Hartford Insurtech Hub launches life, annuity program
The Hartford InsurTech Hub, a three-year-old insurtech acceleration program, is kicking off a “2.0” version focused on life, annuity, retirement, long-term care and benefits insurtechs.
While the two cohorts the Hub have run to date have been heterogenous in composition, the idea to break out these lines of business comes as the insurtech movement increases its focus on these non-P&C lines of business.
“At a time when technology is expected to transform… [these] lines, it is crucial that scale-ups and corporates have a platform to share ideas, experiment and develop business opportunities,” says Dawn LeBlanc, managing director of Hartford Insurtech Hub. “We are excited by the agility and creativity that scaleups will bring to support our ambition of strengthening innovation. We are thrilled to be working with a group of powerhouse insurers and supporting organizations to serve on our board to design a program focused on ensuring their companies keep pace with change and create outcomes to assist with growth.”
Carrier advisory board members for the new segment include representatives from Aflac, Allstate, Global Atlantic, Greenhouse Life, Guardian Life, The Hartford, MassMutual, Mutual of Omaha, New York Life, Symetra and VOYA, among other municipal, vendor, and association companies.
“Working closely with scale-ups and innovators in our space fits nicely with Voya’s current efforts to put behavioral science and digital insights at the core of our innovation process,” added Denis Monty, head of planning and strategy for Voya’s Tax-Exempt Markets Retirement business.