Advanced Health Intelligence Ltd. (AHI) announced its partner Bearn LLC has signed a transformative commercial partnership with American International Group, Inc. (AIG). This alliance aims to redefine the paradigms of insurance acquisition, retention, and policy underwriting across the USA and Canada. The partnership with Bearn is grounded in AHI?s digital health assessment methodologies, employing tools such as the AHI FaceScan and BodyScan, wearable devices like the Apple Watch and Fitbit, and integrated consumer applications like Instacart, Calm and Accuro smart scales.

Prioritising precision and efficiency, the initiative guarantees that users obtain insurance solutions crafted to their distinct health profiles with speed and accuracy. AHI?s advanced risk assessment technology stands as the cornerstone of the Bearn-AIG partnership, seamlessly integrating health assessments with insurance practices. AHI?s innovative solutions make the ability to digitally comprehend health metrics and identify potential risks unparalleled.

This simplifies the underwriting process and furnishes insurers with unprecedented insights, and by harnessing these insights, insurers can craft optimal coverage tailored to individual needs. Furthermore, this understanding aids insurers in devising strategies and resources to assist policyholders in leading healthier and more prolonged lives. A pivotal component of this collaboration is the comprehensive risk assessment scanning technology developed by AHI.

Together, Bearn and AHI champion the dawn of proactive healthcare, emphasising early detection of chronic ailments and providing accurate health vitals. This collaboration moves beyond reinventing health assessments?it?s about bestowing individuals with deeper insights and knowledge about their health, democratising preventive care. While Apple Health and others are aggregating data, Bearn and AHI are making data actionable and assisting users in directionalizing the all-needed answer to what to do next.

Adding another layer to this innovative alliance, Bearn introduces a unique reward platform designed to incentivise and reward users for proactive participation in their health betterment. This game-changing approach not only boosts user engagement but also fosters a culture of health-consciousness, encouraging users to take active steps towards healthier lifestyles. Rewards and incentives are tailored to the individual to match motivation and relevance to drive behavioural change.

The potential reach and impact of this partnership is staggering, targeting a large audience of over 6 million users. Beyond the vast numbers, the enriched user experience, streamlined processes, and swift policy underwriting truly set thw Bearn-AIG collaboration apart. It?s a testament to the potential of technology and innovative thinking reshaping the health and insurance sectors.

Bearn and AIG Insurance are set to launch their new and innovative solution in November 2023. Bearn and AIG Insurance have entered into a commercial agreement aimed at transforming the insurance industry?s user acquisition, retention, and policy underwriting offerings. With a targeted reach encompassing an expansive demographic of 6 million users throughout both the USA and Canada, this partnership is set to streamline and expedite the underwriting process significantly.

Harnessing the power of AHI?s digital health evaluations, including FaceScan and BodyScan integrations with wearables such as the Apple Watch and Fitbit, from the interconnected applications, Bearn and AIG are positioned to provide uniquely crafted Biometric risk profiles for insurance plans tailored to the individual nuances of each user. This innovative methodology elevates the user journey and introduces a level of operational efficiency unparalleled in the insurance industry. AHI anticipates that revenue generation through this agreement will commence upon the initial deployment of the solution.

AHI will continuously update shareholders regarding the progress leading up to and including the commercial launch. Pricing options for Bearn are offered as single-use or annual subscriptions, as has been previously communicated to the market, with rates ranging from USD 2.99 to USD 6.99.