Startup Boundlss is an AI Health Platform for Life Insurance Professionals
Alyson Wyers — January 29, 2018 — Lifestyle
Based in Australia, this AI health startup is aiming to transform the health and life insurance industry by changing the way insurers communicate with people. Boundlss is a new health care and life insurance venture that combines an artificial intelligence-powered health assistant with a conversational platform.
The AI health care services company wants to help insurers "attract, reward and retain healthy members, and understand and improve member health." Rather than focusing on illness and claims, the idea is to elevate and improve health and happiness. This approach scales preventative health and reduce insurance claims, while also costing significantly less than other wellness or traditional health programs. There is also a data and analytics component, using real-time stats to enable insurers to offer better suited services and products to members.
The AI health care services company wants to help insurers "attract, reward and retain healthy members, and understand and improve member health." Rather than focusing on illness and claims, the idea is to elevate and improve health and happiness. This approach scales preventative health and reduce insurance claims, while also costing significantly less than other wellness or traditional health programs. There is also a data and analytics component, using real-time stats to enable insurers to offer better suited services and products to members.
Trend Themes
1. AI Health Assistants for Insurers - The use of AI health assistants in the insurance industry could disrupt traditional health programs and reduce insurance claims.
2. Preventative Health Programs - Shifting focus to preventative health programs could improve member health, reduce insurance claims, and provide cost savings over traditional healthcare programs.
3. Real-time Data and Analytics - The incorporation of real-time data and analytics in healthcare services could enable insurers to personalize their services and products for members and improve the customer experience.
Industry Implications
1. Health Insurance - The use of AI-powered health assistants and real-time data and analytics could transform the health insurance industry by improving the customer experience and reducing costs.
2. Life Insurance - The use of preventative health programs could provide life insurance professionals with a new way to attract and retain healthier customers and reduce payouts.
3. Healthcare Technology - The development of conversational platforms and AI health assistants has opened up new opportunities in the healthcare technology industry, with potential to disrupt traditional healthcare programs.
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