Health I.Q. sits at the intersection of the health and fintech spaces. Their mission is to improve the health of the world by rewarding the health conscious with social and financial rewards, using science and big data to negotiate special rates on life insurance for the “health-conscious”; a marketplace opportunity valued at $130B+ annually. To date, they’ve secured more than $3.5B in life insurance coverage for health-conscious groups such as; cyclists, runners, weightlifters, high intensity interval training athletes, tennis players, swimmers, and avid fitness and nutritional enthusiasts.
Health I.Q. is one of the fastest growing companies in the Bay Area with a team deeply vested in their mission. They are headquartered in Mountain View and are backed by tier-one investors including: Felicis Ventures, Ribbit Capital, CRV, First Round Capital and Greylock.
The Life Insurance industry is ripe for disruption. Health I.Q. provides insurance companies with real data insights to revolutionize how they assess risk using data-driven algorithms to parse risk indicators creating a new model to drive lower rates for consumers. At approximately $130B a year in the US, the industry is largely offline with only 2% using an online platform today. Today, there are over 60M Americans that are in the ‘healthy’ category; their ranks are made up of: 8M vegans/vegetarians, 15M strength trainers, 2M marathoners, 1M triathletes, and 13M well controlled diabetics, etc. Furthermore, with multiple initiatives supported by employers and insurers to promote healthier lifestyles, this number stands to increase, positioning Health I.Q. well for expansive and aggressive growth.
This is an opportunity for a passionately health-conscious and seasoned market leader to take Health I.Q. to the next level, to secure new channels, strengthen the brand and continue to drive groundswell in the marketplace.