Qumata

Qumata is a life and health insurance underwriting company that utilizes digital data (obtained through mobile and wearable devices to understand personal health and well-being) to calculate diagnostic risks for over 800 conditions, as well as additional mortality and morbidity, saving applicants the time required to fill out lengthy questionnaires or visit doctors. The company’s API solution is integrated by insurers across multiple distribution channels, from tied agents to independent brokers and online platforms. This solution allows life and health insurance applicants to share their digital health data without having to complete time-consuming surveys or undergo invasive medical examinations. Once consent is provided, the applicant's data is analyzed to predict the risk of developing hundreds of diseases and assess the "extra mortality" and "extra morbidity" risks typically evaluated by insurers to determine commercial premium rates.