EMC receives innovation award from Silicon Valley’s Plug and Play

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EMC Insurance Cos. received the Insurtech Corporate Innovation Award from Plug and Play during its Winter Summit held Tuesday in Silicon Valley. Plug and Play is a global innovation platform that connects startups and corporations. The Des Moines-based insurance group launched 17 pilots or proofs of concepts in 2019. Of those, several progressed to commercial agreements. EMC has plans for more pilots and commercial agreements in 2020. Additionally, EMC invested in five companies in 2019. “We are honored by this award as it speaks volumes about the culture of innovation we’ve established at EMC,” said Scott Jean, EMC executive vice president for finance and strategy. “We’re doing industry-leading work and engaging our entire organization in the journey.”