Innovation

A LifeTech incubator.

New York Life | April 19, 2019

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.
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Media contact

Kevin Maher
New York Life Insurance Company
(212) 576-7937
Kevin_B_Maher@newyorklife.com