SINGAPORE (Nov 15): Insurance company MetLife has launched Collab, a three-month insurance technology accelerator programme that aims to support “product ready” start-ups as part of its wider fintech push.
Launched via its Singapore’s innovation centre LumenLab, MetLife says Collab is first-and-foremost a market place for start-ups to meet, share ideas, and build solutions, amid the backdrop of ever-quicker innovation.
“Our goal is to tackle the real problems facing our customers and leverage technology to drive business efficiency,” says Zia Zaman, LumenLab CEO and Chief Innovation Officer of MetLife Asia.
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. The closing date is Jan 29 next year.
MetLife aims to shortlist eight start-ups. The successful finalist, to be named on May 19 next year, will win a US$100,000 (S$141,000) contract to implement a pilot within MetLife.