HRV and it’s accessibility
HRV, or Heart Rate Variability, is a very relevant tool for insurers during the underwriting process. By measuring HRV, insurers can obtain objective and quantitative data that provides valuable information about an individual’s health and well-being. This data can be used to assess an individual’s risk of developing cardiovascular disease, and to determine the appropriate level of insurance coverage and premiums.
Traditional underwriting methods, such as questionnaires and physical exams, can be subjective and prone to error. By contrast, HRV can be measured easily and non-invasively, using wearable devices or other technologies. This makes it convenient and cost-effective for insurers and applicants alike.
In addition to providing more accurate and reliable information, HRV can also help insurers identify individuals who are at an increased risk of developing cardiovascular disease. Cardiovascular disease is a leading cause of death and disability worldwide, killing nearly 18 million people per year, therefore being a major concern for insurers. By measuring HRV, insurers can identify individuals who are at an increased risk of developing cardiovascular disease, and provide them with the appropriate level of insurance coverage and premiums.
HRV during underwriting
Using HRV during the underwriting process can also help insurers improve the customer experience. By providing more accurate and personalized information, insurers can offer applicants a tailored insurance experience that builds trust and loyalty. This can improve customer satisfaction and retention, and reduce the risk of errors and disputes.
Vastmindz technologies specializes in extracting HRV metrics remotely using a mobile phone, minimizing the time and effort required to provide this information to the underwriting process. By utilizing HRV and other innovative technologies, insurers can make more informed and accurate decisions, and provide better protection for both themselves and their customers.