Verikai

Verikai

Verikai is an insurance technology company leveraging alternative data and machine learning to chang Better insights. Better outcomes.

Our well-established database includes more than 4,000 behavior attributes for 250+ million people in the United States and provides deep insight to these individuals’ true health risks. With this data, we help insurance companies improve underwriting precision, speed and efficiency – and ultimately, we provide consumers and small businesses with greater access to a broader range of insurance products.

20/09/2023

At Verikai, we take immense pride in delivering the best solutions to our clients. But don't just take our word for it – hear from those who have experienced the Verikai difference firsthand. 🌟

"We've used a variety of underwriting solutions, and Verikai was the easiest to implement. Their platform is not only direct and easy to digest, but offers an incredible user-friendly experience. Our entire team was up and running on day one!" - Allied National

Our customers' satisfaction is at the heart of everything we do. It's feedback like this that fuels our commitment to excellence. 🚀

If you're looking for an underwriting solution that not only gets the job done but does it with unparalleled ease, Verikai is your answer. Join the growing community of underwriters who have chosen Verikai for its seamless user experience and impressive results. 👏

Supercharging Life and Health Underwriting with Better Data 15/09/2023

📢 Missed our webinar on advanced data and analytics in life and health underwriting? Don't worry! You can now catch the recording on demand! 🙌

Discover the benefits for insurers and customers by leveraging improved data and analytics. 📈 Understand how this enhances customer experiences, boosts underwriters' productivity, and fuels product innovation. We also explore how insurers can utilize behavioral interventions to empower individuals in leading healthier, longer lives! 🌱

Unlock the power of predicting outcomes in new and innovative ways, while keeping in mind the ethical considerations associated with this cutting-edge approach. Don't miss this opportunity to stay ahead of the curve and shape the future of insurance! 🚀 👉 Click the link to watch the webinar on demand: https://bit.ly/3LigH7i

Supercharging Life and Health Underwriting with Better Data Advanced data and analytics are dramatically changing life and health underwriting, improving customer experiences, increasing underwriters’ productivity and powering product innovation. Join us live on August 23rd as our panel from Verikai, YuLife and UnderwriteMe offer answers to the following q...

Timeline photos 05/01/2023

We’re starting off 2023 with an exciting announcement! It is a pleasure to introduce our newest team member, Paul Stock, as Chief Operating Officer.

We’re excited to have Paul join the Verikai family and can’t to see what we’ll accomplish in 2023!

Timeline photos 27/10/2022

We're so excited to announce that our Senior Director of Operations, Alyssa Shane, is featured as one of the Top 25 Women Leaders in Financial Technology of 2022! 🎉

This is a huge accomplishment and would not have been possible without Alyssa's dedication and hard work. She has been an integral part of Verikai's success over the past few years, and her leadership and expertise have been crucial in driving us forward.

Thank you, Alyssa, for all that you do. Congratulations on this well-deserved recognition!

Read mor here: https://buff.ly/3U0wWIe

The Financial Technology Report

Timeline photos 25/10/2022

Comparing self-funded and fully insured health plans is key to understanding which type of plan will work best for your employer group. Here’s a fun example to help explain the difference between the two types of plans.

Imagine you are at the grocery store trying to decide whether to buy pre-made fruit juice or ingredients to make your own juice.

A fully insured health plan would be like buying pre-made fruit juice. It is often more convenient but is usually more expensive in the long run.

A self-funded health plan would be like buying ingredients to make your own juice. It may take more work initially, but it can save you money in the long run.

If you have small groups who are worried to make the switch - talk to us about how we can help! We may have the materials to set their minds at ease.

Timeline photos 20/10/2022

When it comes to insurance technology, Verikai is in a class of its own. Why?

We use data! The 35,000 decisions we make every day predict risk more accurately than any other available data sources. And because we pair that data with our advanced models, you can be sure to better understand your groups risk and outperform the competition.

What are you waiting for? Visit https://buff.ly/3gkC73C to get started.

Timeline photos 13/10/2022

Thank you to for sharing our recent product launch of Med/Rx.

It’s been an amazing journey for us so far, and we’re proud to be able to offer such a valuable product to our customers.

