TORONTO, July 27, 2016 /CNW/ - Sun Life Financial is making digital
waves as the first Canadian insurance company to partner with Plug and Play Tech Center, a U.S.-based global technology accelerator that connects top start-ups
from around the world to corporations and investors. This new
arrangement will help position Sun Life Financial at the helm of
insurance industry innovation and closely follows a partnership struck
with MaRS Discovery District, one of North America's largest urban
"At Sun Life, we know there is so much more we can do for our Clients in
a digitally-driven world," said Dean Connor, President and Chief
Executive Officer, Sun Life Financial. "Inserting ourselves into the
stream with Plug and Play will help us experiment, and will speed up
the delivery of cutting-edge solutions for Clients."
Plug and Play runs 12 week industry-specific programs throughout the
year and connects a select group of start-ups from around the world
with its corporate partners. As part of the insurance vertical program,
Sun Life Financial, along with other financial institutions, will work
with start-ups by providing mentorship and business development support
to help them develop a working prototype. At the end of the 12 week
program, the start-ups pitch their ideas to investors and insurance
executives at Plug and Play's EXPO.
"This program is geared to help companies elevate the way they approach
their business, creating opportunities that can define their sector,"
said Saeed Amidi, Chief Executive Officer and Founder, Plug and Play.
"We are thrilled to be working with Sun Life, a forward-thinking,
innovation-focused organziation. We look forward to seeing the amazing
outcomes from this 12 week program."
Sun Life Financial will be focusing on the areas of Insurance, Health,
IoT (Internet of Things), Media & Mobile and Fintech & Security, with
leaders from different streams participating. The program is slated to
begin at the end of August.
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
products and services to individuals and corporate customers. Sun Life
Financial has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong Kong, the
Philippines, Japan, Indonesia, India, China, Australia, Singapore,
Vietnam, Malaysia and Bermuda. As of March 31, 2016, the Sun Life
Financial group of companies had total assets under management of $861
billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under the ticker symbol SLF.
About Plug and Play Tech Center
Plug and Play Tech Center is the world's largest global technology
accelerator and venture fund. Since inception in 2006, the program has
expanded worldwide to include entrepreneurs from 24 countries,
providing necessary resources to succeed in Silicon Valley. With over
350 start-ups and 300 corporate partners - it is the ultimate start-up
ecosystem. Plug and Play provides active investments with 180 leading
Silicon Valley venture capitalists, and more than 365 networking events
per year. Companies in the community have raised over $3.5 billion in
funding, with successful portfolio exits including Danger, Dropbox,
Lending Club, PayPal, SoundHound, and Zoosk. For more information visit
SOURCE Sun Life Financial Inc.
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