Hartford InsurTech Hub announces the launch of its newest initiative focused on providing innovative solutions to Life, Annuity, Retirement, Long Term Care and Employee Benefits insurers and providers.
Hartford InsurTech Hub 2.0 is bringing together Life, Annuity, Retirement, Long Term Care and Employee Benefits insurance leaders to set the direction for the second generation of the Hub, advance new innovative ideas and technology, and share how their organizations think about staying ahead of disruption. The program offers sourcing mature and forward-thinking companies that will impact their ability to compete in the future within these lines of insurance.
“At a time when technology is expected to transform Life, Annuity, Retirement, Long Term Care and Employee Benefits lines, it is crucial that scale-ups and corporates have a platform to share ideas, experiment and develop business opportunities,” says Managing Director Dawn LeBlanc 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.”
Founding Life, Annuity, Retirement, Long Term Care and Employee Benefits Advisory board members include representation from AFLAC, Allstate, Capgemini, Connecticut Innovations, CT Next, CT Retirement Income Authority, Crump, Covr Financial Technologies, FinTech School, Global Atlantic, Group1001, Guardian Life, The Hartford, Infosys, Insured Retirement Institute, Knighthead, LIMRA, MassMutual, Mutual of Omaha, NY Life, Symetra and VOYA (as of 10/29).
“Voya is excited to participate and have a voice in helping set the direction for the second generation of the Hartford InsurTech Hub,” said Denis Monty, head of planning and strategy for Voya’s Tax-Exempt Markets Retirement business. “Voya is committed to delivering purposeful innovation that can make a meaningful impact on individuals and their ability to achieve financial wellness. 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.”
“It’s wonderful to see the momentum surrounding InsurTech innovation continuing to build in Hartford through the launch of this new initiative. There is an incredible opportunity for entrepreneurs looking to create value for Life, Annuity, Retirement and Employee Benefits providers in our city” explains Michelle Cote, the Director of Strategic Partnerships at Connecticut Center for Entrepreneurship and Innovation. “The concentration of companies in this sector, as well as industry expertise available here, makes Hartford a great place for companies looking to break into the US market, and grow. We’re looking forward to helping our local anchors keep pace with changes in the marketplace and develop capabilities that help them create new value for their customers.”