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Joel Albarella, head of New York Life Ventures, discusses New York Life’s pioneering and present-day efforts around InsurTech and LifeTech. Some key points:

  • New York Life has been focused on innovative startups in the insurance space since 2012—before InsurTech even existed. InsurTech evolved as a subset of FinTech.
  • New York Life coined the phrase “LifeTech” to classify startups that were decidedly not InsurTech but were germane to life insurance.
  • These startups help accelerate New York Life’s ‘speed to insight.’
  • The marketplace is validating our approach of investing outside of the traditional InsurTech vertical.

Go back to our newsroom to read more stories.

Media contact
Kevin Maher
New York Life Insurance Company
(212) 576-6955

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