MetLife has signed a multi-year collaboration with the Massachusetts Institute of Technology (MIT) to identify and develop disruptive platforms for the insurance industry.

MetLife Global Technology & Operations head Marty Lippert said: “Our collaboration with MIT is the latest proof point of a strategic approach that is providing MetLife first-mover advantage in identifying and capitalising on emerging consumer and technology trends.”

The agreement makes MetLife a consortium lab member of the MIT Media Lab, which has 26 research labs and nearly 450 active projects.

MetLife said that its partnership with the Media Lab will focus on disruptive applications of new technologies for the insurance industry.

MIT Media Lab has history of developing tools, materials and methods that led to transformative tech innovations such as the touch screen, GPS and wearables.

Also, MetLife will utilise MIT’s advanced research in the areas of sensors (Internet of Things), social data, digital records, machine learning, and data science to reimagine underwriting.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The agreement follows launch of two InsurTech investment programs for start-up companies by MetLife in January this year.