SCOR and HealthyHealth Group, a company focused on the speed, accuracy, and cost of digital Life and Health underwriting, are partnering to build the future of the digital underwriting process by designing products and solutions that use digital health data to provide instant underwriting decisions to customers.

Leveraging SCOR’s underwriting and risk expertise and HealthyHealth’s proven technology, this partnership brings innovative solutions to SCOR’s insurer clients, enabling them to make more rapid, data-driven, approval decisions. In line with SCOR’s goal of protecting people and societies through the expansion of Life insurance coverage, this partnership will help insurers transform their underwriting processes, freeing up time for them to support clients with more complicated backgrounds, and to do so with enhanced information.

Transforming data into knowledge, HealthyHealth’s solution analyses health data from smartphones and wearables, shared with insurers by Life insurance applicants, to predict applicants’ risk of developing critical medical conditions and to assess ‘extra-mortality’ and ‘extra-morbidity’ risks. With insurers embracing digital innovation, HealthyHealth’s technology further optimizes, and may ultimately replace, the traditional underwriting journey. Across several regions, insurers are already seeing the benefits of shortening medical questionnaires and adopting fluidless underwriting protocols, enjoying valuable gains in time, lower costs, higher conversion rates, and better underwriting outcomes.

This collaboration will be rolled out worldwide, and SCOR looks forward to deepening its work with HealthyHealth to bring this solution to more markets and consumers around the world.

“This is an exciting time in the evolution of Life & Health insurance underwriting, and we believe there are tangible benefits for customers in this trend of using digital health records to transform the underwriting journey,” adds Gavin Maguire, Head of Innovation at SCOR Global Life UK & Ireland, who views this as a great opportunity to develop the Life and Health insurance products of the future. “HealthyHealth has developed a slick end-to-end process that is intuitive and easy, leading to quicker underwriting decisions that is beneficial and important to our clients.”

"We are excited to work with SCOR on revolutionizing the way insurers underwrite,” adds Luca Schnettler, Group CEO at HealthyHealth. "SCOR’s backing as a globally respected and leading reinsurer will help us, together, to move towards a more cost effective, frictionless customer journey.”

About SCOR:

SCOR, the world’s fourth largest reinsurer, offers its clients a diversified and innovative range of solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society.
SCOR offers its clients an optimal level of security with its AA- rating or equivalent from S&P, Moody’s, Fitch and AM Best. The Group generated premiums of more than EUR 16 billion in 2020, and serves clients in more than 160 countries from its 36 offices worldwide. 

About HealthyHealth:

HealthyHealth is building a new Standard for Life and Health Insurance Underwriting. We use digital data to calculate the risk of diagnosis for over 800 conditions, along with Extra Mortalities and Morbidities, saving applicants hours filling out long questionnaires or visiting the doctor.

For more information, visit www.healthyhealth.com