Huami Technology and DHAC Life Launch Industry-First Wearable-Based Critical Illness Insurance Product

As smart wearable devices become increasingly prevalent, their integration with the big data ecosystem of wearable health technology has emerged as a new trend in the innovative development of health insurance. Recently, Huami Technology and Dehua Ansheng Life Insurance announced a formal strategic partnership, jointly launching the industry’s first health insurance product based on smart wearable technology and health management services: “Barnard Premium Health Edition.” Guided by the “Healthy China” strategy and aiming to enhance public health protection, both parties will continue to explore new models for empowering health insurance through technology.

This innovative product offers comprehensive critical illness coverage by leveraging big data from smart wearable devices. With the customer’s full authorization, it utilizes smart wearables to monitor health metrics in real time, conducts regular health score assessments, and helps customers develop healthy lifestyle habits through targeted health promotion programs. As customers’ health conditions improve and their health scores rise, they become eligible for higher insurance coverage amounts.

It is reported that the two parties will achieve in-depth cooperation in multiple areas, including health monitoring and intelligent early warning, intelligent analysis of customer behavior, health management for group clients, and visualized remote training. Huami Technology stated that the company possesses numerous self-developed intelligent algorithms and vast amounts of health big data, enabling it to provide insurance clients with services such as “health indicator monitoring,” “health education,” and “exercise management,” thereby achieving early monitoring, early intervention, and early prevention, which can both helpIt helps users improve product experience and health status, while also assisting insurance companies in reducing claims risk.

“The relationship between technology and insurance has evolved from disruption to empowerment, and now to integration,” said Yin Xiaosong, Managing Director of DVA Life Insurance. Currently, the health insurance industry is transitioning from an extensive development model characterized by heavy marketing and poor customer experience to a refined, data- and technology-driven model centered on customer experience. Huami’s strategic positioning of “Technology Connecting Health” aligns closely with DVA’s strategic direction of linking health and leveraging technology for empowerment. Seizing this opportunity, both parties can deepen their collaboration in areas such as insurance product development, data analytics, customer health management, and digital literacy training for employees. Together, they will drive continuous innovation in product diversification, intelligent operational services, and precision health management.

Huami Technology is a global leader in smart wearables and health cloud services. It currently owns two proprietary brands, Amazfit and Zepp, and has initially established a comprehensive health and fitness ecosystem. This ecosystem includes the Zepp Health Management Platform; wearable devices such as smart bands, smartwatches, and sports earphones; and sports- and health-related products including treadmills, weighing scales, body fat scales, and footwear and apparel accessories. Huami’s smart devices are currently available in more than 70 countries and regions worldwide, with cumulative global shipments exceeding 170 million units (as of March 31, 2021).

Dehua-Generali Life Insurance is a national life insurance company jointly established by Shandong State-owned Assets Investment Holding Co., Ltd., Generali Group AG, and Generali Lebensversicherung AG. Generali Group is one of the world’s leading insurance groups and is affiliated with Munich Re Group, a Fortune Global 500 company and a global leader in reinsurance and risk solutions.

In the future, intelligent wearable technology and health big data will powerfully drive the health industry to expand gradually from diagnosis and treatment into areas such as risk prevention, health management, and rehabilitation management. Huami Technology stated that the company will continue to deepen its engagement in insurance technology innovation, collaborating with multiple partners to explore new products and models featuring “insurance + intelligent wearables + health management services,” thereby facilitating the strategic transformation of the insurance industry.