Life insurtech launches dominant in Dec.

December 13, 2019 5:22 PM

There have been 81 investments in life and health insurtechs as of the third quarter of 2019, according to Willis Towers Watson's Quarterly Insurtech briefing. That's as many as there were in the entire year for 2017 and just nine less than last year, with another quarter of data still to be reported. The increased activity in the life and health segment in

An app Sproutts

In announcing $12 million in Series A funding, Sproutt has emerged as a new broker looking to leverage AI in a big way. Its proprietary Gaia (Guided Artificial Intelligence Assessment) platform powers the Sproutt QL Index, which measures prospects' movement, sleep, balance, nutrition and emotional health. From there, a life insurance product is recommended.

Ladder launches in New York

Ladder announced its expansion into the New York market, making its term life product available in all 50 states. (Ladder was founded in 2015.) Its policies, issued by Allianz in New York and Fidelity Life elsewhere, are built on a data-heavy process that issues policies in less than 10 minutes via mobile app or website.

FinFit Life partners with John Hancock Vitality

Newly launched broker FinFit life is selling John Hancock's wearables- and wellness-focused Vitality product as part of its "financial fitness" marketing plan, in which it trains associates to help in selling Hancock and other products.