SCOR partners with wearable tech provider in Asia Pacific to improve underwriting
SCOR Global Life, the international life and health subsidiary of French reinsurer SCOR, has partnered with wearable technology provider Garmin Health in Asia Pacific to improve its underwriting.
Through this collaboration, SCOR intends to enhance its , which was launched last year, by analysing health metrics generated by Garmin wearables.
SCOR said it will enable insurers to have a more accurate assessment of an individual’s biological age, minimising their risk and purchase cycles while delivering competitive pricing.
The collaboration will also boost BAM’s adaptability for diverse markets and help SCOR Global Life pave the way for the future of continuous underwriting.
“We are excited about the Garmin collaboration as it underscores the real value of BAM by a leader in the wearables industry,” said Vincent Lepez, Asia-Pacific deputy CEO at SCOR Global Life. “We are starting the year strong with two project launches, one in China (JD China) and one in Malaysia (Hong Leong Assurance), and we will be continuing this momentum in the coming months by bringing more BAM and Garmin products into several markets across the region. Our unwavering commitment to enhancing BAM mirrors our passion to help people lead healthier lives.”
Joern Watzke, director global business development at Garmin Health, added: “Combining the health data from Garmin wearables with the analytical capabilities of BAM creates a powerful solution for both insurance companies and their customers.”
