MetLife Selects Lucep as Winner of collab 3.0 EMEA

MetLife has announced Lucep as the winner of its collab 3.0 EMEA program, which offered insurtech innovators the chance to win a USD $100,000 contract to pilot their solutions with MetLife.

A record 148 startups from 32 countries applied for the program, run by LumenLab, MetLife Asia’s Singapore-based innovation center, designed to support them in scaling their business with MetLife while helping to solve some of the insurer’s biggest innovation challenges across its business in Europe, the Middle East, and Africa (EMEA).

Singapore-based Lucep was selected as the winner following yesterday’s Demo Day, the finale of the programme, through a rigorous judging process. Lucep is an omni-channel engagement system that generates leads from digital channels and directs them to the best agents available to respond to the call, providing the agent with analytics and data on the prospect to help convert them to a customer.

collab 3.0 EMEA, launched in March 2018 and is LumenLab’s third iteration of the ‘collab’ open innovation program which aims to globally engage insurtech startups and offer them a fast-track opportunity to scale their businesses with MetLife.

To date, MetLife has awarded more than USD $500,000 worth of contracts through collab in Asia that have helped develop practical solutions delivering value to MetLife’s business and customers.