Smile partners with Migros Bank

Migros Bank and Smile , the digital insurance arm of Helvetia , announced they are partnering to sell car insurance.

“The partnership between Smile and Migros Bank is a good example of how embedded insurance can help Helvetia to increase its presence wherever insurance needs arise and thus to greatly improve convenience for customers.” – Martin Tschopp, Chief Customer Officer at Helvetia Switzerland.

The partnership will focus on customers with a car loan who are looking for the right insurance coverage in addition to financing for their new vehicle. The insurance can be concluded entirely automatically. Customers who take out car insurance with Smile via the Migros Bank website will benefit from an ‘attractive’ cash-back payment, which will be credited directly to their Smile app.