COBALT advised Zurich Insurance Group on acquiring AlphaChat

COBALT advised Zurich Insurance Group on acquiring Estonia-based start-up AlphaChat.

Zurich is a leading multi-line insurer, providing a wide range of property and casualty, and life insurance products, and services in more than 215 countries. AlphaChat is an Estonian start-up, one of the most advanced start-ups in conversational AI, who has built a messaging automation product capable of understanding natural language, authenticating users, providing personalized responses, and executing transactions, making communication with customers seamless.

The acquisition of AlphaChat will considerably strengthen Zurich´s conversational Al capabilities and help the Group create a consistent and efficient approach to developing Intelligent Virtual Assistants across businesses.

Our work comprised advising the client as a local adviser throughout the transaction.

COBALT´s team was led by Partner Peeter Kutman and Senior Associate Heleri Tammiste, and included Partners Karina Paatsi and Egon Talur, Senior Associate Tõnu Kolts, Associates Johanna-Britt Haabu and Kristiina Kraav, Assistant Lawyers Liis Leedo and Markus Laja.

Find out more HERE.