Sony Pixel Power calrec Sony

METLIFE JOINS THE MIT MEDIA LAB, ADDING TO ITS MULTI-PRONGED INNOVATION ECOSYSTEM

10/04/2018

METLIFE JOINS THE MIT MEDIA LAB, ADDING TO ITS MULTI-PRONGED INNOVATION ECOSYSTEM

NEW YORK, April 10, 2018 Today, MetLife announced a multi-year collaboration with the Massachusetts Institute of Technology (MIT) focused on accelerating innovative technologies that will transform the insurance industry. The announcement furthers MetLife's comprehensive and disciplined innovation approach of bringing together leading companies and institutions to identify and create disruptive solutions for the industry.

Every industry is impacted by the exponential growth in technology, the rise in globalization, and changing consumer demographics, said Marty Lippert, executive vice president and head of MetLife Global Technology & Operations. Our collaboration with MIT is the latest proof point of a strategic approach that is providing MetLife first-mover advantage in identifying and capitalizing on emerging consumer and technology trends.

MetLife joined the MIT Media Lab as a Consortium Lab Member. The Media Lab has developed tools, materials and methods that have led to transformative tech innovations such as the touch screen, GPS and wearables. Today, they have 26 research labs and approximately 450 active projects. MetLife's collaboration with the Media Lab will focus on disruptive applications of these technologies for the insurance industry.

MetLife is also leveraging MIT's advanced research in the areas of sensors (Internet of Things), social data, digital records, machine learning, and data science to reimagine underwriting to enable an enhanced customer experience with simplified underwriting, improved risk management and differentiated pricing.

The collaboration with MIT is the latest addition to MetLife's growing innovation ecosystem. In January, MetLife announced the launch of two InsurTech investment programs for start-up companies: MetLife Digital Ventures and MetLife Digital Accelerator powered by Techstars.

Backed by a $100 million co-investment fund, MetLife Digital Ventures accelerates MetLife's transformation through direct investment in strategically aligned start-up companies that can bring new forms of value to MetLife customers. Through direct investment, MetLife will have an opportunity to influence the direction of these early-stage companies that offer products and capabilities that are strategically important to the organization. The launch of MetLife Digital Ventures brings to the next level MetLife's existing strong relationships with 16 of the leading venture capital firms. These long-established relationships continue to provide MetLife unique access to a portfolio of top-tier investment opportunities.

The MetLife Digital Accelerator powered by Techstars is a first-of-its-kind program that identifies and mentors startups around the globe that are developing industry-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.

MetLife also works directly with startups through LumenLab, MetLife Asia's Singapore-based innovation center. Through its open innovation program, collab , Lumenlab invites entrepreneurs and insurtechs to scale their business with MetLife.
LINK: https://www.metlife.com/content/metlife/us/homepage/about-us/newsroom/...
See more stories from metlife

Most recent headlines

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

01/06/2026

Dolby Sets the New Standard for Premium Entertainment at CES 2026

January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026 Throughout the week, Dolby brings to life the latest innovatio...

02/05/2026

Dalet Flex LTS Delivers Smarter Search, Faster Editing, and an AI-Ready Foundation for Modern Media

Dalet, a leading technology and service provider for media-rich organizations, t...

01/05/2026

NBCUniversal's Peacock to Be First Streamer to Integrate Dolby's Full Suite of Premium Picture and Sound Innovations

January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...

01/04/2026

DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION

January 4 2026, 18:00 (PST) DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION Douyin Users Can Now Create And Share Videos With Stun...

05/03/2026

Clear-Com Supplies Cloud-Based Communications System for...

Clear-Com has provided Gen-IC virtual intercom, its cloud-based voice communications system for SaxaVord Spaceport, the first fully licensed vertical launch s...

05/03/2026

Hollywood Professional Association Concludes the 2026 HPA...

The Hollywood Professional Association (HPA) concluded the 2026 HPA Tech Retreat, convening more than 800 industry leaders, technologists, creatives and executi...

05/03/2026

LynTec 20 AMP Dual Output DMX Relay Now Shipping

LynTec, a leading manufacturer of electrical power control solutions for professional audio, video, and lighting systems, today announced that its new Dual DMX ...

05/03/2026

Snicket Labs Partners with ES Broadcast to Expand Access...

