Insurance industry insiders are joining Assured Allies to deliver healthy-living solutions that are science-based and personalized, positioning the company for rapid growth.

BOSTON and TEL AVIV, September 28, 2021 Assured Allies, whose evidence-based, successful aging platform is addressing a national financial and health-care crisis, today announces the arrival of key executives and expansion of a formal advisory board in the wake of its recent Series A fundraise, including insurance industry executive Larry Nisenson as its Chief Growth Officer.

With over 28 years of experience as a transformational leader in global insurance at Genworth, Plymouth Rock, and AXA Equitable, Larry has a proven track record in identifying new opportunities and optimizing assets and operations. In his newly created role, Larry will lead the expansion and scaling of Assured Allies’ suite of current and future carrier-offered wellness programs.   

Larry has long recognized that successful aging requires a holistic, multi-layered approach which addresses the financial challenges of aging while simultaneously giving millions the ability to take immediate, proactive steps. 

Larry joined Assured Allies because the company’s mission aligned with his deep market understanding. “What excites me most about Assured Allies is that we have built a science-based yet friendly and accessible program which gives millions the ability to remain independent. We are a catalyst and incubator for carriers who want to improve people’s lives, while mitigating their actuarial risk. It’s a win/win for carriers and for consumers, and the passionate team here has the vision, agility and strategic partnerships in place to scale rapidly.” 

In addition to Larry, industry veteran Bob Yee, who served in an advisory capacity over the last year, has joined the company as its Senior Actuary. Yee brings over 30 years experience as a chief actuary for global long-term care insurance carriers and is a member of the American Academy of Actuaries. He has advised corporations and governments at both the state and federal level.

Assured Allies also welcomes iconic retirement expert Tom Hegna to its advisory board. Hegna’s commitment to helping people achieve lifetime financial security is reflected in over 30 years experience as an economist, best-selling author, TV host, and international speaker. 

Speaking of Assured Allies’ mission, Hegna noted:

I couldn’t be more thrilled about how Assured Allies is changing the conversation around long-term care insurance. Having peeked behind the curtain, I can say that their new line of products is game-changing. I can’t imagine why an advisor wouldn’t want to offer what Assured Allies is bringing to the table!

Reflecting on these new executive hires and the company’s growth in both commercial traction and staff — from roughly 10 pre-pandemic to a team of 60 across their US and Israeli offices, co-founder and CEO Roee Nahir comments, “Adding Larry Nisenson, Bob Yee, and Tom Hegna to our growing team turbocharges our ability to expand and scale our innovative product line. The need for affordable long-term care insurance and an accessible roadmap for healthy aging has never been more urgent and we are excited to take on the global aging crisis.”

About Assured Allies:

Assured Allies is on a mission to change the future of aging by helping millions of older adults to prevent what they can and prepare for what they can’t. Assured Allies combines science-based wellness solutions to prevent premature decline with long-term care coverage and other retirement financial products to fund full support for successful aging. We motivate individuals to take actions now to enjoy more vitality and better coverage later. This innovative combination of common-sense prevention and preparation benefits individuals, their families, and society.

Founded in 2018 by Roee Nahir and Afik Gal, a medical doctor, Assured Allies has an extensive network of industry partners in long-term care, insurance and a range of service providers. The company is headquartered in Boston and has an office in Tel Aviv. For more information about the company, visit www.AssuredAllies.com

Media Contact

Andy Freedman

617-290-8179

[email protected]

Insurtech Applies Data and Behavioral Science to Shift the Aging Trajectory Toward Healthier Longevity, Offers Insurance Industry New Models for Deeper, More Successful Relationships with Policyholders

BOSTON and TEL AVIV, July 7, 2021Assured Allies, the leading company in evidence-based successful aging innovation, today announced the close of its $18.3M Series A fundraise. New investors Core Innovation Capital and New Era Capital Partners co-led the round, with participation from Wilton Re, a leading provider of in force and reinsurance solutions. Existing investors LionBird Ventures and Harel Insurance also participated. Assured Allies is an insurtech company with a platform of technology and services that can predict and shift the aging trajectory, reduce the risk of age-related decline and help people get the most out of life.

As the global population ages, people are heading into their later years with higher expectations for quality of life, but without a plan to maintain their wellness. Medical research shows that there are powerful and effective ways to maintain wellness and avoid the rapid decline commonly associated with aging. By applying population health management techniques and predictive analytics, it’s now possible to pinpoint what’s needed to increase a person’s odds of successful aging at any given time.

“We learned from direct experience caring for our loved ones that the aging process can introduce a host of worries – from physical health to financial security and emotional wellbeing,” said co-founder and CEO Roee Nahir. “We created Assured Allies to address those worries proactively, before they became a problem. In the last three years we have made big strides toward a future in which people are empowered to age on their own terms. And the best is yet to come.”

