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Knowtions
Knowtions Research Inc.
www.knowtions.com
Insuring the next billion people with digital Pay-
How-You-Live insurance
We’ve figured out how to develop a new
category of insurance products to capture
Asia’s $1.8 Trillion protection gap
Knowtions
Invested in by
Thomas Wolf
Executive Chairman
Ex-CIO at Metlife
Based in Boston
Fred Stute
Chief Information Officer (CIO)
Ex-VP & Asia Chief Architect at Metlife
Japan & AXA
Based in Japan
Anthony Lee
Chief Executive Officer (CEO)
Knowtions Research
Based in Taiwan
We are a team of AI engineers,
insurance experts, biomedical
researchers based out of the
birthplace of deep learning,
University of Toronto
3
Christina Cai
Chief Operating Officer (COO)
Knowtions Research
Based in Toronto
Alex Tomberg
Chief Technology Officer (CTO)
Knowtions Research
Based in Toronto
Traditional insurance process pain points in the new era of Digital
Get medical exam
$
Talk to an agent Wait for u/w
Finally get policy
Only hear from
insurer on renewal
Get healthcare Make claim
Wait for claim
investigator
Solving these challenges means...
● Reinvent medical underwriting
with alternative data
● Increase underwriting profit
● Increase insurance coverage
● Decrease insurance claims loss
Lydia AI is a ML powered digital experience platform that accurately assess
and selects risks to enable fast digital purchase of Pay-How-You-Live
Insurance
Customer
QR Code
Scan
Underwriting
Instant
Approval
Issue Policy
Alternative
data health
consent
Health
report with
health risk
& costs
Personalized
product
recommendation
6
CONFIDENTIAL
Health
Score
Hospitalization Risk
Chronic Disease Risk
Cancer Risk
Dementia Risk
Lydia AI risk
prediction models
Mortality Risk
Consumers consent
access to 3 years of
national healthcare data
Alternative data consent enables personalized recommendations & instant
approvals
Health age score
is an AI-adjusted
age based on 3
years of data to
help consumers
understand how
their health
compares with
their peers
Predictive models
are aligned with
product benefits
enabling
contextual sales
talk based on real
health needs
Personalized health-based needs assessments helps close the protection gap
Instant approval product recommendation improves sales conversions
Limited time offers on
special insurance
offerings accelerate
time to sale
Actuarially
validated health
score enables
sales agents to
offer instant
approvals for
qualified clients
Improve sales
conversion for
insurers
More insurers
want digital
products
Digital Life & Health
products need
better incentives to
remain competitive
Secret flywheel to launch the Pay How You Live Product Category
Thank you!

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The Digital Innovation Award - Knowtions Research

  • 1. Knowtions Knowtions Research Inc. www.knowtions.com Insuring the next billion people with digital Pay- How-You-Live insurance
  • 2. We’ve figured out how to develop a new category of insurance products to capture Asia’s $1.8 Trillion protection gap Knowtions
  • 3. Invested in by Thomas Wolf Executive Chairman Ex-CIO at Metlife Based in Boston Fred Stute Chief Information Officer (CIO) Ex-VP & Asia Chief Architect at Metlife Japan & AXA Based in Japan Anthony Lee Chief Executive Officer (CEO) Knowtions Research Based in Taiwan We are a team of AI engineers, insurance experts, biomedical researchers based out of the birthplace of deep learning, University of Toronto 3 Christina Cai Chief Operating Officer (COO) Knowtions Research Based in Toronto Alex Tomberg Chief Technology Officer (CTO) Knowtions Research Based in Toronto
  • 4. Traditional insurance process pain points in the new era of Digital Get medical exam $ Talk to an agent Wait for u/w Finally get policy Only hear from insurer on renewal Get healthcare Make claim Wait for claim investigator Solving these challenges means... ● Reinvent medical underwriting with alternative data ● Increase underwriting profit ● Increase insurance coverage ● Decrease insurance claims loss
  • 5. Lydia AI is a ML powered digital experience platform that accurately assess and selects risks to enable fast digital purchase of Pay-How-You-Live Insurance Customer QR Code Scan Underwriting Instant Approval Issue Policy Alternative data health consent Health report with health risk & costs Personalized product recommendation
  • 6. 6 CONFIDENTIAL Health Score Hospitalization Risk Chronic Disease Risk Cancer Risk Dementia Risk Lydia AI risk prediction models Mortality Risk Consumers consent access to 3 years of national healthcare data Alternative data consent enables personalized recommendations & instant approvals
  • 7. Health age score is an AI-adjusted age based on 3 years of data to help consumers understand how their health compares with their peers Predictive models are aligned with product benefits enabling contextual sales talk based on real health needs Personalized health-based needs assessments helps close the protection gap
  • 8. Instant approval product recommendation improves sales conversions Limited time offers on special insurance offerings accelerate time to sale Actuarially validated health score enables sales agents to offer instant approvals for qualified clients
  • 9. Improve sales conversion for insurers More insurers want digital products Digital Life & Health products need better incentives to remain competitive Secret flywheel to launch the Pay How You Live Product Category

Editor's Notes

  1. Improve Site feasibility & Selection Cohort Identification Surfacing rich information for analysis Achieve true visibility, a new era of healthcare intelligence based on quantifying complexities Enables unprecedented
  2. Why Asia: Many countries have universal healthcare system that have enabled the government to collect health data. These countries are under extreme healthcare costs pressures and forced to innovate. They have released centralized APIs that allow the access of medical data on consumer consent to 3rd parties.
  3. Health report provides agent the features align to the product to allow contextual sales talk