Qumata

Rectangle Improving underwriting with AI
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Year of Investment

2021

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Investment Status

Current

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Website

www.qumata.com

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Investment Lead

Oliver Richards

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Setting a new standard for life and health insurance underwriting.

Qumata (formerly known as HealthyHealth) has a mission to revolutionise the insurance risk industry by making assessments easier for life and health insurers.

Qumata use digital data to calculate the risk of diagnosis for over 800 conditions, saving applicants hours filling out long questionnaires or visiting the doctor. Qumata’s products unlock insights into an individual’s current and future risks for anyone equipped with a smartphone.

Their API-based solution integrates into insurers’ servers and is used by life and health insurers worldwide to help them create a faster, cheaper, and more customer-centric underwriting journey. Qumata has in-house expertise from the fields of data science, actuarial science, insurance underwriting, healthcare and software engineering.