collab Summit highlights innovation opportunities for insurers
- 25.06.2018 12:29 pm
collab Summit EMEA will hear from industry experts and the eight cutting-edge insurtech finalists.
MetLife is highlighting innovation opportunities in the insurance industry at a dedicated summit as its collab 3.0 EMEA progarmme builds to a conclusion.
collab Summit EMEA is part of ‘collab’, an open innovation programme run by LumenLab, MetLife Asia’s Singapore-based innovation centre, to globally engage insurtech startups and offer them a fast-track opportunity to scale their businesses with MetLife. Working in collaboration with MetLife’s Europe, Middle East and Africa (EMEA) region, collab 3.0 EMEA is LumenLab’s third iteration of the programme.
The July 11th summit will host industry experts, world-class entrepreneurs, and venture capitalists in Canary Wharf, London, with a series of keynote speeches plus panel discussions on ‘The Future Insurer’ and the ‘Innovation Ecosystem’ ahead of the award of the contract.
Speakers include Bernard C. Kümmerli, Senior Partner and Head of European Operations at innovation consulting firm, Innosight, focusing on the Dual Transformation model for organisations seeking to reposition today’s business to maximise resilience while creating tomorrow’s growth engine.
Matthew Wong, Lead Analyst from CB Insights and Siim Sikkut, Chief Information Officer at the Government Office of Estonia will also share their thoughts on the latest insurtech trends. They will be joined by Mauro Dugulin, Chief Executive Office at MAXIS; Jeremy Jawish, Chief Executive Officer at Shift Technology, and Geoffrey Keast, Chief Executive Officer (North America) at Montoux (collab 2.0’s winner) as well as senior MetLife leaders from across EMEA and Asia.
The summit will also hear brief pitches from the eight finalists of collab 3.0 EMEA, which attracted a record 148 applications from 32 countries around the world. The programme offers insurtech innovators the chance to win a $100,000 contract with MetLife to develop solutions in areas including customer engagement, sales, and operations. The winner will pilot their solution with MetLife in EMEA.
Michel Khalaf, President of MetLife’s U.S. Business and EMEA commented,“collab Summit EMEA provides a platform for open discussion on innovation and the future of the insurance industry by bringing together some of the leading minds in this rapidly developing area.”
“The exciting mix of ideas and technological solutions from our collab 3.0 EMEA finalists will help drive greater value for our business and deliver a differentiated experience for our customers. Our employee champions are providing crucial support, insight, and guidance as finalists hone their solutions and pitches.”
Finalists include Anorak, Kasko, The ID Co., and CUBE from the UK offering a smart life insurance advice platform; a cloud based, end-to-end insurance platform; a frictionless user verification experience; and an automated approach to monitor global regulatory changes.
They are joined from the US by other finalists including DataRobot, an automated machine-learning platform and Eltropy which empowers financial firms to engage clients across messaging apps. Lucep and TrustSphere, finalists from Singapore, offer an omni-channel engagement system generating leads from digital channels; and a relationship analytics technology to leverage employee relationship networks.
During the collab programme, the eight finalists are being supported in developing their solutions and enhancing their understanding of MetLife’s business by ‘employee champions’, putting into practice the company’s commitment to talent development and promoting a culture of innovation.
To date, MetLife has awarded more than half a million U.S. dollars’ worth of contracts through collab in Asia that have helped develop practical solutions delivering value to MetLife’s business and customers.