Sapiens Partners with Binah.ai to Improve Risk Management with AI

The partnership will enable insurers to leverage health and wellness monitoring technology for streamlined underwriting and enhanced user experience.

(Image source: Binah.ai homepage.)

Sapiens International Corporation, (Holon, Israel), a global provider of software solutions for the insurance industry, and Binah.ai (Boston/Tokyo), a health and wellness check software provider, have announced a partnership to help insurance companies worldwide to use client-provided health data for improved risk management and value-added services at reduced costs. The partnership enables Binah.ai to leverage Sapiens’ strong global presence and provide Sapiens’ customers with seamless access to Binah.ai’s software-based health and wellness check technology.

David Maman, Co-Founder and CEO, Binah.ai.

Access to health data shared by end-users through Sapiens’ platform, enhanced with Binah.ai’s technology, provides a myriad of benefits for both clients and insurance companies, according to a joint statement from the companies:

  • Improved risk assessment and prevention measures
  • Improved market understanding and competitiveness
  • Streamlined underwriting and more efficient straight-through processing
  • Increased engagement in wellness programs
  • Enhanced user experience at reduced costs

The companies’ statement characterizes Binah.ai’s Health Data Platform as disrupting healthcare and wellness monitoring by leveraging AI technologies to transform smartphones and tablets into powerful tools for both on-the-spot checks and continuous health and wellness checkups. Users have the flexibility to conduct either a quick spot check by simply looking at the devices camera or opt for continuous monitoring by wearing the Polar Verity Sense optical heart rate sensor, the statement says. This enables them to measure and share a comprehensive array of vital signs, including blood pressure, heart rate, heart rate variability, oxygen saturation, respiration rate, pulse-respiration quotient (PRQ), and mental stress-related biomarkers like sympathetic stress and parasympathetic activity. Additionally, users can simultaneously obtain an overall wellness score.

Amanda Ingram, Proposition & Ecosystem Manager, Sapiens.

“We are extremely excited to partner with Sapiens, a leading player in the global InsurTech sector,” comments David Maman, Co-Founder and CEO, Binah.ai. “Sapiens’ strong presence will help boost our expansion in the insurance industry and provide their customers with seamless access to our solution. I look forward to a great partnership, for the benefit of the entire industry and its client.”

Optimizing Risk Management and Underwriting Accuracy

“Binah.ai’s groundbreaking health monitoring technology is a game-changer in our insurance solutions, revolutionizing how insurers harness objective health data for robust wellness programs,” says Amanda Ingram,  Proposition & Ecosystem Manager, Sapiens. “Through seamless integration, we drive straight-through processing and elevate premium rating by leveraging remote, real-time health monitoring. This transformative partnership not only optimizes the underwriting processes but also empowers the insurer to assess risk more accurately and bolster preventive measures.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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