CUBE & Knowtions Win MetLife’s Innovation Program, Collab 4.0
December 07 2018 - 1:30AM
Business Wire
CUBE and Knowtions have each won a JPY 10
million contract to pilot their solutions with the insurer’s Japan
business
MetLife Japan today announced CUBE Content Governance Global
Limited (CUBE) and Knowtions Research,
Inc. (Knowtions) as the winners of its
open innovation program in Japan, collab 4.0. Created by LumenLab,
MetLife’s Asia innovation center, collab 4.0 invited insurtechs
from around the globe to apply for a JPY 10 million1 contract to
pilot their solutions with the insurer’s Japan business.
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CUBE and Knowtions were among six finalists chosen from 140
applicants across 40 countries to pitch their solutions to a panel
of senior MetLife executives at a ‘Demo Day’ in Tokyo on Thursday.
CUBE is a UK-based start-up that has created an automated
regulatory intelligence platform that monitors, analyzes and alerts
companies to regulatory changes. Canada-based Knowtions unlocks
messy health data to surface predictive insights for health
insurers globally.
“MetLife Japan is excited to work with CUBE and Knowtions. We
believe their solutions have the potential to offer tremendous
benefits to our business and customers in Japan,” said Webster
Coates, Senior Vice President and Chief Strategy Officer, MetLife
Japan.
“External collaboration is a critical component to transforming
the insurance sector and Collab is about building partnerships that
help us innovate ahead of tomorrow’s challenges. Now in its fourth
iteration, collab is helping our company solve business challenges
and have an ever-greater impact on those we serve,” said Zia Zaman,
LumenLab’s Chief Executive Officer and Chief Innovation Officer of
MetLife Asia.
Collab 4.0 launched in August and follows three successful
collab programs, including one in 2017 which saw MetLife Japan
select three innovative companies as the winners: Montoux,
WorkFusion, and Japan-based Moneytree.
Since its inception in 2016, collab has attracted 538
applications from more than 60 countries and MetLife has awarded
US$700,000 worth of contracts through the program which have gone
into developing practical solutions in areas like customer
engagement, sales, and operations.
For more information on collab 4.0, visit
http://collab.lumenlab.sg/
About MetLife
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 Insurance K.K.
MetLife Japan started operations in 1973 as the first foreign
life insurance company in Japan and currently operates as a
Japanese corporation and an affiliate of MetLife, Inc., a leading
global financial services company that aims to help people become
more self-reliant and able to pursue more from life. MetLife Japan
provides a broad, innovative range of products through diverse
distribution channels to individual and institutional
customers.
For more information, visit http://www.metlife.co.jp
About LumenLab
As MetLife’s pioneers for disruptive innovation in Asia,
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 http://www.lumenlab.sg
1 This amount equates to approx. US$89,555 based on the FX rate
as at Aug. 3, 2018
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181206006090/en/
MetLife Asia:Yvette Marmur, +852 5716
8533ymarmur@metlife.comorMetLife Japan:Hiroko Yamashita, +81
03 6779 2771yamashitahirok@metlife.co.jp
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