Innovation
The world is continually changing. In order to stay relevant for our customers, we must continue to adapt and innovate our business. NN Group’s corporate venture builder, NN Ventures, explores and develops new business models to complement our existing portfolio across Life & Pensions, Bank, Non-Life and potentially beyond.
How does it work?
We are bringing new businesses (ventures) to life that can operate independently, but are designed to complement existing NN products. We invest our innovation resources in a small number of new ventures per year, up to the Seed stage. When the ventures are incorporated as a standalone company, they can be offered to NN customers as well as for external investment.
By leveraging assets like our customer base, distribution and underwriting capabilities, we aim to combine the power of an established incumbent like NN with the entrepreneurial skills of a startup.
Investment focus
In 2023, NN Ventures is focusing on developing products for the pension market (under the theme Care-free retirement) and in embedded insurance, which enables customers to purchase insurance products via a third-party platform.
Care-free retirement
The global challenge of an aging population approaching retirement underscores the need for relevant solutions to empower individuals with guidance and support. The Care-free retirement theme is designed to provide complementary services for customers in the Netherlands. We are developing innovative solutions that deal with financial, health or ability challenges that arise around retirement age.
Embedded insurance
As the global embedded insurance market continues to expand, we seek to capitalise on this growth by leveraging NN's core assets and actively engaging in the platform economy. Our investment focus centers on innovative solutions that empower customers to protect what matters most to them, at a convenient moment in their journey.
Current ventures
Vi is a platform designed for women approaching, during and after menopause, to provide them with trustworthy (medically approved) resources in a bite-sized learning format. Vi will be launching in 2023.
Zorggenoot is a service designed to help customers find, organise and finance care their loved ones. There are an estimated five million involuntary caregivers in the Netherlands, which can lead to burnout symptoms and absenteeism.
Find out more
Want to know more about NN Ventures or explore investment opportunities? Please contact Willem Schüngel (willem.schungel@nn-group.com).