Snicket Labs is pleased to announce a new distribution partnership with ES Broadcast for its award winning solutions, Match and Enrich. Under the agreement, ES...

05/03/2026

LiveU Marks First Large Scale Global Deployment of AI Dri...

LiveU today announced the first large-scale deployment of its AI-driven LiveU IQ (LIQ ) technology at a global, multi-venue sporting event, setting a new benchm...

04/03/2026

Lega Basket Serie A Modernizes Media Operations Across Italian Basketball with ScorePlay

Lega Basket Serie A (LBA), the governing body for Italy's premier basketball...

04/03/2026

To Mark Five Years at Wrexham AFC, Co-Chairmen Rob Mac and Ryan Reynolds Will Host Broadcast During Wrexham-Swansea City on March 13

Wrexham AFC co-chairmen Rob Mac and Ryan Reynolds will host a first-of-its-kind ...

04/03/2026

FOX Sports Marks 100 Days to FIFA World Cup 2026 with Company-Wide Celebration

The countdown is underway and with just 100 days to go until the world's greatest sporting event begins on Thurs., June 11, FOX Sports, America's Englis...

04/03/2026

Exchange, NBCUniversal Team Up to Provide Service Members with Free Streaming of Paralympic Winter Games

No matter where they are in the world, service members and veterans can stream N...

04/03/2026

Telemundo Releases Somos Ms, the Official Anthem of its FIFA World Cup 2026 Coverage

Telemundo officially releases Somos M s, the anthem for the network's cove...

04/03/2026

Hollywood Professional Association Concludes 2026 HPA Tech Retreat

The Hollywood Professional Association (HPA) concluded the 2026 HPA Tech Retreat, convening more than 800 industry leaders, technologists, creatives, and execut...

04/03/2026

Case Study: How SEG+ Unified Utah's Biggest Sports Teams into a 40%+ Subscriber Growth Streaming Platform

Smith Entertainment Group transformed how local sports are consumed by creating ...

04/03/2026

SVG in Indy: Pacers Sports & Entertainment Remotely Produces Broadcasts of G League's Noblesville Boom

The production method, which spans a distance of 36.2 miles, was designed and im...

04/03/2026

Haivision Releases Seventh Annual Broadcast Transformation Report, Highlights Key Trends Shaping Live Production in 2026

Haivision, a global provider of mission-critical, real-time video networking and...

04/03/2026

SVG Sit-Down: Quantum CEO Hugues Meyrath on Reshaping the Company, the Impact of AI, Evolving Media Storage

When Hugues Meyrath came out of retirement to take the helm as CEO of Quantum, i...

04/03/2026

As Banana Ball Expands Exponentially, So Too Do Its Production Capabilities

Last week's launch of Banana Ball Championship League has spurred a significant upgrade of production facilities The Savannah Bananas, arguably the hottest...

04/03/2026

Press Release TEST

sldkfjsdlfkjsldkfjsldkjfslkdjfslkdjfsl Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus...

04/03/2026

Spotify A/Presenta Brings Fans Closer to Artists' Creative Process in Latin America, Starting With ROSALA

For many fans, a song's backstory can be just as compelling as the final pro...

04/03/2026

Spotify Kicks Off Our 20th Anniversary at SXSW With a Celebration of Artists, Creators, and Fans

In 2006, Spotify was founded on the belief that technology could bring artists a...

04/03/2026

Spotify and Coca-Cola Saddle Up for a Rhinestone Cowboy Experience at the Houston Rodeo

Spotify is back on the ground for the Houston Livestock Show and Rodeo, and we&#...

04/03/2026

Spotify Doubles Down on Investments in Australian Fan Discovery of Homegrown Aussie Talent

Spotify had an energizing week in Sydney, Australia, filled with powerful conver...

04/03/2026

FKA twigs and Jordan Hemingway Explore the Making of HARD' in Episode Two of Directed By'

Earlier this year, we launched Directed By, a documentary-style series that pull...

04/03/2026

100 Days to Go: SBS Unveils World Class Team for The Greatest Show on Earth -The FIFA World Cup 2026

100 Days to Go: SBS Unveils World Class Team for The Greatest Show on Earth -The...

04/03/2026

KT and Rohde & Schwarz to showcase AI-enhanced radio transmission performance

KT and Rohde & Schwarz to showcase AI-enhanced radio transmission performance In a joint 6G AI proof-of-concept demonstration, the CMX500 one-box tester from ...

