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 . Beerman says the company can intervene in people’s health, from medication to physical activities. 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 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 .