InsurTech Futures: Aviva takes majority stake in Neos
Deal follows on from the insurer's previous strategic investment in the start-up MGA.
Aviva has taken a majority stake in connected home provider Neos and is expected to close the deal in the first quarter of 2019.
According to the insurer the transaction is part of its strategy to build closer relationships with customers through digital technology.
It follows on from Aviva’s strategic investment in Neos in May 2017 through its corporate capital venture fund, Aviva Ventures.
At the time, the InsurTech start-up managing general agent secured a £5m series A investment led by
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