Jeff Chen, CEO, states in the article, “We have been working on this product for over a year and coupled with our risk scores from our flagship Capture product, underwriters will have the most powerful set of predictive risk tools at their fingertips, all within a single platform. There is no other predictive risk vendor on the market that offers carriers a complete and holistic view of risk like Verikai does. We look forward to the positive impact Med/Rx will have on the industry for years to come.”

Read the full article here: https://buff.ly/3ECs8nI

Interested in learning more about Med/Rx? Visit https://buff.ly/3g5aLSs.

Timeline photos 11/10/2022

The Verikai team is live at !

Make sure to swing by booth #206 today and tomorrow to learn about our predictive risk tools - including our newest Med/Rx tool. Plus, enter for a chance to win a YETI cooler!

Capture for Home | Verikai 04/10/2022

Home insurance carriers have long used factors like the location of a home and its structural health to determine risk. But what if there was a way to go deeper and get a more thorough picture of risk?

That's where Verikai comes in. With Capture for Home, we use predictive modeling with to identify risk associated with the homeowner, not just the home.

Neighbors with identical homes can have very different risk profiles, even if their homes are identical on paper. Based on factors like lifestyle, dependents, and health (to name a few), Verikai can help carriers evaluate and provide deeper insights into the policyholders' risk.

It's time to change the future of home underwriting. Request a demo today or visit verikai.com/capture-for-home.

Capture for Home | Verikai The latest risk tool in home insurance underwriting is here. Know the homeowners, not just the home.

Timeline photos 29/09/2022

It's been an amazing month at Verikai! We launched our new Med/Rx product, attended , and to top it off, we're excited to announce our newest customer Prodigy Health.

We're thrilled to have Prodigy Health on board and eager to see how incorporating our tool will help them become more efficient in their processes.

We're looking forward to this partnership and continuing to provide the insurance industry's best predictive risk tool to our clients.

Interested in learning how Verikai can help you? Come talk to us at or set up a meeting today at [email protected].

Timeline photos 27/09/2022

Hey, ! 1/1 renewal season is right around the corner! Are you prepared?

Let us help! With Verikai Marketplace, you can find the most competitive policies for your clients in just seconds. Our diverse network of carriers on the other side are eager to bind business.

Save time this 1/1 season and expedite the renewal process with Marketplace!

Sign up for FREE at join.verikai.com or visit verikai.com/marketplace to learn more!

Timeline photos 22/09/2022

We're live from InsureTech Connect and ready for day 3!

It's been an exciting past couple of days filled with so many great conversations, and we can't wait to continue the fun today.

Stop by to learn how we're helping solve underwriting challenges throughout the insurance industry using and behavioral . Plus, get the inside scoop on our new Med/Rx product and more!

Come see us at booth #1923 by CoverGenius café or reach out at [email protected].

Timeline photos 30/08/2022

We're thrilled to announce we'll be exhibiting at InsureTech Connect 2022! 🎉

It's been an exciting year at Verikai! We're eager to share the new product we're launching and discuss how we can partner to solve some of the industry's challenges. The future of insurance is very exciting, and Verikai is thrilled to be playing a significant role in it.

Are you attending? Let's connect! Stop by booth #1923 near the CoverGenius cafe or email us at [email protected] to set up a meeting.

23/08/2022

What’s missing from your underwriting? Our new product launching next month just might have your answer. Keep an eye out for more information coming soon.

Timeline photos 18/08/2022

How do actuaries, underwriting teams, and Verikai all fit together in the underwriting puzzle?

In a new blog post, we sat down with Ayanna Charles, former actuary, and current Solutions Consultant, to get her expert opinion on the value Verikai provides to our customer's actuarial and underwriting teams.

Read the full blog post here: https://buff.ly/3AvWKVx

Timeline photos 17/08/2022

We changed the underwriting game once before. Now, we’re back to do it again — and bigger than ever.

New product launch is coming September 2022.

Reach out to [email protected] to learn more today!

16/08/2022

Pssst, have you heard? Something big is coming to Verikai.

Stay tuned as we share more details.

Timeline photos 09/08/2022

Verikai is going to SIIA’s National Conference! ✈️

Join us Oct. 9-11 in Phoenix, AZ. We’re so excited to connect with the community and discuss how Verikai can help transform your underwriting.

We know calendars are filling up fast so make sure to snag a meeting time with us before it’s too late! Reach out at [email protected] today!

04/08/2022

Check out this month’s , featuring our expert Cloud Architect, Justin Smith-Sellinger. Get to know Justin's background, his love for technology, and what a typical day in the life of a Cloud Architect looks like at Verikai!

