A word with FitSense CEO
“Our initial thought was to use the new data directly for underwriting purposes, but most of the companies we talked to are not yet ready for this, and therefore see our proposition as more suitable for increasing client engagement in a first step” – CEO of FitSense Jan-Philipp Kruip on insurers’ lack of willingness to use new data in Underwriting. Recall: FitSense is a platform that aggregates data from a wide variety of smartphones and wearable devices to later provide a risk score. Bottom Line: FitSense and Munich Re, sitting in a tree…assessing potential offerings in the life insurance space.
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