qumata

With increasing levels of data available about individual health and wellbeing through mobile devices and wearables, there is a rich universe of insight that insurers can gain on the lifestyle and health of applicants, thereby enabling an easier and more convenient buying process. The API solution can replace traditional questionnaires, and lets insurers experience higher conversion rates, more accurate risk selection, and cheaper and automated underwriting.

The company is accelerating its global expansion after launching the product commercially with multiple large, listed insurers in Europe, Asia Pacific, the UK and North America. qumata is well placed to bring much-needed transformation to traditional life and health insurance underwriting, with a genuinely innovative data science-led solution that is unique in the market.