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Allianz Ventures

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In Action Summary

Based in Munich, Allianz Corporate Ventures is the strategic venture arm of Allianz, which supports startups focusing on ideation, growth and success by leveraging the expertise, resources and global footprint of the Allianz Group.

Although based in Munich, Allianz ventures has a mandate to invest worldwide, but with a strong focus on markets in Europe and USA to pioneer the next big thing.

Every multi-national insurer has some form of early stage investment vehicle and Allianz Ventures seeks to create value and generate strategic business opportunities for Allianz by making early, growth stage investments, in startups innovating in the following fields:

  • mobility and connected car
  • connected home
  • InsurTech (enterprise software)
  • wealth management
  • digital health
  • cyber security
  • data intelligence

As an investment arm fully backed by Allianz, Allianz Ventures helps deploy core assets and leverage relationships of the Allianz Group to maximally support the growth of portfolio companies. Key startups where Allianz Ventures has invested in are:

Source:https://www.crunchbase.com/organization/allianz-digital-corporate-ventures#/entity

With innovation pervading the entire value chain, traditional players such as Allianz are embracing smaller, nimbler startups as opposed to withdrawing into their currently dominant positions. It’s important not to view the current movement in the insurance industry as startups v incumbents. Rather, InsurTechs are those that are motivated to embrace a risky path based on innovation, while established insurers play a vital role in supporting InsurTechs that prove their models and/or technology. When seen in isolation, InsurTechs are one of the biggest threats to the incumbents, however, as strategic partners they could prove to be indispensable enablers. Although, InsurTechs have not yet made deep inroads into the sector, corporate venture arms such as Allianz Ventures are racing to spot the winners early, thus giving them an edge as technological shifts such as AI and blockchain begin to grip the industry.

 

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