The Standard partners with insurtech accelerator Plug and Play

Standard Insurance Company has entered into a strategic partnership with Plug and Play Insurtech, a startup accelerator and open innovation platform.

Under the agreement, The Standard will act as an anchor partner on the Plug and Play Insurtech platform and engage directly with a select group of startups to explore and catalyse technological advancement towards driving innovation, increasing collaboration and achieving greater efficiencies.

The Standard said it will focus on the areas of insurance and financial services, seeking to improve a range of processes that could enhance distribution, risk management and customer-facing services.

“Our industry is changing at a pace that we have never seen before, and the expectations of our customers and partners are increasing," said Dan McMillan, vice president of employee benefits at The Standard. "Throughout our 112-year history, The Standard has steadfastly remained committed to meeting and exceeding customer expectations. Our partnership with Plug and Play is just one of the ways we intend to evolve our innovation efforts to benefit our customers, producers and employees.”

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