SCOR Life & Health Ventures, a division of the France-headquartered reinsurer, has invested in health data consolidation platform HumanAPI as SCOR Global Life looks for ways to streamline the life insurance underwriting process.
HumanAPI is a San Francisco-based company that allows a consumer to centralise and share their health data (from sources like medical records, pharmacy data, lab results or wearable device data) with healthcare providers and insurance carriers.
“SCOR Global Life seeks to extend protection and peace of mind and to make life insurance more accessible, relevant and desirable to consumers.”
“We look to build solutions with our insurance clients that enable them to provide their customers with a simpler, faster buying experience” said Brona Magee, Deputy Chief Executive Officer of SCOR Global Life.
SCOR believes this approach can improve patient safety and manage costs through replacing medical exams and improving underwriting models.
“This partnership with Human API supports our efforts to accelerate the underwriting process through electronic health data and automated decision making,” added Magee.
“Human API is in a unique position to transform health data exchange and create innovation opportunities across the healthcare and insurance ecosystem.”
