SCOR Global Life and Garmin Health have joined forces to improve SCOR’s Asia Pacific (APAC) underwriting operation. The wearable technology company will back the insurance firm’s Global Life Asia-Pacific (BAM) to increase the biometric data in its algorithm and improve underwriting insights. The partnership will allow SCOR to improve its assessment of an individual’s biological age to reduce risks and costs. Clients whose biological age is lower than their chronological age will be offered rewards and incentives. The deal is expected to make BAM more adaptable to various markets in the APAC region.
SCOR Global Life and Garmin Health have joined forces to improve SCOR’s Asia Pacific (APAC) underwriting operation. The wearable technology company will back the insurance firm’s Biological Age Model (BAM) to increase the biometric data in its algorithm and improve underwriting insights. The partnership will allow SCOR to improve its assessment of an individual’s biological age to reduce risks and costs. Clients whose biological age is lower than their chronological age will be offered rewards and incentives. The deal is expected to make BAM more adaptable to various markets in the APAC region.