MetLife Singapore reveals finalists of insurtech matchmaking competition

Eight finalist start-up firms have been selected from more than 135 entries from 34 countries all over the world

MetLife Singapore reveals finalists of insurtech matchmaking competition

Insurance News

By Gabriel Olano

LumenLab, the Singapore-based innovation centre run by MetLife, has announced the eight finalists for collab, its inaugural tech matchmaking program.
Collab was launched in November 2016 as a platform to match start-ups with relevant opportunities within MetLife. It aims to help innovators to tackle the business needs of tomorrow and develop solutions for customer engagement, sales process, operations, and new business models in the insurance industry.
The program received over 135 entries from 34 countries across the globe. After a rigorous screening process, eight finalists have been selected to present their ideas to senior MetLife executives on May 19, 2017.

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The eight finalist startups are (in alphabetical order): Capabiliti, Democrance, Digital Fineprint, Flamingo, Good Parents, Shift Technology, Sureify, and Uniphore. The line-up involves a wide range of fields, from artificial intelligence, to predictive analytics, to wearable technology for children.
All the finalists will receive mentorship from industry experts, such as Oliver Wyman, PwC’s venture hub in Singapore and Velocity (ACP Venture Capital’s accelerator arm) on various aspects of business and technology. MetLife has also assigned more than 35 “staff champions” to assist the finalists.
Chris Townsend, president of MetLife Asia commented: “The sheer number of applications for collab highlights the pace of innovation and broad spectrum of digital technology options that are now available. We recognize the importance of innovation and collaboration, and we believe working with start-ups can help drive greater value for our business and deliver a differentiated experience for our customers.”

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MetLife debuts insurtech accelerator

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