Swiss Re, Diameter Health to improve the processing of digital health data
Swiss Re and Diameter Health join forces to offer scalable solution to use electronic clinical health data for life insurance underwriting.
Diameter Health’s Fusion data-refinement technology allows to normalize, enrich and reorganize health data and provide a consolidated, secure view of a patient. “By pairing this technology with Swiss Re’s risk knowledge and underwriting expertise, Swiss Re can now deploy clinical health data across a variety of innovative use cases that make way for faster, less expensive and more accurate underwriting and pricing. This information also helps insurers speed the time from application to issue, which helps keep costs down and strengthens a fair underwriting process for all – ultimately making insurance more accessible.”
“Being able to accurately use electronic health record data is one of the biggest challenges for Swiss Re’s clients. This urgency certainly increased due to the COVID-19 pandemic which magnified the difficulties of collecting physical medical records from doctor’s offices or through intrusive home visits. By combining Swiss Re’s risk knowledge with Diameter Health’s technology, we cut through complexity and can offer a range of innovative options that enable our clients to use clinical data to effectively assess and confidently price biometric risk. Until now no one has been able to use clinical data in this way. The partnership with Diameter Health leapfrogs our ability to help insurers innovate without sacrificing strong, confident risk assessment.” – Jolee Crosby, Head of Swiss Re’s Global L&H Underwriting and Medical Reinsurance.
“We are proud to partner with Swiss Re in its work to make the world more resilient. Our health data optimization technology will enable Swiss Re to transform rapidly growing volumes of raw digital health data into a strategic asset. We look forward to working together to apply this data to make a meaningful difference for insurers and the people who seek to purchase insurance.” – Eric Rosow, CEO of Diameter Health.
The joint effort begins in the US.