BVI RISK & PORTAL
The BVI Risk App & Management Portal are a digital solution for monitoring and engaging with your customers during their health risk assessment. With our simple to use app, your customers can provide their health data by doing a BVI scan from the comfort of their own home. Results are instantly sent to the BVI Management Portal where you can access via the data dashboard.
THE BENEFITS
IMPROVE PLACEMENT
ratio by correctly classifying up to 54% of obese BMI cases
INCREASE SALES
as well as delivering cost savings to the customer and the insurer
REDUCE COSTS
associated with traditional life insurance underwriting by eliminating waiting times and health exams
REDUCE LAPSES
which occur in around 10% of policies that are misplaced due to BMI and therefore become unaffordable
HOW IT WORKS
Where partners do not have an existing app we can provide our BVI Risk App & Management Portal. This allows our clients to deploy a unique scan ID to their customers, granting them access to the BVI Risk app. The customer downloads the app and completes their scan. In real-time, these results are pushed to the BVI Management Portal. You can then access all customer's health data from the BVI Portal Dashboard.
CASE STUDY
XYZ insurance company have been using BVI to refer only applicants with a BMI over 30. This has resulted in re-classification of a staggering 34% of applicants to date into a lower table of premium, with sales conversions in this category increasing by 18%. It is still too early to determine if lapses will decrease, but initial figures based on previous years’ engagement statistics suggest lapses will drop by around 8%.