Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Posts Tagged ‘metlife’

MetLife Statement on Enactment of SECURE Act

Posted by fidest press agency su martedì, 24 dicembre 2019

MetLife, Inc. (NYSE: MET) issued the following statement today from Graham Cox, executive vice president and head of MetLife’s Retirement & Income Solutions group, on the SECURE Act being signed into law as part of the Further Consolidated Appropriations Act, 2020: “We applaud the enactment of the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. This legislation modernizes the nation’s retirement system by expanding access to solutions that will help workers live more confidently in retirement. It’s no longer enough that employees save for retirement ˗ they need help understanding how to generate a steady level of income. Through the provisions of the SECURE Act, employees can better understand the potential danger of outliving their savings and reduce the risk that they run out of money in retirement.”

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MetLife Named One of America’s Most Responsible Companies

Posted by fidest press agency su domenica, 15 dicembre 2019

MetLife, Inc., announced that it has been named one of America’s “Most Responsible Companies” by Newsweek magazine. MetLife is the top-ranked insurance company on Newsweek’s inaugural list, and number 19 of all 300 companies recognized.“As a purpose-driven company, we feel a deep sense of responsibility to all our stakeholders,” said MetLife Chief Sustainability Officer Tim Ring. “People trust us to protect their families, their finances and their futures while making the world a better place. We’re pleased to receive this recognition of our work.” Newsweek partnered with global data research firm Statista Inc. to publish its ranking of America’s Most Responsible Companies. Statista worked from a universe of 2,000 public companies and used a four-phase process, which included an independent survey among 6,500 U.S. citizens and research based on publicly-available key performance indicators derived from corporate annual reports, corporate social responsibility (CSR) reports, sustainability reports, and corporate citizenship reports. The detailed analysis covered three areas of CSR: environmental, social and corporate governance.

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MetLife Wins ACORD Leadership Awards

Posted by fidest press agency su mercoledì, 13 novembre 2019

Stephen Barnham, Asia’s Chief Information Officer, and Sourav Shah, Senior Digital Product Manager in Australia, have both been awarded the ACORD Leadership Award in the individual category. The prestigous annual awards held by the Association for Cooperative Operations Research and Development (ACORD), an international non-profit insurance standards organization, recognises outstanding achievement in standard implementation and advocacy in the industry worldwide. MetLife Inc. was also given the ACORD Leadership Award in the organisation category. The awards were given in recognition of the work done by Mr. Barnham and Mr. Shah and the MetLife organisation globally in demonstrating leadership in promoting data standards, by providing resourcing, faciliating industry collaboration and active participation in the implementation and development of standards across the industry. This isn’t the first time for MetLife to win the ACORD award. In 2018, MetLife Australia won the ACORD Case Study and Industry Contributor awards, both in recognition of the application program interfaces (APIs) developed for online claims lodgement and tracking, which was then gifted to the insurance industry.

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MetLife Named to FTSE4Good Index

Posted by fidest press agency su domenica, 28 luglio 2019

MetLife, Inc. (NYSE:MET) announced today that it has been named to the FTSE4Good Index, which highlights companies with strong environmental, social and governance (ESG) practices.Created in 2001 by FTSE Russell, a wholly owned subsidiary of London Stock Exchange Group, the FTSE4Good Index helps promote a greater focus on sustainability among businesses and investors.FTSE Russell evaluates companies across several ESG factors. Overall, MetLife rated above average for the life insurance industry and substantially higher than the average for the financial services industry. When looking at individual score components, MetLife received especially high marks — well above the life insurance industry average — on issues such as risk management and environmental stewardship.On governance, MetLife separated its Chairman and CEO roles in 2019. On operational risk, the company in 2018 expanded its Enterprise Risk Committee — which identifies and mitigates material risks to MetLife — to include senior leadership from all business units.MetLife also has a longstanding commitment to environmental stewardship and supports a wide range of low-carbon initiatives. In 2018, it invested more than $1.1 billion in green initiatives, bringing its total portfolio of green investments to nearly $17 billion. At year-end 2018, these investments included equity stakes in 60 LEED-certified real estate properties, along with ownership stakes in close to 40 wind and solar farms powering almost 1.5 million homes.

