In a whitepaper titled “Emerging LifeTech ecosystem promises profound impacts on life insurance”, New York Life Ventures explores the implications of this new ecosystem on the future of the life insurance industry - and highlights how the team has invested accordingly.
Founded in 2012 as one of the life insurance industry’s first corporate venture capital arms, the New York Life Ventures team quickly identified an emerging startup ecosystem distinctly different from what would become the insurtech space and realised the potentially profound impacts these start-ups promised to have on insurers. This ecosystem included technologies that not only addressed opportunities specific to life insurance, but also those that went beyond insurance into areas like cloud architecture and cybersecurity. The team eventually coined…
