Digital Fineprint, a London-based InsurTech startup, has been selected as one of the eight InsurTech companies in the world to take part in MetLife’s collab Partnership.
The announcement comes on the heels of the company’s selection into Accenture’s Fintech Innovation Lab in London in January 2017.
Founded in 2015, Digital Fineprint is funded by Eos Venture Partners, RAW Capital and a stellar group of angel investors. It uses ground-breaking predictive analytics to turn social data into insurance data. The company has been selected out of 135 competing applicants from 34 countries.
“The Asian market is a crucial component in our strategy”, asserts Erik Abrahamsson, CEO and founder of Digital Fineprint. “High levels of digital, social penetration and mobile usage represent a truly fertile ground for a firm like ours. A combination of a thriving insurance market, a youthful demographic and a highly dynamic business environment makes Asia a great fit for our services.”
LumenLab, MetLife’s Singapore-based innovation centre, last November announced the launch of Collab – a three-month program that supports “product ready” start-ups as they tackle the business needs of tomorrow.
MetLife’s collab partnership is a new way of accessing international technology, leveraging solutions from the most successful tech companies and helping bring scale to proven products. As MetLife positions itself as an innovation leader in insurance, this latest partnership model signals a new form of engagement with the most promising InsurTech firms across the globe.
“After proving our technology in Europe, we are now ready to go international, and Asia is a logical next step. MetLife, being an innovative and leading force in the market, is the perfect partner for us and we couldn’t be more excited,” CTO Jin Chen added.
