Torafugu Tech
Torafugu tech is an analytics business focusing on life insurance to increase product personalisation and improve the health and wellbeing of its members. Currently the consumer pays a ‘one size fits all’ premium for their life insurance. With the increasing popularity of wearables, the insurance industry now has new hardware. Apple watches, fitbits, Google fit etc provide time-dependent data, which, analysed correctly, can give insurers better control of back book risk. Using data from mobile apps and wearables, their digital health platform utilises state-of-the-art AI analytics, combined with the provision of expert knowledge and behaviour nudges to help members live a healthier, happier and more productive life.Their engine starts working by providing streamlined customer data and AI-based analytics to life insurers to supercharge conversions from price comparison websites. Ultimately, they envision their new engines will be used by a variety of businesses that rely on health information or are involved in health and health-tech that look to harness the power of wearables and more. Our processes allow real-time tracking of complex data and introduce machine learning excellence for use in healthcare.
Torafugu Tech
Torafugu tech is an analytics business focusing on life insurance to increase product personalisation and improve the health and wellbeing of its members. Currently the consumer pays a ‘one size fits all’ premium for their life insurance. With the increasing popularity of wearables, the insurance industry now has new hardware. Apple watches, fitbits, Google fit etc provide time-dependent data, which, analysed correctly, can give insurers better control of back book risk. Using data from mobile apps and wearables, their digital health platform utilises state-of-the-art AI analytics, combined with the provision of expert knowledge and behaviour nudges to help members live a healthier, happier and more productive life.Their engine starts working by providing streamlined customer data and AI-based analytics to life insurers to supercharge conversions from price comparison websites. Ultimately, they envision their new engines will be used by a variety of businesses that rely on health information or are involved in health and health-tech that look to harness the power of wearables and more. Our processes allow real-time tracking of complex data and introduce machine learning excellence for use in healthcare.
TL;DR
Sector: Digital health analytics for life insurance
Product focus: AI analytics using mobile app and wearable data to personalise life insurance
Funding (recorded): Seed-stage investment recorded
Last funding date (recorded): 2018-10-03
Company Overview
Problem Domain
Life insurance underwriting, risk assessment, and customer engagement using wearable and mobile health data.
Industry
Healthtech / Insurtech
Funding Track Record
Record indicates a seed-stage investment associated with Apollo Informal Investment; amount not stated in available evidence.