Hannover Re and dacadooand insurtech company have announced a select, multi-market working partnership. Together, they are offering insurers a combination of Hannover Re’s automated underwriting system and dacadoo’s digital health engagement platform in Europe and Asia.

During the initial phase, Hannover Re’s underwriting solution, hr|ReFlex, will be combined with dacadoo’s health engagement app, enabling life and health insurers to offer consumers a digital end-to-end solution. At a later phase, the partners aim to develop a fully integrated technical solution, as well as product concepts based on individual lifestyle and health engagement.

This will enhance Hannover Re’s and dacadoo’s joint proposition for life and health insurers aiming to offer straight-through-processes, accelerated underwriting, and lifestyle-based insurance products along the pay-as-you-live concept.

“hr|ReFlex combines Hannover Re’s expertise in risk assessment and underwriting with state-of-the-art technology,” said Jens Blohm, CEO for life and health reinsurance at Hannover Re. “With dacadoo we have found the ideal partner to enhance our value proposition for life and health insurers.”

Designed and developed by Hannover Re, hr|ReFlex is a modular automated underwriting system that provides immediate and risk-adequate decisions directly at the point of sale. It supports all sales channels and leverages the full potential of an all-digital business process, increasing turnover and profitability. Its unique flexibility allows an easy integration of new products or features.

“The strategic collaboration with Hannover Re provides dacadoo with even greater access to the insurance market,” said Peter Ohnemus, founder and CEO of dacadoo. “We are very proud that Hannover Re, a globally operating reinsurance company very active in the digital space, chose dacadoo as strategic partner to co-market joint products and develop new, digital variable-premium insurance products based on consumer lifestyle.”