Read the full blog here: https://buff.ly/3oUXGMx

Employee Spotlight: 12 Questions with Justin Smith-Sellinger, Cloud Architect at Verikai | Verikai In this month’s employee spotlight, we’re highlighting our expert Cloud Architect, Justin Smith-Sellinger. He’s relatively new to Verikai, being here just shy of 3 months, and is already making great strides. We’re so excited to have him here and know he’s adding immense value to our techn...

Timeline photos 26/07/2022

It’s been nearly one year since the launch of the Verikai Marketplace! 🎉

We’ve experienced some serious growth this past year and couldn’t have done it without our amazing customers and employees.

Here’s to another year of continued progress and success!

Ready to learn more? See how the Marketplace is bringing and carriers together from across the industry to simplify the process of receiving and binding quotes.

Sign up at join.verikai.com or visit verikai.com/marketplace for more information.

21/07/2022

How many decisions are you making a day?

Fact 💡: The average person makes approximately 35,000 decisions a day.

The data generated from these daily decisions provides an unbelievable amount of predictive power.

At Verikai, we’re using this data coupled with our models to improve how the industry views risk.

Learn how you can incorporate Verikai into your process at verikai.com.

19/07/2022

Question⁉️: Are you relying solely on traditional insurance rating manuals to predict risk?

Take control of your risk with Verikai. Learn how we help mitigate high claims through the use of our models and data.

Here are just four benefits of incorporating Verikai into your workflow:

-Supplement claims
-Replace health questionnaires
-Improve risk selection
-Increase efficiency

What are you waiting for? Visit verikai.com to learn more.

05/07/2022

Did you know Verikai is the only tool on the market using data?

We’re able to paint a comprehensive picture of risk through our robust database of 5,000+ behavioral and clinical attributes on 250+ million individuals.

Learn how to take a more proactive, competitive approach to underwriting with Verikai!

Visit verikai.com to get started.

Understanding the advantages of self-funded health insurance plans | Verikai 23/06/2022

In a new blog post, our Product Marketing Manager, Amanda Borodaty, gives us her expert insights into the benefits of self-funding, what you need to know to make the switch, and the tools to get you there!

Read the full blog here: https://buff.ly/3ycpYrw

Understanding the advantages of self-funded health insurance plans | Verikai What is a Self-Funded plan? More and more employers are looking to move to self-funded health insurance plans. While fully insured plans certainly have some advantages, self-funding gives more control and flexibility to the employers to create a curated health insurance plan that works better for ev...

Timeline photos 21/06/2022

In honor of , Verikai celebrates the courage, strength, and perseverance of the Black community. We’re taking the time to reflect on the progress we’ve made and recognize the impact we can make going forward on racial equality.

Timeline photos 16/06/2022

Let’s compare!

Are you looking to make the switch to a self-funded insurance plan?

Understanding the difference between self-funded and fully insured plans is important to share with employers looking for an alternative option. Here are just a few of the key differentiators between the two plans.

Interested in learning more? Stay tuned for a blog post next week on all the tools you need to make the switch and how Verikai can help!

Timeline photos 14/06/2022

The NAHU Annual Convention is just around the corner!

Verikai is excited to be exhibiting from June 25-27 in Austin, TX!

Learn how our Marketplace product provides real-time insight that can positively impact your book of business!

Will we see you there? Stop by booth #507 or drop us a note to set up a time to chat at [email protected].

09/06/2022

Drag, drop, and dominate with the Verikai Marketplace!

1. Drag and drop a group census in the Verikai portal
2. Receive real-time insight on which groups are better suited to be self-insured or fully-insured
3. Make actionable recommendations to become a trusted advisor and win more business

What are you waiting for? Join the Marketplace today for FREE at https://buff.ly/3hZERUO.

Timeline photos 07/06/2022

Verikai is headed to Philadelphia for the SOA Health Meeting!

We’re excited to network with the industry’s leading actuaries and discuss the latest challenges and trends facing the world.

Let’s discuss how Verikai is the innovative solution to add to your process.

Visit us on the expo floor or schedule a meeting with the team at [email protected].

Timeline photos 01/06/2022

Happy Pride Month! 🌈

At Verikai, we proudly celebrate by honoring and supporting the diversity of our amazing team members and clients. It’s so important to us that everyone feels safe, included, and valued in the LGBTQ+ community.

