Insurance providers can assess customer health risks in real-time using contactless vital sign monitoring solution from NuraLogix
The application allows insurance providers to quickly perform a customer health check during the online interview process using a web-browser. The NuraLogix technology uses a conventional video camera to extract blood flow information from the face, in a patented process called Transdermal Optical Imaging (TOI™), resulting in more than 30+ medical grade health and wellness measurements.
The NuraLogix technology was available for demonstration at the
The benefits of integrating a vital sign monitoring system into the insurance evaluation process are numerous: reduced costs of underwriting a policy, no nurses needed to conduct physical examinations or take fluid samples, improved compliance with the terms of lower-cost standard policies to avoid price increases, and more. This technology has also been shown to create a 'Sentinel Effect,' reducing fraud and improving the accuracy of questionnaire responses.
Currently in the insurance industry, providers calculate premiums for users, the amount users pay in exchange for coverage. Insurance premiums are based on a wide variety of factors such as age, gender, risk, type of coverage, location, and more. Providers calculate the likelihood the user will need to use the insurance, for example, younger people are less likely to need medical care, so their premiums are generally cheaper. Integrating the NuraLogix technology into the risk evaluation process allows insurers to calculate premiums using accurate health data of the individual and potentially even provide incentives to get healthier.
NuraLogix's technology is based on extensive peer-reviewed research and clinical studies, a fact which differentiates them from their competitors. NuraLogix has conducted multiple clinical studies and published research in many notable publications such as Frontiers in Psychology, Scientific Reports, and the
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NuraLogix - https://www.nuralogix.ai/
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