Solutions
Careers
Insights
About
FAQ
Solutions
Careers
Insights
About
FAQ
The Applicant Journey
How
Give your customers a great underwriting experience. With Qumata, the entire underwriting process can be completed in just 3 minutes.
STEP 01
Collecting Existing Digital Data
Qumata collects, at a minimum, steps but can also use other digital data, such as physical activity heart rate or other variables from applicants’ smartphones, health tracking apps, wearable devices and other input sources securely and with full consent. For insurers that already have data on their customers, this step can be skipped and customers data can be shared directly, if consent has been provided.
STEP 02
Calculating an Accurate Risk Profile
Our unique, proprietary algorithm takes this digital data and accurately calculates the risk of diagnosis, extra-mortality, extra-morbidity and other parameters for any individual and for 800 medical conditions. With Qumata, there’s no need for lengthy questionnaires, medical examinations or requests for GP reports.
STEP 03
Translating the Risk Profile for your Objectives
The risk profile can be translated into the relevant overall extra mortality or extra morbidity values to fit the insurer's existing pricing tables and products. We can make adjustments according to different product lines and unique requirements.
We currently support a range of products including Life, CI, Medical among others.
