London-based insurtech for life and health insurance underwriting closes Series A funding round and rebrands from HealthyHealth
Qumata, which aims to disrupt traditional health and life insurance underwriting through the use of digital data, has raised $10 million (£7m) through the funding round. Previously known as HealthyHealth, the insurtech stated that funding will accelerate the global expansion of the current offering, having launched the product commercially with "multiple large, listed insurers" in Europe, Asia Pacific, the UK and North America. The funding round was led by MMC Ventures and included AdirVentures,...
Insurers have ability to use AI, but often choose not to
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