Reinsurance News

Symetra Partners with Nassau Re/Imagine insurtech incubator

10th July 2020 - Author: Charlie Wood

Symetra Life Insurance Company has announced a partnership with the Nassau Re/Imagine insurtech incubator designed to tap the creative and developmental opportunities in the region’s insurance industry talent pipeline.

handshake-photoThe program currently supports 19 startups focused on solving critical problems for the life, annuity, reinsurance, and property & casualty sectors.

“At Symetra, part of our strategic focus is seeking out opportunities that empower the future as we transform our business to better meet evolving customer needs across all of our business lines,” said Harry Monti, executive vice president, Benefits Division, who will join the Nassau Re/Imagine advisory board.

“We like the inclusive, community-focused approach the Nassau Re/Imagine team has embraced to build their program. Our partnership gives our Enfield, Connecticut-based employees greater access to Hartford’s vibrant innovation network, multiple brainstorming events and the kind of collaborative environment that can fuel viable business ideas.”

The Nassau Re/Imagine partnership expands Symetra’s footprint in the insurtech accelerator/incubator space.

Through parent company Sumitomo Life, it is a participant in the Plug and Play Tech Center in Sunnyvale, California.

“We have highly valued the time, energy and support from the leadership team at Symetra. We’re thrilled to have the organization increase their support and add formal resources to our efforts,” said Paul Tyler, head of Nassau Re/Imagine and Chief Marketing Officer at Nassau.

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