At the race start Generali Ventures,venture capital initiative of Generali with a budget of 250 million of euros, aimed at promote innovation, explore new markets and improve the Group's operational efficiency.
Its main objective is to identify promising investment opportunities, with a particular focus on the insurtech and fintech sectors.
Invested in three venture capital funds
Generali Ventures is was launched in 2022 and invested in three strategic initiatives after an analysis of over 100 venture capital funds: Mundi Ventures, specialized in insurtech technologies, speedinvest, focused on start-ups in the early pre-seed and seed stages, and Dawn, which focuses on investing in B2B software solutions.
Investments in innovative technologies
Generali's search for external innovation encompasses one wide range of technologies that are transforming the insurance industry, such as mobility, artificial intelligence, cyber security and healthcare. Investment targets include innovative start-ups in different stages of development, with a geographic focus spanning both Europe and the United States.
Strategic plan “Lifetime Partner 24: Driving Growth”
Generali Ventures is part of the strategic plan “Lifetime Partner 24: Driving Growth” which provides investments of 1,1 billion of euros for the digital transformation of the group.
The goal is to promote innovation and digital transformation as part of a strategy based on three pillars: Develop sustainable business models for the future, improve customer relationships through the “Lifetime Partner” approach, accelerate innovation through a data-driven business structure and improve operational efficiency through automation and advanced technology .
“As part of our strategic plan 'Lifetime Partner 24: Driving Growth' we confirm ourselves as a innovative customer-oriented group, with a focus on the optimal use of data and emerging technologies. With this new venture capital initiative, we intend to make long-term investments in the global innovation ecosystem. Generali Ventures It also aims to have a positive impact on the insurance sector by facilitating the sdevelopment of innovative projects, seizing new possibilities for collaboration and integrating initiatives that contribute to the overall transformation of the Group” he said Bruno Scaroni, Group Chief Transformation Officer of Generali.
