The insurer seeks to make discovery and development of startups a core competency for both internal consumption and industry transformation, says MetLife’s Chief Digital Officer.
Insurers are building upon core modernization investments and embracing innovation as the cornerstone for change and transformation. So, what’s next for the industry?
Through the agreement, the insurer will refer to Betterview clients that can benefit from the vendor’s building/property data, analysis and insights.
The insurer has adopted Guidewire InsuranceSuite, Client Data Management, Rating Management, and Reinsurance Management for core, and DataHub and InfoCenter for enterprise data management and analytics.
The program enables insurers to enter the private flood insurance market by offering broad, flexible coverage options in a template similar to the standard homeowners’ policy familiar to consumers.
The digital life insurance startup, which opened its doors in Jan. 2017, will use the funding for expansion.
The company reports that applicants up to 60 years old are eligible to apply now for a $2 million policy.
Technology changes faster than culture and practice at most insurance companies—insurers that want to fully leverage the capabilities enabled by emerging technology should look at their products and processes in the light of new technical, market, and customer realities.
Parker has held various senior roles at Pitney Bowes Software’s Insurance Practice, SAP, AQS Systems, and FIS.
Among the technologies areas exemplified by the companies in the 2018 GIA cohort are AI, gamification, continuous underwriting, portals, apps, IoT/connected world devices.