The companies will be work together on a number of advanced placement platform extensions modeling the transaction types most commonly used by brokers to shard high-value risk.
The annual event, part of the company’s broader innovation program, unites MetLife’s leaders with startups and VC partners to explore how disruptive technologies can be applied at MetLife.
The company has rolled out its insurance for single items in the state of Arizona, with additional states planned for later in 2018.
Funding comes from CommerzVentures, Marsh and other follow-on investors.
The new coverage protects rideshare drivers and passengers through commercial auto coverage throughout New York State for rides originating outside of the five boroughs of New York City.
Insurers can complement their human workforce with advanced technologies, but, as with any innovation, there are risks and barriers that insurers must overcome to fully benefit.
Automation can be a huge boost to productivity, but striking the right balance between digital and human involvement is the key to making the most of this new technology.
Forgione will lead the company’s development team and IT to ensure that it remains on the forefront of technology.
The implementation and strategic partnership with Majesco is part of Income’s plan to optimize its distribution management operation and improve sales performance.
The implementation initiative will focus on consolidating several systems onto the single VUE platform for producer management, compensation, and revenue reconciliation functions.