Sun Life has partnered with the Plug and Play Tech Center, a startup accelerator in the Bay Area, which recently launched an insurance focus.

As part of the insurance vertical program, Sun Life will provide mentorship and business development support to help startips develop a working prototype. At the end of the 12 week program, the companies pitch their ideas to investors and insurance executives at Plug and Play's EXPO. The program is slated to begin at the end of August.

Sun Life also has a partnership with MaRS Discovery District, a similar organization in its home city of Toronto.

"At Sun Life, we know there is so much more we can do for our clients in a digitally-driven world," said Dean Connor, president and CEO Sun Life Financial. "Inserting ourselves into the stream with Plug and Play will help us experiment, and will speed up the delivery of cutting-edge solutions for Clients."

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