Softbank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive said earlier this month.
Softbank is the world’s biggest private technology investor, backing companies like China’s largest online insurer ZhongAn, India’s biggest online distributor, PolicyBazaar, and the app-based U.S. home insurer Lemonade:
“Softbank believes a new breed of “insurtech” companies can work with other firms within its portfolio such as local transport juggernaut Uber and office sharing firm WeWork to roll out new products and services to their massive base of clients.”
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16 Oct 2018