Qumata

API-based underwriting for life and health insurers using digital health data

Underwriting & Risk Growth Series A

Overview

Qumata is an underwriting technology platform for life and health insurers that automates risk assessment using digital health data. The company serves carriers and reinsurers seeking to reduce reliance on traditional medical examinations and paper-based questionnaires.

The platform delivers a REST API that integrates into insurer back-end systems. Applicants connect wearable device data (from Fitbit, Garmin, and similar sources) via a QR code or invitation link. A proprietary machine learning model then produces mortality and morbidity risk scores across more than 800 medical conditions in seconds, supporting both individual and batch processing. This can reduce the underwriting cycle from weeks to under three minutes.

Founded in London in 2017 as HealthyHealth and rebranded Qumata in 2021, the company has raised USD 23M across two Series A rounds from investors including MMC Ventures and Tencent. It has deployed with AIA Group across Asia-Pacific markets and carries reinsurance validation from SCOR. The company was named to the Insurtech 100 in 2025 and reported an annual revenue run rate of USD 3.8M.

Products & Services

Qumata Underwriting API

A REST API that connects applicant-consented health data from wearable devices to an AI-based risk engine. The engine assesses diagnosis probability, extra-mortality, and extra-morbidity across 800+ medical conditions and returns a risk decision within seconds.