Articles from MetLife

MetLife, a global leader in insurance solutions, announces the creation of a new regional business unit in Latin America by the name of MetLife Xcelerator, marking a significant milestone in the evolution of the MetLife Xcelerator platform and execution of the company’s New Frontier strategy. Designed to lead the transformation of embedded insurance and democratize access to financial protection, the MetLife Xcelerator platform, launched in November 2023, is redefining the insurance ecosystem by using advanced technology and an agile model to connect millions of people to more accessible, personalized insurance solutions.

As today’s workforce continues to navigate changing socioeconomic conditions and a complex legal landscape, research in a new study from MetLife Legal Plans found the interest for legal services is on the rise. According to MetLife’s Legal Access Study, more than two-thirds of today’s employees (67%) have faced a legal situation in the past five years—this is particularly true of those in marginalized and low-income groups.

Each year, there are nearly 25,000 employment lawsuits filed in the U.S. and the majority of cases settle out of court before ever going to trial.1 When an employment matter, such as wrongful termination, discrimination, harassment, or other claim, is settled out of court and an employee recovers damages, they may have the option to receive the money in a lump sum or a structured settlement. While a lump sum may seem attractive, MetLife’s 2023 Structured Settlements Poll, released today, found 81% of plaintiff attorneys are concerned that their clients will deplete their settlement award lump sums too quickly, despite 66% believing their clients are financially savvy.

MetLife (NYSE: MET), a leading provider of disability and absence management services, and Lyra Health, a leader in global workforce mental health solutions, today announced a new initiative to provide employees with access to mental health services as part of their recovery when they file a disability or absence claim.

To celebrate Pet Appreciation Week, and help pet parents better manage their loved one’s health and wellness, MetLife Pet Insurance announced today the availability of its newly enhanced MetLife Pet mobile app. From helping make confident decisions for pet care to receiving valuable personalized content, this enhanced app offers an ecosystem of information to navigate lifelong pet health and wellness, all in one easily accessible place.

MetLife, along with the New York Giants and New York Jets, has kicked off online auctions to support programs that help students better prepare for their futures. As part of MetLife’s “Inside the Huddle” initiative, the auctions will help raise funds to benefit Year Up New York | New Jersey and the New York City Police (NYPD) Foundation’s Far Rockaway Giants and Harlem Giants.

While the majority of today’s workforce prefers remote work1 over going to the office, MetLife’s annual open enrollment survey found location may impact much more than just the daily commute.

MetLife is teaming up with the New York Jets and New York Giants to support programs that help students develop and succeed. As part of its “Inside the Huddle” initiative, MetLife will raise awareness and funds for Year Up New York | New Jersey and the New York City Police Foundation’s Far Rockaway Giants, and the Harlem Giants.

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced it originated $9.2 billion in private placement debt and private structured credit for the first half of 2022 across 137 transactions. This was a record for MIM and included $2.3 billion of investments originated on behalf of unaffiliated institutional clients. MIM’s total private placement assets under management stood at $90.5 billion as of June 30, 2022.1

MetLife and Haas School of Business, University of California, Berkeley, today announced that MetLife has sponsored the Cleantech to Market (C2M) accelerator program. MetLife is providing financial support for the school’s 2022 C2M program, which creates and coaches interdisciplinary teams of Berkeley graduate students to assist entrepreneurs from across the country in commercializing the most promising climate tech innovations. MetLife will also award Climate Solution prizes to the top three teams during C2M’s Annual Climate Tech Summit in early December. The monetary prizes will support the growth of the winning teams’ solutions.

MetLife announced today that the company’s Global Technology and Operations (GTO) organization is doubling down on hiring in the Research Triangle area of North Carolina. This announcement demonstrates MetLife’s commitment to transforming the global insurance industry by building solutions that allow the company to engage with its customers, how, when and where they want, as well as its dedication to the state of North Carolina.

MetLife Foundation today announced a strategy aimed at driving inclusive economic mobility by addressing the needs of underserved and underrepresented communities around the globe. This multi-pronged strategy builds upon MetLife’s 2030 Diversity, Equity and Inclusion Commitments, through which the Foundation pledged $150 million in funding and MetLife pledged 800,000 employee volunteer hours in support of historically marginalized individuals and their families between 2021 and 2030.

MetLife’s annual Sustainability Report, released today, showcases how the company continues to integrate sustainability across its operations, including through its 2030 climate and 2030 diversity, equity and inclusion (DEI) commitments.

MetLife Pet Insurance is introducing an exciting new rewards program – in partnership with LifeBalance, a discount network for employees and health plan members – to provide pet parents access to discounts and offers on pet care essentials. Pet parents are spending more than $4,500 annually on pet care, according to MetLife and OnePoll research1. In fact, the same research shows that more than half of pet parents today worry about their pet’s health more than their own.

MetLife Pet Insurance1 announced today it has contributed $500,000 to its premier animal rescue shelter partners across the U.S. as part of its ongoing commitment that helps shelters with operational and care costs. Overall, animal rescue shelters have facilitated more than 2 million adoptions of dogs and cats2 since last spring, sparking a need for additional resources.

Nearly 12 million households2 brought a new pet home during the pandemic, including more than 2 million adoptions of dogs and cats from animal shelters3, yet one in five pet parents say they are financially unprepared when it comes to managing veterinary expenses4. Today, MetLife introduces a new, innovative pet insurance5 offering helping pet parents better manage both the expected and unexpected financial stress that comes with the joys of pet parenthood.

In its annual Sustainability Report, released today, MetLife highlights its commitment to originating $500 million in new impact investments by 2030. In addition to allocating 25% of this commitment to addressing climate change, MetLife will focus on promoting the financial health of underserved people, which includes advancing racial and gender equity in low-income and ethnically diverse communities.

After six years of successfully leading MetLife’s operation in Mexico – the company’s third-largest global operation – Sofía Belmar-Berumen will be taking a new regional role as Head of Business Development and Transformation, Latin America.