A South African insurtech backed by Warren Buffett is launching a specialist diabetes product in the UK . AllLife has teamed up with Royal London and Gen Re , part of Buffett 's Berkshire Hathaway group , on a life insurance product for diabetics . It uses an algorithmic pricing platform to pull together a large amount of medical data , allowing the company to automate a lot of processes that life insurance companies do manually . The platform will also let companies adjust premiums based on user behaviour . Policies will be underwritten by Royal London and reinsured by Gen Re .
A South African insurtech backed by Warren Buffett is launching a specialist diabetes product in the UK. AllLife has teamed up with Royal London and Gen Re, part of Buffett's Berkshire Hathaway group, on a life insurance service for diabetics. It uses an algorithmic pricing platform to pull together a large amount of medical data, allowing the company to automate a lot of processes that life insurance firms do manually. The platform will also let AllLife adjust premiums based on user behaviour. Policies will be underwritten by Royal London and reinsured by Gen Re.