Old Mutual partners with VC firm Anthemis

Old Mutual Limited has announced that it is expanding its investments in innovation through a new collaboration with venture capital firm Anthemis Group. Anthemis will deploy capital on behalf of Old Mutual through its Anthemis Insurance Venture Growth Fund (AIVGF), focused on series B and C companies in insurtech.

Old Mutual aims to transform its customer experience by sourcing and deploying innovative solutions across its value chain. The collaboration will see Old Mutual act as the exclusive strategic investor for Africa in the AIVGF.

Anthemis and Old Mutual have committed to scout for and/or invest in innovative companies both on the African continent and across the globe that are advancing the digital transformation and disruption of the financial services sector.

Old Mutual CEO, Iain Williamson commented, “While we have a number of investments in innovation, technology and digitalisation, we are excited at the scouting capability Anthemis brings to the group. We are confident that this collaboration will serve to significantly enhance every aspect of our business, from product solutions to technology, customer experience and servicing, so that we truly become our customers’ first choice.”

The Old Mutual and Anthemis partnership is already live, with the teams working to scope relevant opportunities driving significant impact within the insurance industry.

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