Sproutt Insurance is introducing the next generation of life insurance by using artificial intelligence to match people with the best life insurance providers and policy. The Quality of Life Index considers data and insights to reward people for living healthy, well-balanced lives. According to Sproutt CEO and co-founder Yoav Shaham, "Sproutt ensures that people who make positive lifestyle choices that improves their longevity are supported and rewarded with the best policies, and that they adopt these good behaviors, as it means that we all will have increasingly less expenses."
While there are life insurance providers that punish negative lifestyle choices such as smoking, Sproutt challenged itself to create a new model to measure one's quality of life, leverage the data consumers are collecting about their personal health and assess it with Gaia, the Guided Artificial Intelligence Assessment technology.
AI Life Insurance Policies
Sproutt Insurance Uses AI to Match People to a Policy
Trend Themes
1. AI-assisted Insurance Matching - The use of artificial intelligence to match individuals with the best insurance policies based on personal data and health records presents an opportunity for insurance companies to increase customer satisfaction and retention rates.
2. Quality of Life Index - The integration of a quality of life index in life insurance policies provides incentives for policyholders to make healthier lifestyle choices, presenting opportunities for companies to offer personalized and innovative policies.
3. Guided Artificial Intelligence Assessment Technology - The integration of Gaia in insurance assessments presents opportunities for companies to provide more accurate and personalized policy recommendations for customers.
Industry Implications
1. Insurance - The use of artificial intelligence and data analysis in the insurance industry can help companies optimize customer satisfaction, expand their customer base, and provide personalized services.
2. Health and Wellness - The integration of quality of life indices and personalized recommendations for healthy lifestyle choices can create opportunities for companies in the health and wellness industry to collaborate with insurance providers to offer personalized health plans.
3. Technology - The use of guided artificial intelligence assessment technology in insurance assessments presents opportunities for tech companies to provide innovative solutions and partner with insurance providers for increased profit and visibility.