The Series A funding will allow Assured Allies to accelerate delivery of its Age Assured program and continue to develop new successful aging innovations, based on the company’s patent-pending technology for predicting the aging trajectory and its proprietary aging score. Specifically, the company will be introducing an entirely new category of offerings for successful aging that combine wellness with financial products. The breakthrough solutions will help people get the most out of their retirement and be game-changing for the insurance industry.

“We know so much about how to prevent age-related decline and how to dramatically increase the chances of a longer healthspan – so that we can enjoy a high quality of life into old age,” said Assured Allies co-founder and Chief Product Officer Afik Gal, MD. “We now also have the technological capacity to apply that knowledge in a way that not only benefits individuals, but that is good for business as well.”

“Addressing successful aging is more than a business imperative. It’s a commitment to creating a better society,” said Kat Utecht, Managing Partner, at Core Innovation Capital. “Assured Allies is uniquely positioned to bring innovative, tech-driven approaches to market, with the perspective to design solutions that provide value to both consumers and financial partners focused on the retirement years.”

“We believe there will be an economic return as well as a social return on investing in a future in which people can age successfully. Moreover, we were compelled by the progress Assured Allies has made developing an algorithmic approach to predicting the course of aging,” said Ran Simha, Managing Partner of New Era Capital, the Tel Aviv and Boston-based VC firm. “We founded our firm based on the belief that technology has the power to create a better future. Assured Allies will be instrumental in bringing that vision to reality.”

Assured Allies is hiring from its dual headquarters outside of Boston and Tel Aviv, with roles across marketing, user experience, data science, product and engineering in addition to other roles. The company is part of the thriving Boston “Longevity Hub” and is contributing to the latest developments in predictive analytics, machine learning and AI in both Boston and Tel Aviv.

Age Assured Program

In 2020, Assured Allies introduced the Age Assured program in partnership with long-term care insurance (LTCI) carriers. Provided as a no-cost benefit, the membership program offers personalized support for policyholders seeking to live independently as long as possible. Assured Allies recently announced a partnership with LTCG to scale up delivery of the end to end program, which offers existing policyholders with a collection of services, including case management, fall prevention support, and caregiver training. The Age Assured program not only improves quality of life in the short term, it can reduce the risk of rapid decline and the costs associated with aging – a win for both individuals and insurance carriers. By the end of this year, Assured Allies expects to have more than 20,000 lives under management in the Age Assured program.

About Assured Allies

Founded in 2018, Assured Allies is on a mission to help people get the most out of life while also making longevity financially sustainable. Assured Allies is the leading provider of evidence-based successful aging innovation with deep expertise in data science, medical insights on aging and program management. 

Co-founders Roee Nahir and Afik Gal, a medical doctor, were inspired to create Assured Allies based on their own experiences as caregivers to aging family members. They  gathered a diverse team of physicians and data scientists, social workers and experts on aging, united by their mission to help people age successfully, on their own terms. Assured Allies has an extensive network of industry partners in long-term care, insurance and a range of service providers. Assured Allies is headquartered in Boston and has an office in Tel Aviv. 

For more information about the company, visit www.AssuredAllies.com

For more information about the Age Assured program, visit www.Assured.care

Media Contact

Monica Miller

415-968-9690

[email protected]

Largest Third-Party LTC Insurance Claims Payer Joins Forces with Leader in Successful Aging Innovation

EDEN PRAIRIE, Minn. & BOSTON
May 04, 2021 (BUSINESS WIRE)
 — LTCG, the leading insurance administration and claims solution provider for long term care (LTC) insurance, and Assured Allies, the leading company in evidence-based successful aging innovation, have entered into a strategic alliance to bring new end-to-end wellness and independent aging solutions to the LTC insurance industry.

The partnership combines the deep actuarial expertise, extensive claims data and insurer relationships forged from LTCG’s 25 years of long term care insurance management experience with Assured Allies’ ability to design and deliver targeted, evidence-based support for individuals. Assured Allies also employs an industry-leading approach to policyholder engagement, which creates a continuous feedback loop for iterative improvement.

“We know so much more about the aging process than we did twenty years ago, including how to proactively improve the aging trajectory,” said Afik Gal, Assured Allies Co-Founder and Chief Product Officer. “What’s really exciting is that we also understand how to use data and design programs that create a win-win proposition for insurers and policyholders.”

Together, the two companies will revolutionize the way insurers support policyholders in successful aging, which in turn allows insurers to manage risk and improve the state of their in-force business. Through proprietary data analytics that stratify an insurer’s in-force block, sophisticated applied algorithms identify policyholders that represent a high risk for claims. This process pinpoints the most appropriate interventions to impact this outcome, which can include personalized support delivered by highly trained professionals with expertise in independent aging.