04/03/2026

APTS Announces Public Broadcast Leadership, Advocacy Awards

Share Copy link Facebook X Linkedin Bluesky Email...

04/03/2026

SES publishes 2025 Annual Report

Luxembourg, 3 March 2026 - SES S.A. has today published its 2025 Annual Report, following the announcement of the company's full year financial results for ...

04/03/2026

NBC Sports, USA Sports Extend Rights Deal with PGA

Share Copy link Facebook X Linkedin Bluesky Email...

04/03/2026

Broadcasters Gather in DC for NAB State Leadership Conference

Share Copy link Facebook X Linkedin Bluesky Email...

04/03/2026

Transforming Africa's Future Farmers: Satellite-Enabled IoT Powers Data-Driven Agribusinesses

Luxembourg, March 3, 2026 - SES, a leading space solutions company, along with I...

04/03/2026

VEON Partners with GSMA Innovation Fund to Accelerate Digital Innovation in Pakistan and Bangladesh

04 Mar 2026 VEON Partners with GSMA Innovation Fund to Accelerate Digital Innov...

04/03/2026

VEON's Beeline Uzbekistan and Rakuten Symphony Partner for Open RAN, AI Collaboration

04 Mar 2026 VEON's Beeline Uzbekistan and Rakuten Symphony Partner for Open...

04/03/2026

Sky Sports unveils plans for 2026 Formula 1 coverage

Wednesday 4 March 2026 Sky Sports unveils plans for 2026 Formula 1 coverage Sky Sports is preparing for one of the most highly anticipated F1 seasons in recen...

04/03/2026

Bloodhounds' Season 2 Gears Up for April 3 Premiere with Hard-Hitting New Teaser and Poster

Back to All News Bloodhounds' Season 2 Gears Up for April 3 Premiere with ...

04/03/2026

Netflix Ads Suite Expands Capabilities

Back to All News Netflix Ads Suite Expands Capabilities Business 04 March 2026 GlobalUnited States Link copied to clipboard After launching the Netflix Ad...

04/03/2026

March 02, 2026

Scripps Research welcomes healthcare innovator Joe Kiani to the Board of Directors Kiani brings decades of experience in patient safety and public service. Mar...

04/03/2026

March 03, 2026

Nanoparticle vaccine approach takes on a new target: Hepatitis C virus Scripps Research scientists reengineer critical proteins on the surface of HCV, paving th...

03/03/2026

LIV Golf, Beyond Sports Elevate Online Gaming Ecosystem with Launch of LIV Golf Fantasy and LIV X

Beyond Sports, a Sony group company, and LIV Golf, the world's golf league, ...

03/03/2026

Ilitch Sports + Entertainment Announces Launch of Detroit SportsNet

Ilitch Sports + Entertainment announces the launch of Detroit SportsNet (DSN), a year-round broadcast home for two of Detroit's franchises. With flexible op...

03/03/2026

Advanced Systems Group Promotes Gretchen Taipale to Vice President, Managed Services

Advanced Systems Group, LLC (ASG), a technology and services provider for media ...

03/03/2026

PGA of America, NBC Sports, and USA Sports Extend Media Rights Agreement Through 2033

The PGA of America, NBC Sports and USA Sports extend their media rights agreemen...

03/03/2026

HONOR, ARRI Announce Technical Collaboration to Bring ARRI Image Science into Next-Gen Consumer Devices

AI device ecosystem company HONOR enters into a strategic technical collaboratio...

03/03/2026

Telos Alliance Partners with College Radio Foundation to Support College Broadcasters

Cleveland's Telos Alliance, pioneers in broadcast technology for 30 years, l...

03/03/2026

Sennheiser Relaunches MD 9235 Wireless Mic Head

The MD 9235 microphone head for wireless handhelds has been a firm favorite with many engineers and artists for its ability to cut through high on-stage levels ...

03/03/2026

Haivision to Showcase Private 5G and Live Video Contribution Innovations at MWC 2026

Haivision Systems Inc. (Haivision), a global provider of mission-critical, real-...