Generali Ventures
At Generali, we believe in driving innovation, embracing new markets, and enhancing operational efficiency. That is why we have launched Generali Ventures, a strategic innovation initiative in venture capital fund
Generali Ventures is underway: with a dedicated commitment of €250 million, we aim to identify and invest in high-growth opportunities, particularly in the insurtech and fintech sectors.
Our Vision
Generali Ventures is more than just a venture capital initiative: it is a testament to our commitment to innovation and our drive to transform the insurance sector. We are dedicated to staying at the forefront of emerging technologies and providing our customers with the best possible service.
The initiative was designed to address challenges arising from the sector’s rapid evolution, evolving customer needs and significant global trends.
We are doing what we promised the markets on the occasion of the presentation of the "Lifetime Partner 2024" strategic plan, which has three pillars, the third of which is “Lead Innovation”. These are 1.1 billion investments in technology and digitalisation, aimed at evolving our “Lifetime Partner” service model, accelerating innovation by focusing on the potential of data, and achieving operational efficiencies through the adoption of smart automation and artificial intelligence. But we innovate because we know that the industry as a whole is changing, quickly, and constantly presents us with new challenges, such as the aging population or climate or cyber risks, as well as other known challenges that are now returning to the table with greater frequency and intensity.
The objective of Generali Ventures is to identify funds that not only promise substantial financial returns, but also align with and cover the strategic focus areas. These areas include:
- Insurtech
- Fintech
- Proptech
- Mobility
- Cybersecurity
- AI & data analytics
- Health, Wellness & prevention
Generali Ventures is committed to capturing all significant opportunities across the various stages and developments in these sectors. The initiative also enables us to open our borders and form partnerships with external entities e.g., startups and technology players, harnessing open innovation opportunities and enhancing our capacity to foster innovation beyond our internal efforts.
Generali Ventures aims to broaden the Group's perspectives and foster collaboration. By focusing on efficiency and effectiveness throughout the entire value chain, we exemplify our dedication to accelerate innovation. This is primarily achieved through the strategic approach that involves indirect investment in specialized funds, demonstrating our commitment to fostering progressive change.
Investing in the Future
Launched in 2022, after an extensive analysis of over 100 venture capital funds, Generali Ventures has committed investments to five strategic Venture Capital Funds with high growth potential:
- Mundi Ventures, specialized in cutting-edge insurtech technologies;
- Speedinvest, focused on early-stage start-ups, particularly in the pre-seed and seed stages;
- Dawn, specializing in investing in B2B software solutions.
- Headline, specializes in series B and C investments in Saas, FinTech, InsurTech and Consumer & HealthTech;
- StepStone, Fund of Fund that focuses on venture capital in Tech and Healthcare across the US and Europe.
These investments cover a wide range of transformative technologies that are revolutionising the insurance industry, such as Artificial Intelligence, cybersecurity, and healthcare. Investment targets include innovative startups with a geographic focus extending to VC funds in Europe and the United States.
Our strategic plan
Generali Ventures is part of our strategic plan, "Lifetime Partner 24: Driving Growth", which includes €1.1 billion of cumulative investments in the Group's digital and technological transformation.
