MetLife Announces Uniphore as Winner of collab

US$100,000 award concludes MetLife’s successful inaugural corporate –
startup engagement program

SINGAPORE--(BUSINESS WIRE)--LumenLab, MetLife’s Singapore-based innovation center, this evening
announced Uniphore as the winner of its inaugural corporate-startup
engagement program, collab, following the demo day which took place
today in Singapore. In addition to the overall winner, two outstanding
projects, Democrance and Flamingo received the “Judge’s Selection” award.


collab launched in November 2016, attracted over 135 applications from
34 countries worldwide. Based on known challenges in the areas of
customer engagement, sales process, operations, and new business model,
8 finalists competed to be the overall winner and receive a US$100,000
contract to implement their solution in MetLife.

“This competition brought out some of the best start-ups in the
insurtech space. We believe that innovation platforms such as collab are
key in identifying implementable solutions to better meet the changing
needs of our customers,” said Chris Townsend, President, MetLife Asia.
“We congratulate all of the finalists, and in particular Uniphore on
winning this competition.”

Uniphore, founded in 2009 and with offices in India and Singapore is a
speech recognition solutions company. Their solutions extend the power
of speech to revolutionise human-machine interaction. This allows any
software application to understand and respond to natural human speech,
and facilitates both customer engagement and loyalty build. Uniphore has
worked with over 70 enterprise customers and served over 4 million users.

During the demo day event, the finalists presented their business ideas
to 9 senior MetLife executives. The finalists were allotted 30 minutes
to make their pitch and evaluated on their fit to problem statements and
the quality of their solutions. Other points of consideration were
product differentiation, team experience, and the completeness of their
implementation plan.

The 8 start-up finalists were Capabiliti, Democrance, Digital Fineprint,
Flamingo, Good Parents, Shift Technology, Sureify, and Uniphore. The
broad range of solutions showcased included artificial intelligence
(AI), predictive analytics and wearables for kids. The finalists
received coaching and training from Oliver Wyman, PwC’s venture hub in
Singapore, and Velocity (ACP’s accelerator arm).

“The pitches from all our finalists were impressive, which made our job
of selecting an overall winner very difficult,” said Zia Zaman, LumenLab
CEO and Chief Innovation Officer of MetLife Asia. “Each finalist
presented something exciting and ground breaking. The “open innovation”
construct, combined with access to “champions” from across the business
made for a mutually beneficial experience. We’re excited to work with
Uniphore, Democrance, and Flamingo over the coming months to bring their
solutions to life at MetLife and have them benefit from our business
scale.”

For more information on Uniphore, Democrance, Flamingo and all the
finalists, please visit http://collab.lumenlab.sg

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates
("MetLife"), is one of the largest life insurance companies in the
world. Founded in 1868, MetLife is a global provider of life insurance,
annuities, employee benefits and asset management. Serving approximately
100 million customers, MetLife has operations in nearly 50 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, symbolises 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 www.lumenlab.sg.


Contacts

MetLife Asia
Ashia Razzaq
Head, Business Communication, Asia
ashia.razzaq@metlife.com
or
RHT
Communications & Investor Relations
Roger Poh, +65-9455-2690
Director
roger.poh@rhtcir.com