Chedid Capital Announces Partnership with the Innovation Platform Plug and Play
The partnership with Plug and Play Insurtech aims to find new business opportunities for Chedid Capital in the EMEA regions.
MUNICH, GERMANY, November 3, 2022 - As part of its ongoing innovation activities, Chedid Capital announces its partnership with Plug and Play - the world’s leading innovation platform headquartered in Silicon Valley. Plug and Play will offer personalized services, through innovative initiatives and projects within the startup world, to take Chedid Capital’s innovation strategy to new heights. The partnership focuses on the Insurtech program of Plug and Play to accelerate the digital and technological development of Chedid Capital across all business activities.
Plug and Play and Chedid Capital will work closely together to create synergies with a wide network of global technological companies, promoting the digitalization of processes and further embracing an innovation culture within Chedid Capital. With Chedid Capital joining the Plug and Play network, startups gain to benefit from the partnership, allowing them to grow and develop alongside a partner such as Chedid Capital, a leading investment group and financial service provider in Europe, Middle East, Africa and South Asia.
The collaboration aims at expanding the innovation efforts within the Insurtech space and identifying the key role innovation plays in the growth and development of this industry.
Imad Jabbour, Chief Technology Officer of Chedid Capital said: “We are thrilled to be joining forces with Plug and Play. This partnership is a natural extension of Chedid Capital’s innovative culture and mindset, and a perfect complement to our growing Insurtech agenda. Through its global exposure to cutting-edge companies and technologies, Plug and Play will enable Chedid Capital to accelerate its innovation roadmap through collaboration with standout Insurtech partners. We believe this relationship will cement our positioning as a go-to partner for other insurance players—corporations and startups alike—in the regions where we have strong presence.”
“We are excited to welcome Chedid Capital as a partner on Plug and Play’s innovation platform. All of our new partners demonstrate the power of our ecosystem as we strive to make innovation open for everyone, everywhere. We are establishing this ecosystem of change makers, and we are proud to have Chedid Capital as a partner in this,” Saeed Amidi, Founder & CEO Plug and Play.
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About Chedid Capital
A financial holding company, Chedid Capital is a leading investment group in the insurance and reinsurance fields. The Group operates across Europe, Middle East, Africa and South Asia. Its subsidiary, Chedid Re, an official Lloyd’s broker, is among the 20 largest reinsurance brokers in the world.
Through the Chedid Foundation, the Group is also heavily involved and invested in communal and social development, in particular youth development and education in the insurance and reinsurance fields through the Chedid Academy. Under its partnership with higher education councils and stakeholders, the Group founded the Corporate Risk Management Institute in 2019.
About Plug and Play
Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we're present in 50+ locations across 5 continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we've invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com/
About Plug and Play Insurtech
Established in 2016, Plug and Play Insurtech is one of Plug and Play's largest industry-specific programs. Alongside its headquarters in Silicon Valley, this platform runs programs in five global locations including Beijing, Munich, New York, Singapore, and Tokyo. The program currently has over 90 corporate participants including Generali, Travelers, Swiss Re, and has worked with hundreds of international Insurtech startups to date.
For more information, visit http://plugandplaytechcenter.com/insurance/
Plug and Play Insurtech Contact: insurtech-munich@pnptc.com
For media enquiries, please contact:
Mrs. Myriam Khajikian
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Email: mkhajikian@chedid-capital.com