Swiss Re Joins Long List of Insurers Targeting People With Type 2 Diabetes
Swiss Re is partnering with Mumbai-based Wellthy Therapeutics to develop better insurance offerings for folks with Type 2 Diabetes in India . Established in 2015, Wellthy is known for its Diabetes Reversal Program. It leverages AI to help users manage their weight, and live a healthier, more active lifestyle. At one point the company conducted a clinical study that proved that in as little as 16 weeks, most patients saw improvements in blood sugar control, while reducing or eliminating medications, and lost weight.
Also, Wellthy was recently selected by Swiss Re’s InsurTech Accelerator program to take part in its second cohort. Bottom Line: there are quite a few insurers exploring ways in which they can offer better, more affordable coverage, as well as preventative tools to people living with diabetes . Examples: (1) Prudential Hong Kong is collaborating with myDNA Pro to provide select policyholders access to DNA-based health assessments that can offer insight to those living with Type 2 Diabetes, high blood pressure or high cholesterol. (2) South African life insurance distributor, AllLife, has recently announced a partnership with Royal London and Gen Re to provide affordable coverage to folks living with diabetes. (3) Aviva and Munich Re are just two examples of insurers that offer wellness apps to provide policyholders tools to manage their weight and diabetes.