Verisk and Qantev, an AI claims intelligence platform for health and life insurers, have announced a collaboration for insurers in the Asia-Pacific and Gulf Cooperation Council markets, designed to help health and life insurers make more precise underwriting decisions while improving claims efficiency.
The shared capabilities are intended to support more informed risk assessment, more tailored pricing, and broader access to cover for applicants with existing medical conditions.
The collaboration brings together Verisk's Health Risk Rating Tool, which helps insurers assess declared pre-existing medical conditions and generate data-driven risk scores, with Qantev's AI-powered claims platform. Together, the capabilities can help insurers reduce reliance on broad exclusions where more personalised assessment is appropriate, which could improve access to cover. They also give claims teams tools to identify potential fraud, waste, and abuse more efficiently.
Tarik Dadi, chief executive officer and founder of Qantev, said the collaboration addressed a key industry challenge.
"Our collaboration with Verisk helps address an industry challenge: how to safely expand insurance coverage in a complex world," said Dadi. "By combining Qantev's claims intelligence with Verisk's established risk assessment capabilities, insurers can better connect underwriting and claims decisions, helping them pursue profitable growth while supporting broader access to cover. We are excited to help the market transition away from rigid exclusions and toward smart, data-backed protection."
Iain Howie, managing director of life, health, and travel at Verisk, said insurers were seeking practical ways to expand access to cover.
"Health insurers are looking for practical ways to expand access to cover without compromising underwriting discipline or claims control," said Howie. "For decades, Verisk has helped insurers bring deeper data, advanced analytics and insights to complex risk selection and pricing decisions. By pairing that foundation with Qantev's claims automation and decision-support capabilities, we can help insurers make more informed decisions across the policy lifecycle and better serve customers with complex health profiles."
