NYL Ventures takes deep dive into profound life industry implications of ‘LifeTech’
October 1, 2019 by Insurance Forums Staff
New York Life Ventures, the corporate venture capital arm of New York Life, just released “Emerging LifeTech ecosystem promises profound impacts on life insurance,” a whitepaper that dives deeper into the implications of LifeTech for the future of the life insurance sector.
LifeTech – an emerging startup ecosystem distinctly different from the prevailing InsurTech landscape – features technologies that address the specific challenges faced by life insurance companies and was first coined by New York Life Ventures in 2018. Since then, as the whitepaper notes, startup founders and investors have ramped up their focus on empowering incumbent insurance companies.