Scor Global Life, the international life and health subsidiary of French reinsurer Scor, has partnered with wearable technology provider Garmin Health in Asia Pacific to improve its underwriting insights and promote better lifestyle choices for consumers.
Through this collaboration Scor intends to enhance its Biological Age Model (BAM), which was launched last year, by analysing health metrics generated by Garmin wearables.
BAM offers policyholders whose biological age is lower than their chronological age incentives such as premium discounts, health and wellness coaching, and rewards.
Scor explained that the partnership with Garmin would allow it to build a more accurate assessment of an individual’s biological age, minimising their risk and purchase cycles while delivering competitive pricing.
Vincent Lepez, Asia-Pacific deputy CEO at Scor Global Life commented: “We are excited about the Garmin collaboration as it underscores the real value of BAM by a leader in the wearables industry,”
“We are starting the year strong with two project launches, one in China (JD China) and one in Malaysia (Hong Leong Assurance), and we will be continuing this momentum in the coming months by bringing more BAM and Garmin products into several markets across the region. Our unwavering commitment to enhancing BAM mirrors our passion to help people lead healthier lives.”
Joern Watzke, director global business development at Garmin Health, added: “Combining the health data from Garmin wearables with the analytical capabilities of BAM creates a powerful solution for both insurance companies and their customers.”
