MetLife Recognized in Forbes’ Inaugural Blockchain 50 List

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    List highlights companies that are embracing technology to drive
    business success

    HONG KONG–(BUSINESS WIRE)–MetLife has been named in Forbes’ inaugural Blockchain
    50
    List, the first-ever ranking of the top 50 organizations that are
    leading the pack in regard to adapting decentralized ledgers to their
    business.

    MetLife was recognized for its Vitana
    experiment, which was launched in Singapore last August by LumenLab,
    MetLife’s Asia innovation center. Vitana is the world’s first, automated
    insurance solution using blockchain technology to offer pregnant women
    financial protection in case of gestational diabetes– a condition
    affecting up to one in five expectant mothers in Singapore.

    Vitana securely connects to customers’ electronic medical records via
    their mobile device to issue a policy within minutes. If the customer’s
    doctor records a positive diagnosis in her medical records, Vitana will
    trigger an automatic payout, without the customer needing to make a
    claim.

    “We saw an opportunity to test how blockchain can make insurance more
    seamless for customers and we’re delighted to receive this recognition
    from Forbes and to be considered a global leader in blockchain,” said
    Zia Zaman, MetLife’s Chief Innovation Officer in Asia and Chief
    Executive Officer of LumenLab.

    Vitana was developed within the Monetary
    Authority of Singapore’s
     (MAS) regulatory
    sandbox
    , together with partners: SwissRe, which
    helped drive product design and reinsure the risk; Cognizant,
    which provided the underlying technology and blockchain expertise; and Vault
    Dragon
    , an electronic medical records provider which supported
    on-the-ground implementation with forward-thinking doctors and clinics.

    For additional information about the 2019 Blockchain 50 List, please
    visit: Blockchain’s
    Billion Dollar Babies

    About MetLife

    MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates
    (“MetLife”), is one of the world’s leading financial services companies,
    providing insurance, annuities, employee benefits and asset management
    to help its individual and institutional customers navigate their
    changing world. Founded in 1868, MetLife has operations in more than 40
    countries and holds leading market positions in the United States,
    Japan, Latin America, Asia, Europe and the Middle East. For more
    information, visit www.metlife.com.

    About LumenLab

    As MetLife’s pioneers for disruptive innovation, LumenLab is charging
    ahead to create new businesses in health, wealth and retirement. Lumen,
    a measure of light, symbolizes our commitment to illuminating a new path
    for solving the problems that the people of Asia face today. Through our
    focus on building new products and services grounded in technology and
    data, we aim to help people achieve richer and more fulfilling lives.
    For more information, visit http://www.lumenlab.sg

    Contacts

    Yvette Marmur (Asia): +852 5716-8533 or [email protected]