Aviva plc

01/21/2021 | Press release | Distributed by Public on 01/21/2021 06:28

Aviva makes new investments in innovation

Aviva, the UK's leading insurer, announces today it is expanding its investments in fintech and insurtech through a new collaboration with venture capital firm Anthemis.

Aviva aims to transform its customer experience through innovation. To support this goal Aviva, working with Anthemis, has committed to invest new capital in innovative companies that are advancing the digital transformation of the financial services sector. Anthemis will deploy capital on behalf of Aviva through various funds focused on early and growth stage investments1 in fintech and insurtech.

Ben Luckett, Chief Innovation Officer at Aviva*, comments:

We're always looking for investments that create value for Aviva and our customers.
Ben Luckett, Chief Innovation Officer

'We're always looking for investments that create value for Aviva and our customers. Not just short-term financial gain, but investments that give us access to the latest technologies and the best insight. They help us shape our strategy, how we do business and how we meet our customers' ever-changing needs.

'We are very pleased to strengthen our partnership with Anthemis and extend our access to fintech and insurtech start-ups. Anthemis is an exciting platform which gives us that strategic seat at the table.

'Anthemis has a record of putting diversity and inclusion at the heart of its investment decisions, and we will work closely to ensure that all investment opportunities are evaluated with due regard to diversity and inclusion.'

Anthemis Founder and Chief Executive Officer Amy Nauiokas, said:

'For over 10 years, Anthemis has sought to partner with individuals, companies and institutions that share in our mission to build a more resilient, representative and inclusive financial services ecosystem that functions in the service of our society.

'Our partnership with Aviva will allow us to extend our commitment to reshaping financial services with an increasingly diverse cohort of founders. A more representative financial services ecosystem is not possible without the support of large institutions, and so we are particularly encouraged to work alongside Aviva whose leadership is an embodiment of this.'

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1 Early stage investment (Pre-seed - Series A): Early stage businesses generally have a tested prototype or service model and have developed a business plan. The company may be generating early stage revenue but might not be profitable yet. Growth Stage Investment (Series B - beyond): Growth stage businesses have solid traction and existing customers, generating recurring revenues and experiencing solid growth.

*Ben Luckett has been appointed Chief Innovation Officer on 20 January 2021. For the past few years, Ben and his team have made great progress with Aviva Ventures, making strategic investments in early-stage businesses that have the potential to transform the insurance industry. Ben will now build on this to drive Aviva's innovation agenda forward, developing customer-centric propositions.

About Anthemis:

Anthemis cultivates change in financial services by investing in, growing and sustaining businesses committed to improving the world. We are founded on three guiding principles - authentic collaboration, virtuous cycle outcomes, and diversity and inclusivity - and our deep understanding of markets and models, passion for emerging technology and values inspire everything we do. By creating fertile ground for a diverse group of startups, investors, entrepreneurs, institutions, academics and visionaries to converge, we believe we can solve the financial services world's most pressing challenges faster, better and for the benefit of all.

Enquiries

Media:

Sarah Swailes
+44 (0)7800 694 859

Marion Fischer
+44 (0)7800 693 219

Analysts:

Jakub Rosochowski
+44 (0)7385 382 206