MetLife Joins the MIT Media Lab

The Digital Journal website reported that MetLife has established 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 innovation approach of bringing together leading companies and institutions to identify and create disruptive solutions for the industry. 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. 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.