Ominimo, a fast-growing insurtech startup applying AI to reinvent risk assessment, has secured a €10 million equity investment from Zurich Insurance Group to fuel European expansion. The investment values the one-year-old company at €200 million and marks Zurich’s first formal stake in the business, as part of a broader distribution partnership through its subsidiary, DA Direkt.
Founded by Dusan Komar, Dennis Weinbender, and Laslo Horvath, Ominimo launched in Hungary with a single focus: bringing a radically different, data-rich approach to car insurance. In just 12 months, the startup has reached profitability and signed up over 300,000 policies, capturing 7% of Hungary’s market.
CEO Komar said the company’s strength lies in its deep AI-driven analytics, which draw on hundreds of vehicle and contextual variables — far beyond the conventional parameters used by legacy insurers. “When you empower engineers and scientists to rethink how risk is priced from first principles, you don’t just improve UX — you outperform on the fundamentals,” he explained.
Zurich’s backing will allow Ominimo to enter over 10 new markets, including Poland, Sweden, and the Netherlands, where it will operate as a managing general agent with Zurich as its risk carrier. The company also plans to expand into property insurance and grow its engineering and data science teams.
Alison Martin, CEO of EMEA at Zurich Insurance Group, said the partnership will help Zurich grow its retail presence across Europe with a modern, tech-forward model. “We’re excited to support Ominimo’s vision and scale innovative motor insurance solutions beyond our existing markets,” she said.
