Modern Investor - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Helvetia launches venture fund for 'insurtech' start-ups

Helvetia launches venture fund for 'insurtech' start-ups

One of Switzerland’s largest insurers, Helvetia Insurance, is launching its own venture fund for investments in start-ups companies.

The newly-established Digital Ventures department, which is part of Helvetia’s Corporate Development, will be responsible for the fund.

The goal of the fund is to help drive 'forward digitisation' through investing systematically in start-ups which are contributing to the digital transformation of Helvetia’s existing core business, thus facilitating targeted business model innovations.

Around CHF 55 million (€51 million) will be invested in approximately 25 young companies over the next few years. Helvetia will set up a fund management company in Luxembourg for this purpose.

Focus on insurtech

The fund will pursue Helvetia’s strategic and financial goals, while also focusing on insurtech start-ups, which are young companies active in the traditional value chain of an insurer.

It will also invest in start-ups with business models linked to Helvetia’s business, as it aims for operational cooperation with all start-ups.

The investments are therefore to be made primarily in countries in which Helvetia operates, namely Switzerland, Germany, France, Italy, Austria and Spain.

Commenting on the launch of the fund, Group CEO of Helvetia, Philipp Gmür, who assumed the position on 1 September 2016, said: ‘The Helvetia Venture Fund will make a substantial contribution to the successful implementation of the helvetia 20.20 strategy. In order to make use of business model innovations, we want to invest in the appropriate start-ups and work together with them.’

The insurer will partner with Swiss venture capital firm b-to-v Partners AG to give its new fund access to sufficient start-up deal flow and build on b-to-v’s experience on the market.

In May 2015, Helvetia's CIO Ralph Honegger was featured as Modern Investor's cover star.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016