The startup offers a platform that utilizes behavioral economics and gamification to enhance customer engagement and wellness for insurers. By incentivizing insured individuals to increase their daily physical activity through games and rewards, the platform aims to reduce chronic disease risk and lower claims costs for insurance providers.
Funding
$220K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Insurers face challenges in engaging their customers in wellness programs and incentivizing healthy behaviors, leading to increased chronic disease risk and higher claims costs. Traditional wellness programs often struggle with low participation rates and lack the ability to sustain long-term engagement.
Solution
LVLFi offers a gamified platform designed to motivate insured individuals to increase their physical activity and modify sedentary habits. By using a 'Game First' approach, LVLFi creates engaging games that subtly encourage exercise, allowing players to level up and reap benefits both in the game and in real life. The platform aims to reduce chronic disease risk and lower claims costs for insurance providers by incentivizing insured individuals to adopt healthier lifestyles through gamification and rewards.
Target Audience
The primary target audience includes insurance providers looking to enhance customer engagement in wellness programs, reduce chronic disease risk among their insured population, and lower overall claims costs.
Features
- Gamified exercise programs designed to subtly motivate players to increase physical activity.
- Leveling up system that rewards players both in the game and in real life for exercising.
- Focus on modifying sedentary habits through engaging game mechanics.