Using Wearable Data to Empower Healthier Lives
Health is the new Wealth
Customers today are more digitally-enabled, more health conscious and more demanding of customized products and services that offer greater freedom and flexibility.
The insurance industry however often fails to keep pace, and consumers can face multiple pain points in their insurance journey:
- Despite the global trend towards health, consumers are rarely incentivized to improve their lifestyle and they are provided only limited advice on how to do so.
- Devices that are already a part of our day to day lives (such as wearables) are underutilized and not achieving their full potential to engage.
- Single point underwriting pays little attention to consumers’ lifestyle and wellbeing after the underwriting is complete.
- Underwriting processes can be tedious and overwhelming, giving little consideration to the customer experience.
A wellness solution backed by science and technology
At SCOR Global Life, we are passionate about finding solutions that empower consumers to live healthier lives. With the growing adoption of wearable devices and technology, we uncovered the ability to use real‐time data to underwrite and to empower consumers to make informed lifestyle choices. BAM leverages wearable data to compute a person’s Biological Age. Based on over 20 years of clinical data, BAM sets itself apart in being an evidence‐based model for both mortality and critical illness risks.