In Japan, T&D Life Group is partnering with Dacadoo, a Swiss digital health platform company to develop digital life insurance solutions.
Dacadoo operates a comprehensive digital health engagement platform to motivate users to achieve and maintain healthy lifestyle habits through which T&D hopes to offer a range of life insurance products.
Importantly, Dacadoo’s digital user journey is optimized to engage users on health/wellness issues as opposed to converting users to policy holders immdiately. It combines motivational techniques from behavioral science with features from online gaming and social networks that involve users in their holistic health, body, mind and lifestyle status.
Meanwhile, insurance clients can get full branding and customization in addition to access to Dacadoo’s ‘Restful’ API which provides them with a degree of flexibility and interoperability with their own applications. It also has a risk engine which provides accelerated and dynamic underwriting.
Peter Ohnemus, founder and CEO of Dacadoo, commented, “The digitalisation process in life insurance is advancing rapidly and newly designed digital insurance products will appear more and more.”