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Are we there yet?

Insurers are Bleeding $2.4 Trillion in Claims: or why insurers need digital health.

Insurers spend 60% of premiums on preventable chronic conditions such as obesity and diabetes. Conditions caused by diet, exercise and other manageable lifestyle patterns. With ageing members and rapidly increasing incidence of chronic conditions, insurers are under growing pressure to attract & retain high-value healthy members to cover the cost of the sick members, and improve the health of those at-risk.

Jonah Cacioppe
Feb 9, 2016 · 8 min read

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Source: US Centre for Chronic Disease Control & Prevention, 2011.

Insurance + Digital Health


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Converging Trends

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We’re all getting fatter.
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Source: APRA, Operations of the Private Health Insurers, Annual Report 2013–14.
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Source: APRA, Operations of the Private Health Insurers, Annual Report 2013–14.

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Estimates for the wearable market in 2018 range from $5B to $30B. Either way the number of people continuously tracking health data is set to explode over the next few years.

Opportunities for Insurance-Tech

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Source: Rock Health report, Digital Health Consumer Adoption: 2015.
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From health to auto and home insurance: IoT Partnerships. Source: CB Insights

Just the Start


Ramblings

Long form thoughts on technology, startups, digital health…

Jonah Cacioppe

Written by

co-founder & ceo at Integral, building a platform for leadership coaching helloable.co ex-founder/ceo Boundlss

Ramblings

Ramblings

Long form thoughts on technology, startups, digital health, insurance and other nonsense.

Jonah Cacioppe

Written by

co-founder & ceo at Integral, building a platform for leadership coaching helloable.co ex-founder/ceo Boundlss

Ramblings

Ramblings

Long form thoughts on technology, startups, digital health, insurance and other nonsense.

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