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Endor Wins MetLife Korea’s Innovation Program, Collab 5.0

Posted by fidest press agency su sabato, 15 giugno 2019

MetLife Korea today announced Endor as the winner of its open innovation program, collab 5.0. The Israel-based startup has won a USD 100,000 contract to pilot their solution with the insurer, which allows business users to answer predictive questions on the same day without the need for data science expertise.In addition to Endor, MetLife Korea selected four other finalists including Eda Communications, Fount, and MindsLab from South Korea, and Gnowbe, from Singapore for special Judges Awards.Created by LumenLab, MetLife’s Asia innovation center, collab 5.0 invited insurtechs from around the globe to apply to pilot their solutions with MetLife Korea.The winners were among seven finalists to pitch their solutions to a panel of senior MetLife executives at a ‘Demo Day’ in Seoul on Thursday. In total 180 startups from 30 countries applied to the program, including 51 from South Korea.“MetLife Korea is looking forward to working with Endor and the other four innovative startups. Their solutions have the potential to offer tremendous benefits to our business and customers in Korea,” said Young Rok Song, Senior Vice President and General Manager, MetLife Korea.“Innovation is a business imperative and external collaboration forms a key component of MetLife’s efforts to transform the insurance sector. Collab is about building partnerships that help us innovate ahead of tomorrow’s challenges to have a greater impact on those we serve,” said Zia Zaman, LumenLab’s Chief Executive Officer and Chief Innovation Officer of MetLife Asia.
Collab 5.0 launched in February and follows four successful collab programs, including two in Japan in 2017 and 2018, one in MetLife’s Europe, Middle East and Africa region in 2018, and one in Singapore in 2016.Since its inception, collab has attracted 718 applications from more than 60 countries and MetLife has awarded more than USD 1 million worth of contracts to develop value-generating solutions for MetLife’s business and customers.

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MetLife Announces Richard Nunn as New CEO for Australia

Posted by fidest press agency su mercoledì, 23 gennaio 2019

MetLife announces Richard Nunn as its next Chief Executive Officer in Australia, commencing 1 May 2019.Mr Nunn is currently the CEO of Statewide Super, a leading superannuation fund based in South Australia and one of MetLife Australia’s longest standing clients. He brings over 30 years’ financial services experience across wealth management (including life insurance and retail advice) and banking in Australia and Asia more broadly.Geoff Brunsdon, Chair of MetLife in Australia, said of the appointment: “We’re delighted to welcome Richard to MetLife. His deep financial services experience and proven ability to deliver growth make him a great fit for MetLife.“MetLife continues to gather momentum in Australia, recently expanding into the retail market and winning the multi-million dollar Tasplan tender. I am confident Richard will continue to build on that momentum and deliver our vision of giving people the fastest, easiest and most caring life insurance experience.”MetLife is a global insurance company with a 150-year history, and is the third largest group life insurer in Australia, protecting 2.6 million lives. The company has recently expanded into the retail life insurance through financial advisers. MetLife has been a specialist provider of life insurance in Australia since 2005.Commenting on the MetLife business, Mr Brunsdon also said: “It is an exciting time for MetLife in Australia. Richard, and our executive leadership team, are well positioned to capitalise on what we have already achieved.”Prior to joining Statewide, Mr Nunn has worked for some of the industry’s biggest and best known organisations including NAB, Commonwealth Bank of Australia (CBA), IOOF and AXA, across a range of management roles and geographies. Richard will be relocating to Sydney to take up the role in May.Vince Watt, MetLife Australia’s Chief Financial Officer, will continue as Acting CEO until Mr Nunn commences in May.“I want to thank Vince for his outstanding leadership and all our employees for their continued commitment to delivering for our customers,” said Mr Brunsdon.

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MetLife Expands Access to Genomics to Help Customers in Asia Prevent and Manage Cance

Posted by fidest press agency su venerdì, 7 dicembre 2018

MetLife continues to expand access to new and differentiated health services for customers in Asia to help them better understand and manage their risk of serious illnesses like cancer and determine the best prevention and treatment options.AmMetLife Insurance Berhad (“AmMetLife”), the strategic partnership between MetLife and AMMB Holdings Berhad (AmBank Group), has launched a first-of-its-kind plan in Malaysia that includes coverage of genomic testing for customers diagnosed with cancer.
The “HCC BoostUp Rider,” attached to the HealthCare Choice Rider, gives customers coverage for a unique combination of medical benefits including genomic testing for cancer, out-patient dengue treatment, home nursing care, and pre-hospitalisation treatment. “We’re pleased that AmMetLife, is the first insurer to offer a genomic tumour assessment benefit for cancer patients in Malaysia, so they have more information to undertake precision treatment. We already offer genomic testing and precision medicine benefits through some of our solutions in China and pharmacogenomics benefits as a value added service in Korea,” said Joyce Au-Yeung, Regional Head of Health for MetLife in Asia.
To ensure its services and solutions keep pace with medical trends and customers’ evolving needs, MetLife has teamed up with leading medical experts like Dr. Steven Tucker, who specialises in cancer, genomics and precision medicine.
“Genomics is a game changer when it comes to cancer treatment. No two people are the same and consumers everywhere are demanding more personalisation. Medical care is no different and genomics allows us to define the unique characteristics of a patient’s cancer and treat it with precision,” said Dr. Tucker, MetLife’s external medical consultant.Across Asia, MetLife is steadily building out a combination of holistic insurance solutions and services to help customers better understand how to prevent, diagnose, treat and manage serious illness. In doing so, the company is focused on the five serious illnesses most relevant to Asians: cancer; cardiovascular disease; diabetes; dementia; and mental health.

