has secured its first external investment from Zurich Insurance Group, valuing the company at $220 million. The investment, amounting to approximately $11 million for a 5% stake, was confirmed by both companies, although the exact amount was not disclosed.
Launched just a year ago, Ominimo has already achieved profitability and signed up 300,000 policies in Hungary, its initial market. The company plans to expand into more than ten new markets, including Poland, Sweden, and the Netherlands, with Zurich Insurance serving as its risk carrier. Initially focusing on automotive insurance, Ominimo intends to broaden its offerings to include property insurance over time.
Ominimo's approach leverages AI and big-data analytics to enhance risk assessment and pricing strategies, setting it apart from traditional insurance models. The startup's CEO, Dusan Komar, emphasizes the importance of performance in the market, noting Ominimo's significant market share in Hungary and its below-average loss ratio.
The partnership with Zurich Insurance Group is seen as a strategic move to diversify Zurich's customer base and expand its retail business in Europe. Alison Martin, CEO of Europe, Middle East, and Africa at Zurich Insurance Group, expressed enthusiasm for the collaboration, highlighting the potential for innovative motor insurance solutions.
We hope you enjoyed this article.
Consider subscribing to one of several newsletters we publish like AI Funding Brief.
Also, consider following us on social media:
More from: Funding
More from: Finance
SAP Fioneer Introduces AI Agent for Financial Services
Algebrik AI and SentiLink Enhance Fraud Detection in Loan Origination
GreetEat Acquires WallStreetStats.io to Boost AI Capabilities
Alltius Launches Voice AI Agents for Financial Services
Niural Secures $31M to Enhance AI-Driven PEO Platform
Subscribe to Finance AI Weekly
Weekly newsletter about AI in finance. Covers AI-driven trading, fintech innovations, and data analytics transforming markets
Market report
AI’s Time-to-Market Quagmire: Why Enterprises Struggle to Scale AI Innovation
The 2025 AI Governance Benchmark Report by ModelOp provides insights from 100 senior AI and data leaders across various industries, highlighting the challenges enterprises face in scaling AI initiatives. The report emphasizes the importance of AI governance and automation in overcoming fragmented systems and inconsistent practices, showcasing how early adoption correlates with faster deployment and stronger ROI.
Read more