MetLife insurtech competition eyes claims, engagement and models 
MetLife's Singapore-based innovation centre has opened global registration for its Collab initiative, a three-month support programme aimed at product-ready insurtech start-ups. Looking for innovative solutions in claims and sales processes, engagement and insurance business modelling, eight projects will be selected to undergo the selection process, with a demo day scheduled for 19 May 2017, with the successful start-up winning a $100,000 contract to build a pilot for MetLife.





Through this unique forum, insurance technology relevant start-ups can share their solution and win an opportunity to bring it alive at MetLife.

Collab is first-and-foremost a market place for start-ups to meet, share ideas and build solutions. Its goal is to tackle the real problems facing customers and leverage technology to drive business efficiency, according to a press release.

Collab will select eight start-ups from the global open application process, which will be evaluated through a rigorous multi-phase selection process in preparation for a demo day on May 19th, 2017. The successful finalist will receive a $100,000 contract to implement a pilot within MetLife.Anyone clicking on http://www.lumenlab.sg/ may learn more about "Collab".

The programme is now open for applications and is calling for innovative solutions in customer engagement, claims process, insurance business model and the sales process.

Those interested can learn more and apply at collab.lumenlab.sg.Applications deadline is January 29, 2017.

"As the speed of innovation increases and disruptions become the norm, we are excited to tackle these challenges together with the help of the start-up community," the press release quoted Zia Zaman, LumenLab CEO and Chief Innovation Officer of MetLife Asia as saying on the occasion.

In addition to MetLife, expert providers and co-sponsors including amazon web services, Microsoft BizSpark, Wavemaker Partners and OliverWyman will work together to create a comprehensive support structure for the start-ups.

"This is a great opportunity for dynamic start-upsto bring to scale original and ground-breaking ideas that challenge the old style insurance business ways and play a part in moving the industry into the new digital era," Chris Townsend, President of MetLife Asia was also quoted as saying.





















LumenLab, MetLife's Singapore-based innovation center, has announced the launch of Collab, a three-month programme that supports "product ready" start-ups as they tackle the business needs of tomorrow.Through this unique forum, insurance technology relevant start-ups can share their solution and win an opportunity to bring it alive at MetLife.Collab is first-and-foremost a market place for start-ups to meet, share ideas and build solutions. Its goal is to tackle the real problems facing customers and leverage technology to drive business efficiency, according to a press release.Collab will select eight start-ups from the global open application process, which will be evaluated through a rigorous multi-phase selection process in preparation for a demo day on May 19th, 2017. The successful finalist will receive a $100,000 contract to implement a pilot within MetLife.Anyone clicking on http://www.lumenlab.sg/ may learn more about "Collab".The programme is now open for applications and is calling for innovative solutions in customer engagement, claims process, insurance business model and the sales process.Those interested can learn more and apply at collab.lumenlab.sg.Applications deadline is January 29, 2017."As the speed of innovation increases and disruptions become the norm, we are excited to tackle these challenges together with the help of the start-up community," the press release quoted Zia Zaman, LumenLab CEO and Chief Innovation Officer of MetLife Asia as saying on the occasion.In addition to MetLife, expert providers and co-sponsors including amazon web services, Microsoft BizSpark, Wavemaker Partners and OliverWyman will work together to create a comprehensive support structure for the start-ups."This is a great opportunity for dynamic start-upsto bring to scale original and ground-breaking ideas that challenge the old style insurance business ways and play a part in moving the industry into the new digital era," Chris Townsend, President of MetLife Asia was also quoted as saying.