January 8, 2018

MetLife pursues insuretech startups

MetLife Inc., the New York insurance giant with Bloomfield operations, says it has launched a pair of programs aimed at identifying, investing in and nurturing insurance-technology (insuretech) startups.

MetLife Digital Ventures and MetLife Digital Accelerator will be led under the umbrella of MetLife's chief digital office, the insurer said Monday.

MetLife Digital Ventures is backed by a $100 million co-investment fund, and will benefit from MetLife's connections to 16 leading venture-capital firms, the insurer said.

"The rise of globalization, changing consumer demographics and an exponential growth in technology are factors impacting all industries," said Marty Lippert, executive vice president and head of MetLife Global Technology & Operations.

Meantime, MetLife Digital Accelerator, in collaboration with TechStars, a Colorado-based global network aimed at helping entrepreneurs succeed, is accepting applications for its first class of insuretech startups who will undergo an intensive 13-week development program at MetLife's Global Technology Campus in Cary, N.C.

Start-ups may apply at Techstars.com/apply.

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