One Drop to work with SCOR and Bayer on life insurance products
One Drop, a digital solutions provider for people living with diabetes and other chronic conditions, announced that global partner, Bayer, and SCOR , the fourth-largest global reinsurer, will work to bring One Drop’s AI-powered digital health platform to life insurance carriers and policyholders across the United States.
The partners will develop a customized life insurance solution that pairs SCOR’s VELOGICA with One Drop’s evidence-based holistic health programs – delivered entirely through the mobile app. For people living with diabetes and other chronic conditions, One Drop provides a preventative self-care solution by combining asynchronous coaching, health data tracking, and AI-powered health predictions that provide the right interventions at the right times.
“Aligning the power of proactive prevention with those having incentives to drive long term health is crucial to advancing preventative care versus expensive reactive care. Working together with SCOR and Bayer represents an exciting opportunity to bring our expertise to even more people and advance our mission of transforming health, changing lives, and creating new opportunities for everyone.” – Jeff Dachis, One Drop CEO and founder.
“Bringing together our know-how with that of SCOR and One Drop is an important milestone in Bayer’s strategic pursuit to build new and innovative digital business models. Data-based approaches that focus on the person, not the disease, empower them to effectively influence their healthcare to an unprecedented extent.” – Jeanne Kehren, Head of Digital and Commercial Innovation and Member of the Executive Committee of Bayer Pharma.
“We are excited to bring the latest state-of-the art digital diabetes management functionality to our life insurance clients and their policyholders, empowering policyholders to manage their chronic conditions efficiently. Research suggests that 29.1 million people in the United States have diabetes and around 1.4 million new cases are diagnosed every year. We believe that empowering patients to manage their chronic conditions can both improve lives and help make life insurance more accessible, thereby providing peace of mind.” – Brona Magee, Deputy CEO of SCOR Global Life.