In the fast-paced world of digital transformation, strategic collaborations are the key to innovation and growth. We are thrilled to announce that Vastmindz, a leading AI company focused on remote health screening with a camera, is joining forces with Gen Re, a global leader in reinsurance solutions.
Vastmindz is renowned for its non-invasive diagnostic software that collects vital signs with high levels of accuracy using any device with an embedded camera. This technology can gather crucial data such as heart rate, respiratory rate, and blood pressure in less than 40 second and its this data that can be used to supplement or reduce application form questions.
The implications of this technology for insurance underwriting are significant. Traditionally, underwriting involves a lengthy process of risk assessment, often requiring medical examinations or detailed health questionnaires. With Vastmindz’s technology, insurers can streamline this process, efficiently assessing policyholders’ health and wellness while providing personalised, data-driven insights to promote healthier lifestyles. This innovative approach to health tracking enables insurers to mitigate risks, streamline underwriting processes, and ultimately, reduce claim costs.
This strategic collaboration with Gen Re will enable us to leverage our innovative technology to create digital solutions across the insurance value chain. Together, we aim to modernise, digitise, and innovate, providing our clients with unparalleled service and solutions.
We are proud to note that Vastmindz was named the 2022 Microsoft for Start-ups “Partner of the Year”. This recognition further solidifies our commitment to excellence and innovation in the healthtech industry.
Stay tuned for more updates on this exciting collaboration and the innovative solutions it will bring to the insurance industry.
Further details can be seen at this link https://www.genre.com/gl/lifehealth/digital-solutions
Nikhil Sehgal