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MetLife Names New Leaders for Asia

Posted by fidest press agency su lunedì, 27 agosto 2018

MetLife, Inc. (NYSE: MET) announced that Kishore Ponnavolu has been named President of the company’s Asia region effective Sept. 1, 2018. He will become a member of the company’s Executive Group, report to Chairman, President and CEO Steven A. Kandarian, and be based in Hong Kong.In addition, MetLife announced that Rebecca Tadikonda has been named Head of Strategic Growth Markets, Asia, also effective Sept. 1, 2018. She will report to Ponnavolu and be based in Singapore.Ponnavolu will directly oversee Japan, Korea, Australia and LumenLab, MetLife Asia’s innovation hub. The markets for which Tadikonda will have responsibility are Bangladesh, China, Hong Kong, India, Malaysia, Nepal and Vietnam.Ponnavolu is currently head of MetLife’s Auto & Home business in the United States, and Tadikonda is MetLife’s Chief Strategy Officer.“Kishore has a proven track record of transformational leadership that engages customers, motivates employees, and drives profitable growth,” Kandarian said. “These highly transferable skills make him the right leader for our large and growing Asia business, and I have every confidence that he will take it to even higher levels of success.” Kandarian added, “Rebecca is a world-class strategist who has helped MetLife chart a course toward greater customer centricity, efficient capital allocation, and a more attractive portfolio of businesses. With her background advising a range of companies in markets across the globe, including Asia, she was the natural choice to accelerate value creation in the region.”
Prior to serving as head of Auto & Home, Ponnavolu was MetLife’s Chief Strategy Officer from 2011-2013. Before joining MetLife, he held senior positions with American Express, GE Money, McKinsey and Company, and A.T. Kearney Inc. Ponnavolu earned his doctorate in business administration from Drexel University in Philadelphia, Pa., and his master’s and bachelor’s degrees from Osmania University in Hyderabad, India.Tadikonda joined MetLife as Chief Strategy Officer in 2014. Previously, she was a Partner at Bain & Company and has also held roles in marketing at DHL Worldwide Express and VeriSign. Tadikonda earned her master’s degree in business administration from Stanford University and her bachelor’s degree in economics from Dartmouth University.In addition to her new duties, Tadikonda will remain as Chief Strategy Officer until a replacement is named.Within Auto & Home, Senior Vice President of Product Management Mick Noland and Vice President of Claims Darla Finchum will serve as Interim Co-Heads of the business while MetLife conducts a search for Ponnavolu’s replacement.

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MetLife Appoints James Reid to Lead Its Global Employee Benefits Business

Posted by fidest press agency su martedì, 30 gennaio 2018

James ReidMetLife, Inc. (NYSE:MET) has named Executive Vice President James Reid as head of its Global Employee Benefits (GEB) business. Reid is responsible for accelerating GEB’s growth by partnering with MetLife’s regional offices and expanding relationships with top financial institutions and global employee benefit brokers and consultants. Reid will also lead select critical growth initiatives for the company.Reid joined MetLife in 2012 and has over 25 years of experience in health and employee benefits, and P&L ownership. To date he has held several leadership roles within MetLife’s U.S. Group Benefits organization, most recently spearheading Regional and Small Business Solutions. Under Reid’s leadership, the U.S. team has begun reimagining how MetLife could best work with small businesses and is partnering with IBM to create a first of its kind quote-to-claim platform. Prior to MetLife, he spent more than 20 years at Aetna, with leadership roles in its healthcare and voluntary business groups.“James brings tremendous industry knowledge, innovative thinking, and a focus on plan execution to GEB,” said Michel Khalaf, President, U.S. Business and EMEA. “With both healthcare and employee benefits experience, he is well positioned to lead this charge.” “The power of employee benefits to bring peace of mind and, in many cases, a lifeline to employees all over the world cannot be underestimated,” said Reid on his appointment. “A connected network such as MetLife GEB has the expertise to provide the best solutions for global clients as it applies a dual macro and micro lens to solving challenges. I am proud to have the opportunity to work with this team.”By leveraging its expatriate benefits business, MetLife Worldwide Benefits, and its joint venture company, MAXIS GBN, MetLife GEB provides group life and health, pensions, and credit solutions globally. (photo: James Reid)

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