Insurance company MetLife, Inc. (NYSE:MET) has launched two InsurTech investment programs for startups.
These programs, which will be led under the umbrella of MetLife’s Chief Digital Office, include:
– MetLife Digital Ventures and
– MetLife Digital Accelerator powered by Techstars.
Backed by a $100m co-investment fund, MetLife Digital Ventures accelerates MetLife’s transformation through direct investment in strategically aligned startups that can bring new forms of value to its customers.
The MetLife Digital Accelerator (powered by Techstars) is a program that identifies and mentors startups around the globe that are developing disrupting technologies in the insurance space. Startups selected will be hosted at MetLife’s Global Technology Campus in Cary, North Carolina, for an intensive 13-week program focused on the development and acceleration of transformational ideas.
Applications are now open for the first MetLife Digital Accelerator class. Start-ups may apply at Techstars.com/apply.