Innovative life insurance startup Haven Life and SaaS provider Montoux announce partnership
NEW YORK CITY (August 31, 2017) - Montoux, an insurance SaaS provider, has today announced a strategic partnership with innovative online life insurance agency Haven Life. Following Montoux’s success with prominent insurers recently in the Asia-Pacific region, the company is excited to now be launching their actuarial pricing and optimization platform in the United States.
As an early adopter, Haven Life is helping to localize Montoux’s software for the US market. Backed and wholly owned by MassMutual, a leading insurer founded more than 160 years ago, Haven Life is able to offer customers the long-view confidence of a financially secure insurer while also providing a new, streamlined approach to purchasing a life insurance policy. As such a forward thinker and recognized industry leader, Haven Life is extremely well aligned with Montoux’s vision and values.
Montoux spent 12 months researching its entry into the US market, and determined that partnering with a life carrier or agency was the best approach to ensure their product would serve the local market. Montoux’s CEO of North America Geoffrey Keast says “Haven Life has been recognized as an innovator in a traditional industry and with the backing of MassMutual is an ideal partner to go on our journey with.”
Keast believes having Haven Life on board will have a positive impact on the growth of Montoux’s product and services amongst other leading insurers in the US. “Bringing a new actuarial platform into the largest single life insurance market in the world is a mammoth undertaking. With Haven Life as our partner, we know we are building something that will serve the life insurance community now and in the future, something that current platforms struggle with today.”
“Maintaining affordability is key to success in the life insurance space,” said Yaron Ben-Zvi, CEO and Co-Founder of Haven Life. “Montoux’s software enables us to better analyze the pricing of our product so we can continue to offer competitive rates to every customer.”
Montoux’s pricing software enables businesses like Haven Life to use actuarial insights to their maximum advantage, optimizing pricing and enabling the significant increase of speed to market. The platform will be showcased during the upcoming 2017 Society of Actuaries Annual Conference, October 15-18 at the Hynes Convention Center in Boston, MA.
For more information on Haven Life visit Havenlife.com