Cigna allocated $250 million to the initiative, called Cigna Ventures. The health insurer said it created the fund to identify and help develop early-stage ideas requiring pilots and tests.
Tom Richards, senior vice president and global lead of strategy and business development at Cigna, said, “The venture fund will enable us to drive innovation beyond our existing core business operations, and incubate new ideas, opportunities and relationships that have the potential for long-term business growth and to help our customers.”
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