How are you celebrating?

Timeline photos 26/05/2022

We’re excited to be back on the floor today for day two of Insurtech Insights Americas 2022!

Stop by booth to chat with the team today!

Learn how Verikai is using + behavioral data to transform the process.

Is It Time to Reconsider Self-Funding Health Insurance? | PLANSPONSOR 19/05/2022

Switching to a self-funded health plan can be a lot to administer initially, but it's not as daunting as it may seem with the right tools in place.

A recent survey from WellNet states, "75% of brokers said a company's C-suite is more involved in health plan decisions this year. If that remains the case or gets higher, self-insured health benefits will be more accepted. It takes corporate leaders seeing there is a better way. They just need education."

Read the full article to learn more about the benefits of self-funding.

Is It Time to Reconsider Self-Funding Health Insurance? | PLANSPONSOR Self-funding can result in cost savings and access to more data to drive better plan designs, but plan sponsors need to weigh that against all they will need to manage.

Timeline photos 17/05/2022

Are you going to Insurtech Insights Americas next week in ?

The Verikai crew will be exhibiting from May 25-26. Stop by to learn how we’re helping our customers transform their underwriting process through the use of + behavioral data.

Find us at booth or set up a meeting with our team at [email protected].

We can’t wait to see you there!

12/05/2022

How is Verikai using behavioral data to transform insurance ?

In our latest blog post, Sales Development Representative, Ashley Sacco, shares a real-life, personal example of how Verikai's platform could greatly impact the way someone like her would be written.

Check out the full blog here: https://buff.ly/3l4lxaJ

Timeline photos 10/05/2022

We’re just 2 weeks out from BenefitsPRO Broker Expo 2022! 🎉

The Verikai team is headed to Austin, TX, and is so excited to be exhibiting from May 23-25!

Learn how the Verikai Marketplace can positively impact your book of business! Stop by booth 216 or schedule a meeting with one of our team members at [email protected]

05/05/2022

Are you ready to say goodbye to individual medical questionnaires (IMQs)?

It’s no secret that IMQs are not an effective solution to predict future insurance claims.

With advancements in and , alternative data modernizes the underwriting process, allowing for better risk selection, increased volume, and more competitive rates.

Read the full blog post to learn how Verikai’s Capture for Health product is making this possible.

Link to blog post: https://www.verikai.com/the-imq-process-is-flawed-heres-how-alternative-data-is-the-solution/

Timeline photos 03/05/2022

Good morning from NJAHU in Atlantic City, NJ! ☀️

Brett Arnold and Alyssa Shane are back for day two and are so excited to connect.

Learn how our Marketplace product brings and producers together from across the industry to simplify the process of receiving and binding quotes.

Stop by booth 306 from 12 to 2:30 p.m. today or get started now for FREE at https://buff.ly/3hZERUO.

Timeline photos 28/04/2022

Check out our new blog post! 📝

We sat down with our very talented Data Scientist, Jessica Yu, to discuss her unique journey into the competitive world of and some key advice she has for entering a male-dominated field of work.

Read the full post here: https://buff.ly/3vqqlNu

Timeline photos 26/04/2022

Verikai is going to Insurtech Insights Americas 2022!

Join us on May 25-26 in New York City. We’re so excited to connect with experts across the industry and talk about the future of insurance .

Register today using the code Verikai30 for 30% off your registration fee.

Here’s the link to register: https://buff.ly/3ELZJdb

The Age of Insurtech for Insurance Brokers | Verikai 21/04/2022

New blog post alert! 🎉

Account Executive, Melissa Mohl, is back on the blog, giving her take on the impact and benefits advancements in technology are having on insurance brokers. She shares her excitement for the progression and provides insight into the benefits of a tool like Verikai.

Check out the full blog post below to learn more.

The Age of Insurtech for Insurance Brokers | Verikai Today’s world has been redefined by technology. Even when you look at a traditionally slow-moving industry like insurance, the pandemic and new enhancements in data have changed the “if it ain’t broke, don’t fix it” mentality to allow for more innovation and efficiencies. Insurance brokers...

Verikai utilizes innovation in behavioral data to support the business growth of partners in the insurance industry.

Adding behavior as a variable in your analytical process ensures that you have the confidence you need to make recommendations that will propel your business forward.

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