What’s your score?
and therefore leads to disadvantageous insurance policies and biased financial restrictions.
Romano Toscano, CEO and Founder of MyLifeKit discusses the launch of LifeScore
A comprehensive score
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s the world takes stock following the devastating impact of COVID-19, MyLifeKit Founder Romano Toscano believes a holistic overview of a person’s lifestyle wellbeing is essential. MyLifeKit’s new venture LifeScore hopes to provide just that via a numerical expression to identify risk. “Our vision is to use accessible information and technology to create a ‘LifeScore’ Society, leading to better lives for everyone,” says Toscano. 48
LifeScore has been created to provide individuals with an overview of, notably, their insurability derived from information gathered about their lifestyle choices. Since 1979, financial decisions have been based upon a credit score that in Toscano’s view doesn’t reflect the full reality. “This limited view on a person’s insurability is unfair, and often based on only partial information of an individual’s life,” he says. He feels that the current system is unable to provide a comprehensive risk profile of one’s lifestyle
LifeScore will merge health-related data and credit-related data to offer users a numerical expression of their life based on their physiological needs, health, and financial wellbeing. Consumers will use the MyLifeKit platform, LifeScore, to evaluate potential risks posed by unhealthy lifestyles and be presented with solutions to improve it. The service also has applications within the healthcare sector by providing healthcare professionals deeper insight into a patient’s lifestyle. It can also be applied in the insurance and banking sector, to help consumers with better
