MetLife (MET) has made an attempt to streamline its customer experience by announcing two InsurTech investment programs. The names of these programs are MetLife Digital Accelerator and MetLife Digital Ventures.
According to the company’s management, globalization, increasing momentum in technology, and shifting consumer preferences toward the digital world are gaining momentum, in turn affecting performances across all industries.
MetLife is trying its hand in the digital world with the help of these two investment programs. The company is expected to receive a positive response on these programs because in today’s world, digitization is a top priority.
The two programs launched by MetLife aim to aid startup companies. With the help of direct investment, MET will be able to affect the decisions of startup companies. Techstars is the provider of the two investment programs. It’s a network that has placed its entire focus on entrepreneurs and helping them to become future leaders.
Techstars’ management has a positive outlook on its relationship with the insurance company. The startups that will be shortlisted for the two programs will have the opportunity to meet with insurance industry experts. These newly built connections should help the startups to grow.
MetLife has cash per share of $24.66. Its peers (XLF) Allstate Corporation (ALL), CNO Financial Group (CNO), and Reinsurance Group of America (RGA) have cash per share of $8.05, $6.32, and $20.67, respectively.