MetLife Asia’s Singapore-based innovation center, today announced the
winners of collab
2.0, an open innovation platform designed to match startups with
business opportunities within MetLife Japan.
The winners - Moneytree,
competed with 111 applicants from 24 countries around the world to each
win a JPY 10 million contract to work on a project with MetLife Japan.
“We are delighted by the continued enthusiasm for collab 2.0 across the
global startup community,” said Zia Zaman, LumenLab CEO and Chief
Innovation Officer of MetLife Asia.
represent the best in creativity and innovation, bringing fresh thinking
to address the evolving needs of our customers. We’re excited to see
their solutions implemented and to see what will come from many other
startup relationships established through collab 2.0.”
Collab 2.0, launched in August and aims to give innovators a platform to
address business challenges in areas like customer engagement, sales,
Following a rigorous review process, six finalists - Concierge
- were selected and paired with MetLife employees to help them further
hone their ideas.
The six finalists were invited to Tokyo this week to attend the collab
Summit Japan, which drew industry
experts from across Asia and world-class insurtech entrepreneurs. The
program culminated in a Demo Day where the finalists pitched their ideas
to a judging panel of senior MetLife and LumenLab executives.
The finalist pitches showcased an exciting mix of ideas and
technological solutions ranging from artificial intelligence (AI) and
predictive analytics, to robotics process automation (RPA).
“For the past 150 years, MetLife has been at the forefront of
innovation. Thanks to LumenLab’s collab 2.0, we are continuing that
tradition by connecting with cutting-edge startups from around the globe
to develop new solutions that help people lead healthier and more
fulfilled lives,” said Sachin N. Shah, President and CEO, MetLife Japan.
For more information on collab 2.0 and the finalists, visit http://collab.lumenlab.sg/#finalists.
* Equates to approximately US$91,000 based on the FX rate of
1USD:JPY109.89 as of 4 August 2017
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 MetLife Japan
MetLife started operations in 1973 as the first foreign life insurance
company in Japan. Since then, it has provided an innovative and broad
range of products through diverse distribution channels to individual
and institutional customers. It currently operates as a Japanese
corporation, MetLife Insurance K.K. MetLife is committed to providing
trusted navigation to help people become more self-reliant and able to
pursue more from life. For more information, visit http://www.metlife.co.jp/
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: http://www.businesswire.com/news/home/20171208005224/en/