8 Insurers Making Big Investments in New Tech
June 8, 2015 8:00 AM
Here are some leading insurers that are making big investments in supporting emerging technology companies.
USAA
USAA Corporate Development has identified and closed more than 15 venture investments, the company says, including TrueCar, Snapsheet, and Saffron.
American Family Insurance
American Family Ventures has made investments in 15 companies, including CoverHound and Networked Insights.
Hartford Steam Boiler
The Munich Re division made its first investment with its new venture capital arm earlier this year: Waygum, an Internet of Things company.
Generali
The Italian insurer, Europe's third-largest, is planning investments in six technology companies, according to the Financial Times.
Transamerica
Transamerica Ventures is "investing in enterprise-focused companies to help lead the digital transformation of Aegon and Transamerica," the company says. It has invested in seven companies including OxData, CipherCloud, and PolicyGenius
MassMutual
MassMutual Ventures' "key areas of investment focus include FinTech, data analytics, cybersecurity, digital health, and enterprise software," according to the company.
AXA
AXA Strategic Ventures has set aside 200 million to support startups, making initial investments in five European companies.
XL Group
XL Innovate was launched earlier this year to "create partnerships outside of the traditional underwriting space to find ways to underwrite currently uninsured risks."