Insurance - San Francisco, California, United States
InsurTech StartUpThere is a strong demand for quick and easy access to financial and insurance products via mobile channels. Modern financial services' approach requires taking into account personal characteristics and preference of the client, however the weakest point in the overall risk evaluation is to determine the health status of the client at the moment of first interaction. Insurers take on long-term liabilities but they are unable to monitor the dynamic of the health status of insured client base.We provide a health score in the format of an estimation of biological age using data of movement patterns. The smartphone automatically accumulates data on step count that allows us to make instant assessments and track the dynamics of one's biological age.Comparing of the chronological and biological age could be an indicator of one's health status. Such method can help insurers to validate risk using new type of data.