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Max Life Innovation Labs Selects Seven Start-ups for Collaboration in the Insurtech Space

As a part of the ‘Pitch Day’ programme organized on 29th January 2020, these seven start-ups were selected from over 151 applicants. 

Max Life Insurance has selected 7 start-ups to engage with ‘Max Life Innovation Labs’, the Company’s flagship ‘InsurTech’ accelerator programme. As a part of the ‘Pitch Day’ programme organized on 29th January 2020, these seven start-ups were selected from over 151 applicants who have interacted with Max Life over the last two months, and have been selected through a process including application reviews, followed by demo calls with the business teams and mentorship through boot-camps with business heads.

Structured to position Max Life as an innovation leader and achieve key business objectives, the ‘Max Life Innovation Labs’ ‘Pitch Day’ featured a stringent selection process by an elite jury panel. The 15 start-ups shortlisted for the ‘Pitch Day’ presented innovative solutions spanning across conversational artificial intelligence, document parsing, speech recognition, smart underwriting, smart agent/seller hiring and health and wellness technologies and had engaging one-on-one interaction with the program mentors after their pitch presentations.

Start-ups Selected for Max Life Innovation Labs

Start-ups Use Cases

  • Kwantics – Speech Recognition
  • Eigenlytics – Document Parsing
  • Artivatic – Smart Underwriting
  • Vidzai – Digital Personalized Videos
  • Assess – Hub Smart Hiring
  • NVest – Solutions Product Configuration Platform
  • Wellthy – Therapeutics Health & Wellness

“Max Life Innovation Labs gives futuristic perspective to the business while aligning us to new ideas and enabling us to make rapid progress in the sector. We have been witness to some very novel ideas which do have the potential of bringing greater innovation into the life insurance industry. We believe that these evolving technologies have the power to transform the way we operate and has the potential to reshape the industry. We are planning to give a larger shape to these selected start-up ideas, where working with the aligned partners we aim to create intuitive solutions for the business challenges. With the value that we see in the programme, we will aim to enhance the scope of Max Life Innovation Labs in the coming times as well to continuously remain engaged and bring greater innovation to the ecosystem,” said Prashant Tripathy, CEO and Managing Director, Max Life.

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