Transforming Life & Health Insurance Underwriting & Customer Engagement
Aging clocks are becoming a valuable tool in the insurance industry, offering deeper insights into the risk of age-related health issues. By utilizing these advanced technologies, insurance companies can better assess and predict health risks, improving both policy accuracy and customer outcomes.
Key types of aging clocks relevant to insurers include:
Blood Age Clock: Analyze blood biomarkers linked to aging, highlighting anomalies, and offering corrective action recommendations.
Mind Age Clock: Assess mental well-being and resilience, creating a psychological profile across various well-being parameters. Personalized recommendations are then provided to enhance mental health and resilience.
By leveraging aging clocks, insurance companies can better understand individual health risks, allowing for more accurate risk assessments, tailored policies, and proactive interventions that align with client needs. This data-driven approach can significantly improve underwriting accuracy, customer engagement and client satisfaction.
Biological Age prediction for underwriting
Deep Longevity provides advanced aging clocks to calculate Biological Age, enabling Health and Life Insurance companies to improve risk assessment and underwriting accuracy as well as provide an opportunity towards creating unique customer engagement.
Improve risk assessment
The rate of human aging is closely tied to overall health, which significantly impacts the risk of adverse events and mortality.
Integrating aging clocks into actuarial models enhances risk prediction and improves accuracy in assessing long-term health outcomes.
Blood Age clocks
Enhance accuracy and personalization in underwriting with Blood Age, our most extensively used aging clock. By analyzing 54 key biomarkers, Blood Age offers a comprehensive view of the aging process.
For insurers, Blood Age provides a concrete and actionable risk measure that can replace chronological age with all health condition analysis in underwriting, leading to more precise assessments and tailored policies.
Mind Age clocks
Insurance companies can enhance the mental health and well-being of both employees and customers using Deep Longevity’s Mind Age clock, well-being report, and AI-driven recommendations.
Our research shows that poor psychological state accelerates the aging process, surpassing even the harmful effects of smoking. Addressing mental health can significantly improve long-term health outcomes and reduce associated risks.
Continuous Underwriting
Continuous underwriting is rapidly becoming a reality as customer data from wearables and other non-intrusive sources becomes more accessible, allowing insurers to offer individualized policies.
The key challenge for the insurance industry lies in synthesizing a wide range of health metrics into a unified model that can accurately identify individual risks and incorporate them into personalized underwriting for customized plans.
The Blood Age clock simplifies this process by quantifying overall health into a single, actionable number while highlighting the risks associated with accelerated aging.
Technology
Seamless API integration allows insurers to incorporate our technology into their existing app infrastructure, offering a fully customizable white-label solution.