Collab Winners Are ‘Building a Long-Term Relationship’ with MetLife
April 16 2018 - 10:59PM
Business Wire
Insurtech start-ups competing to win a US$100,000 contract to
develop and pilot solutions with MetLife EMEA can look forward to
“building a long-term relationship” focused on helping innovation
to succeed, previous winners of the insurance giant’s collab
programmes say.
A large number of insurtechs and entrepreneurs have already
applied for “collab 3.0 EMEA”, a global open innovation platform
inviting participants to scale their business with MetLife while
solving some of the insurer’s biggest challenges across its
business in Europe, the Middle East and Africa.
Startups can still apply up until close on 20 April, 2018 at the
collab website for the opportunity to develop solutions in areas
such as customer engagement, sales, and operations, and to pilot
these solutions with MetLife EMEA.
Created by LumenLab, MetLife Asia’s innovation center, collab
3.0 EMEA builds on the success of two previous collab programmes
for MetLife Asia (collab 1.0) and MetLife Japan (collab 2.0), which
have awarded US$600,000 in equity-free contracts to startup
finalists.
Previous collab winners have focused on areas including
operations optimisation, product pricing, customer engagement,
digital distribution, and claims analysis.
Klaas Stijnen, CEO of Montoux, one of the collab 2.0’s winners,
which has already started to pilot its solutions in product pricing
optimisation with MetLife Japan, advises entrants to be transparent
about the advantages and disadvantages of their solution when
applying and to be prepared for high calibre engagement if they are
selected for the programme.
Following a rigorous selection process, MetLife will determine
eight finalists and pair them with MetLife EMEA employee champions
to help finalists hone their pitch and improve problem-solution
fit.
“You are building a long-term relationship, so take your time to
explain and ask questions and ensure communication is clear. Have
patience and ask for advice from MetLife’s employee champions and
LumenLab’s collab team on your pitch. That process is a great help
to get your value proposition right.”
“Winning collab was a far easier way of entering a new
market than the traditional route and a key advantage was the
level of support from different layers and geographies within
MetLife to make innovation succeed,” Klaas Stijnen, CEO of
Montoux.
The eight finalists will be invited to attend the collab Summit
EMEA and Demo Day in London on 11-12 July 2018 to present their
solutions where the ultimate winner will be announced.
To learn more and apply for collab 3.0 EMEA, please visit:
collab.lumenlab.sg.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 countries and holds
leading market positions in the United States, Japan, Latin
America, Asia, Europe and the Middle East. For more information,
visit www.metlife.com
About LumenLab
As MetLife’s pioneers for disruptive innovation, LumenLab is
charging ahead to create new businesses in health, wealth and
retirement. Lumen, a measure of light, symbolizes our commitment to
illuminating a new path for solving the problems that the people of
Asia face today. Through our focus on building new products and
services grounded in technology and data, we aim to help people
achieve richer and more fulfilling lives. For more information,
visit www.lumenlab.sg
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180416006621/en/
MetLife, Inc.Europe:Jo Riddell,
+44(0)7557286265jriddell@metlife.comorJonathan Bunn, +44 (0) 7557
161018jbunn@metlife.comorAsiaYvette Marmur, +852 5716
8533ymarmur@metlife.com
MetLife (NYSE:MET)
Historical Stock Chart
From Aug 2024 to Sep 2024
MetLife (NYSE:MET)
Historical Stock Chart
From Sep 2023 to Sep 2024