Swiss insurer Baloise has partnered with TWIICE, which specialises in the development of exoskeletons, to expand its mobility ecosystem.
Under the tie-up, TWIICE will help the insurer to better integrate the mobility requirements of people with musculo-skeletal conditions.
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The exoskeletons developed by the start-up is a kind of external skeleton that allows people with conditions such as spinal cord injuries to stand up, walk and even climb stairs.
According to Baloise, the technology developed by TWIICE aligns with the company’s sustainability strategy.
The company added that it is taking this opportunity to promote a concept that makes the future of mobility more inclusive.
Baloise Mobility unit head Patrick Wirth said: “We are looking forward to our collaboration with TWIICE, which restores mobility to people with musculo-skeletal conditions and thus makes a fundamental difference to their lives.”
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By GlobalDataBaloise supported TWIICE at the ‘cybathlon’ hosted by the Swiss Federal Institute of Technology, as part of its corporate social responsibility activities.
This competition, which is participated by people with musculo-skeletal conditions, is said to host events that involve practical challenges encountered in everyday life.
TWIICE co-founder Tristan Vouga said: “We are delighted about this new partnership with Baloise and look forward to a productive collaboration.”
The start-up is now planning to leverage its technical advances to design products for people whose mobility has been affected on account of old age.
This is expected to help the company to expand its target group and thereby increase the added value it offers to the society.
Last year, Baloise Group agreed to purchase Belgian insurer Fidea from Chinese Anbang Insurance Group in a transaction valued at approximately €480m.
