Health IQ Secures $34.6 Million In Series C Funding Led By Andreessen Horowitz
Health IQ is making life insurance fair by unlocking the value of health consciousness for the 50 million Americans who take responsibility for their health. Health IQ is doing this by delivering better rates and better underwriting for these health conscious individuals. These not only include runners, cyclists, swimmers and vegans, but also people who have a chronic disease but manage it well such as diabetes. While Health IQ works with over 30 carriers to get the best market rate, it has closely partnered with innovative life insurance carriers SBLI,
"We believe the best way to change the world's health is to celebrate the health conscious rather than harass the people who aren't," said
The company offers products issued by SBLI,
Health IQ spent years gathering the science and big data to prove that the health conscious deserve lower rates. The data included detailed review of evidence based, peer reviewed medical and epidemiological research that showed, for example, that persistent runners have a 50 percent lower risk of cardiovascular mortality1, vegetarians have a 22 percent lower risk of colorectal cancer incidence2, and higher muscular strength is associated with a 30 percent lower risk of cancer mortality.3 The company combined this medical research with its own proprietary research gleaned from the over 1 million people who took the Health IQ test, which the company launched over three years ago. This research showed that health conscious individuals have a 41 percent lower mortality rate.
"Much of the insurance industry today is based on outmoded, mass-packaged research with a one-size-fits-most mindset, which results in overpayment from consumers and improper risk assessment for carriers," said
Health IQ plans to use the funding to fuel hiring in its
For more information, please visit www.healthiq.com.
About Health IQ
Health IQ's mission is to improve the health of the world by celebrating the health conscious through financial rewards. Health IQ delivers better rates and underwriting, and partners with top-rated insurance carriers such as SBLI,
For more information, please visit www.healthiq.com and follow Health IQ on Twitter @healthiqinsure.
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1 Lee et al., J Am Coll Cardiol. (2014)
2 Orlich et al. JAMA Intern Med (2015)
3 Ruiz et al. Cancer Epidemiol Biomarkers Prev (2009)
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SOURCE Health IQ
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