Generali to put $1.37bn into innovation push

Jun 1, 2015 • Robert Lavine

The insurance company will partner with venture capital firms such as GGV Capital and Ribbit Capital as it looks to invest big in fintech innovation.

Italy-based insurance company Generali plans to invest up to €1.25bn ($1.37bn) in financial technology by the end of 2019 by working with venture capital investors, according to the Financial Times.

Generali intends to partner with VC firms including GGV Capital and fintech-focused Ribbit Capital in order to invest in companies developing technologies including mobile payments technology and big data analysis.

“This is an industry that has been lagging behind every other industry – it has been paralysed,” CEO Marco Greco…

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