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University of St.Gallen and Helvetia Insurance establish joint Innovation Lab

15.05.2017 - The University of St.Gallen and Helvetia Insurance are committed to the research of new business models and eco systems in the insurance sector. To support their activities in this area, they are setting up the Helvetia Innovation Lab. The Lab will be part of the Institute of Technology Management and will comprise one post-doctoral position and three positions for doctoral students.

The University of St.Gallen (HSG) and Helvetia Insurance are working together to develop the Helvetia Innovation Lab in order to research new business models and eco systems in the insurance sector. The Lab will be part of the Institute of Technology Management and will be headed up by Oliver Gassmann, Professor for Technology Management with a special focus on innovation management at the HSG. One post-doctoral student and three doctoral students will conduct research at the Lab. On the part of Helvetia Insurance, the Lab will be supported by the Digital Ventures department of the Corporate Development support function, thus ensuring the transfer of the research findings into practice.

 

The Helvetia Innovation Lab will focus in particular on the environment for business model innovations. In today's networked world, such innovations can no longer be viewed in isolation. For example, customers increasingly require comprehensive solutions that are tailored to their needs. In most cases, it is not possible for an individual company to cover these customer needs. Instead, companies are reliant on partners in order to cater to all requirements within complex and multi-faceted customer journeys.

 

Part of the helvetia 20.20 strategy

"The development of new business models and eco systems is part of our helvetia 20.20 strategy. This cooperation with the University of St.Gallen will contribute additional input and knowledge for our work", said a delighted Philipp Gmür, CEO of the Helvetia Group. Thomas Bieger, President of the University of St.Gallen, added: "We are very close to Helvetia, and not only in terms of geography. With the Innovation Lab, we want to take advantage of these close ties and apply a more scientific approach to the exploration of practical issues."

 

 

[Caption]

Partners at the Helvetia Innovation Lab of the University of St.Gallen: Thomas Bieger, President of the University of St.Gallen, and Philipp Gmür, CEO of the Helvetia Group.

 

 

For further information please contact:

 

Analysts

 

Helvetia Group

Susanne Tengler

Head of Investor Relations

Dufourstrasse 40

CH-9001 St.Gallen

 

Phone: +41 58 280 57 79

investor.relations@helvetia.ch

www.helvetia.com

 

Media

 

Helvetia Group

Jonas Grossniklaus

Media Relations Manager

St. Alban-Anlage 26

CH-4002 Basel

 

Phone: +41 58 280 50 33

media.relations@helvetia.ch 

www.helvetia.com

 

 

About the Helvetia Group

In over 150 years, the Helvetia Group has grown from a number of Swiss and foreign insurance companies into a successful international insurance group. Today, Helvetia has subsidiaries in its home market Switzerland as well as in the countries that make up the Europe market area: Germany, Italy, Austria and Spain. With its Specialty Markets market area, Helvetia is also present in France and in selected regions worldwide. Some of its investment and financing activities are managed through subsidiaries and fund companies in Luxembourg and Jersey. The Group is headquartered in St.Gallen, Switzerland.

Helvetia is active in the life and non-life business, and also offers customised specialty lines and reinsurance cover. Its business activities focus on retail customers as well as small and medium-sized companies and larger corporates. With some 6,500 employees, the company provides services to more than 5 million customers. With a business volume of CHF 8.51 billion, Helvetia generated underlying earnings of CHF 491.8 million in the 2016 financial year. The registered shares of Helvetia Holding are traded on the SIX Swiss Exchange under the symbol HELN.

 

Cautionary note

This document was prepared by Helvetia Group and may not be copied, altered, offered, sold or otherwise distributed to any other person by any recipient without the consent of Helvetia Group. The German version of this document is decisive and binding. Versions of the document in other languages are made available purely for information purposes. Although all reasonable effort has been made to ensure that the facts stated herein are correct and the opinions contained herein are fair and reasonable, where any information and statistics are quoted from any external source such information or statistics should not be interpreted as having been adopted or endorsed as accurate by Helvetia Group. Neither Helvetia Group nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this information. The facts and information contained in this document are as up to date as is reasonably possible but may be subject to revision in the future. Neither Helvetia Group nor any of its directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document.

This document may contain projections or other forward-looking statements related to Helvetia Group which by their very nature involve inherent risks and uncertainties, both general and specific, and there is a risk that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include: (1) changes in general economic conditions, in particular in the markets in which we operate; (2) the performance of financial markets; (3) changes in interest rates; (4) changes in currency exchange rates; (5) changes in laws and regulations, including accounting policies or practices; (6) risks associated with implementing our business strategies; (7) the frequency, magnitude and general development of insured events; (8) mortality and morbidity rates; (9) policy renewal and lapse rates as well as (10), the realisation of economies of scale as well as synergies. We caution you that the foregoing list of important factors is not exhaustive; when evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties. All forward-looking statements are based on information available to Helvetia Group on the date of its publication and Helvetia Group assumes no obligation to update such statements unless otherwise required by applicable law.

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