Insurtech is one of the many categories of fintech that we cover at FintekNews, and in the insurance sector, you don’t get much larger than Metlife. Turns out the insurance behemoth has set up Singapore-based innovation lab, LumenLife. The lab has set up an offshoot called Collab that offers a 3 month program to product-ready insurtechs. London-based insurtech Digital Fineprint has been selected as one of eight companies to help roll out insurtech to the Asian markets via Collab. In addition, they are also part of Accenture’s Innovation Lab in London. This is one to watch. The world is getting smaller, isn’t it?
“Digital Fineprint, a London-based InsurTech startup, has been selected as one of the eight InsurTech companies in the world to take part in MetLife’s collab Partnership.
The announcement comes on the heels of the company’s selection into Accenture’s Fintech Innovation Lab in London in January 2017.
“The Asian market is a crucial component in our strategy”, asserts Erik Abrahamsson, CEO and founder of Digital Fineprint. “High levels of digital, social penetration and mobile usage represent a truly fertile ground for a firm like ours. A combination of a thriving insurance market, a youthful demographic and a highly dynamic business environment makes Asia a great fit for our services.”
LumenLab, MetLife’s Singapore-based innovation centre, last November announced the launch of Collab – a three-month program that supports “product ready” start-ups as they tackle the business needs of tomorrow.
MetLife’s collab partnership is a new way of accessing international technology, leveraging solutions from the most successful tech companies and helping bring scale to proven products. As MetLife positions itself as an innovation leader in insurance, this latest partnership model signals a new form of engagement with the most promising InsurTech firms across the globe.”
Read Full Article at Econotimes