Generali Ventures is seeking new opportunities
Italian insurer Generali has unveiled new plans for its venture capital initiative which it said will help it accelerate innovation, enter new markets and generate additional operating efficiencies.
Generali Ventures has a dedicated commitment of €250 million and has initially focused on the insurtech and fintech sectors.
Conceived in 2022, after an in-depth analysis of over 100 venture capital funds, Generali Ventures has invested in three strategic initiatives: Mundi Ventures, specialized in insurtech technologies; Speedinvest, focused on start-ups in the early pre-seed and seed stages; and Dawn, focused on investing in B2B software solutions.
It is now seeking investments in new technologies that are revolutionising the insurance industry, including areas such as mobility, artificial intelligence, cyber security and healthcare.
Bruno Scaroni, group chief transformation officer of Generali, said: “As set out in our 'Lifetime Partner 24: Driving Growth' strategic plan, Generali is an innovative customer-oriented Group, focused on the best possible use of data and emerging technology. Thanks to this new venture capital initiative, we will make long term investments in the global innovation ecosystem. Generali Ventures will also have a positive impact on the insurance sector, boosting the development of innovative projects, opening up new opportunities for collaboration and integrating initiatives that contribute to the overall transformation of the Group."
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