Baloise insurtech FRIDAY launches in the French market and prepares to expand further

Media releases

Basel, June 30, 2021. The Insurtech company FRIDAY is launching operations in the French insurance market today with the introduction of a multi-risk home contents insurance product. FRIDAY is thus forging ahead with the creation of a multi-country platform and its pursuit of further growth. It is now being examined whether the insurtech would like to open itself up to further third-party investors as part of a financing round.

FRIDAY, Germany’s leading digital insurer, announced on 9 March 2021 that it plans to expand into a new market following its successful launch in Germany. Today, FRIDAY is making its opening move in France. From now on, prospective customers can go to www.gofriday.fr to take out multi-risk home contents insurance. “The launch of our operations in France is an important milestone on FRIDAY’s journey to becoming Europe’s most popular digital insurer. We now want to scale up the business and make inroads into further European markets,” says Christoph Samwer, CEO of FRIDAY.

In 2019, SevenVentures – the investment arm of German media corporation ProSiebenSat1 Group – joined forces with FRIDAY as a strong partner in Germany. Now, Baloise and FRIDAY are considering the possibility of opening FRIDAY up to other third-party investors. “Strategic partners and financial investors can add value and help us to achieve our ambitious growth targets and the further expansion of our platform to multiple markets,” explains Baloise Group CEO Gert De Winter.

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About Baloise

The focus is firmly on the future at Baloise. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company. Through our smart finance and insurance solutions, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday. Baloise, a European company founded more than 160 years ago, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 8.6 billion in 2023. Baloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.