Westfield established 1848 Ventures to expand the business by developing new products and business models beyond conventional property and casualty insurance by understanding and addressing the broader risks business owners face.
1848 Ventures uses human-centered design to turn customer observations into insights and new ventures. The team's work is not limited to insurance products, and builds on Westfield's core assets including data, expertise, relationships and capital.
We are currently focused on understanding business owners and how they manage risk in the following industries:
We are also exploring targeted risks that impact a wide range of industries such as reputation, weather, cyber and fleet management.