Baloise Group

Baloise (founded 1863) operates as a regional insurer focused on Switzerland, Germany, Belgium, and Luxembourg - deliberately avoiding global expansion that destroyed AIG and other insurers during the 2008 crisis. This geographic restraint allows deep local market knowledge and regulatory expertise that global players lack. The company's digital transformation strategy targets a niche competitors neglect: small businesses needing simplified insurance products without complex underwriting. Baloise's $9B+ annual revenue proves that in insurance, being the dominant regional player with superior customer experience beats pursuing global scale that introduces uncorrelated risks you don't understand.