The LTC insurance industry has experienced continuous claims growth over the past five years. The pandemic has also changed the way people want to receive care, and many more seniors are looking for ways to “age in place.” These trends have created an opportunity for insurers to introduce new solutions, like Assured Allies’ Age Assured program, to create a better policyholder experience while also improving cost control and risk mitigation.

“As LTC insurance claims rise, many insurers are looking for better ways to manage the risks associated with covering an aging population, including the ability to accurately identify policyholders who can benefit from targeted engagement and interventions,” said Peter Goldstein, CEO of LTCG. “Through this strategic alliance with Assured Allies, we are now able to offer our clients a proven solution to the challenging question of how to better support policyholders, help them stay healthy and avoid costly claims.”

About LTCG

LTCG is the leading provider of administrative solutions and clinical services to the long term care (LTC) insurance industry, with over two decades of experience. As the largest LTC insurance third-party administrator and claims payer in the country, LTCG serves all of the top 10 insurers and manages over 1.4 million policies. The company addresses many types of customer needs and requirements via its full-service actuarial consulting practice and end-to-end administrative solution that includes policy administration, new business and underwriting, claims and care management, assessments and clinical consulting. LTCG has also developed a number of industry-first innovations including fraud detection and mitigation services, electronic visit verification, white-labeled policyholder portals and provider networks as well as fall prevention and wellness programs. Together, these solutions help insurers reduce costs and manage their risk exposure while improving the overall customer experience across every touchpoint. For more information, visit www.LTCG.com.

About Assured Allies

Assured Allies is on a mission to help people make the most out of life by aging on their own terms. Since 2018, Assured Allies has been developing technologies and expertise in aging, working with long term care industry leaders and insurance companies to better support successful aging. The Age Assured program is offered at no cost to individuals through long term care insurance companies, designed for people who want help continuing to live independently as they age.

For more information visit www.AssuredAllies.com.

Contacts

LTCG

Sarah McLeod
[email protected]
800.516.2881 x103

Assured Allies

Monica Miller
[email protected]
415-968-9690

Age Assured Program Provides Free, Personalized Support to People Who Want to Age Independently

Membership to Age Assured Program Provided Through Long Term Care Insurance Providers

BOSTON, December 17, 2020 — Assured Allies today announced the launch of Age Assured, a free program offered through long term care insurance companies, designed for people who want help continuing to live independently as they age. 

There are a vast number of products and services aimed at helping people remain independent as they “age in place,” with more available every day. The pandemic has increased the complexity of decision-making at a time when people are more motivated than ever to continue living at home.

“Almost everyone shares the goal of aging in place. There’s nothing like home and it’s really great if you can stay there as long as possible,” Terrence O’Malley, M.D., Division of Palliative Care and Geriatric Medicine, Massachusetts General Hospital. “The challenge is knowing what you have to do to stay at home, and then doing it. As a geriatrician in my later years myself, I’m encouraged by the way Assured Allies is addressing this issue head on.”

When the goal is independence, but immediate concerns range from preparing the next meal to making sure the bills are paid, the pressure to figure out what steps to take can be overwhelming. What is the most important thing to address? Exercise? Nutrition? Health routine? Social support? 

Perspective and the ability to prioritize can often be in short supply when determining one’s own needs, or that of a loved one – and readily available solutions can be easily overlooked. Assured Allies developed the Age Assured program with that in mind, providing relief to caregivers and individuals who need someone with expertise in aging to pinpoint exactly what’s needed and how best to make it happen.

Ellie Morris of North Reading, MA was considering moving to an assisted living facility as the challenges of living at home were becoming too much for her to handle alone when she found Assured Allies and the Age Assured program. After an assessment with a member of the Assured Allies team, Ellie had a plan to get the support she needed to continue living at home. 

“The Age Assured program has been like a life raft,” said Ellie, age 73. “It just takes the load off, which when you’re sick or going through stuff, is really emotionally important.”

Age Assured: Personalized Support to Age in Place

Assured Allies’ Age Assured program is a free, voluntary program for insurance policyholders who want help continuing to live at home while they age, made available through their long term care insurance provider. The program pairs people who want support with an “Ally” – an experienced aging professional – who learns about their specific needs and coordinates a personalized aging plan. 

The program includes access to ongoing support from a trained Ally, services at home and support for caregivers. Aging specialists are able to pinpoint what’s needed, starting with the simplest and easiest fixes. 

“Because a program that supports independent aging at no cost is new, people sometimes feel like it’s too good to be true,” said Roee Nahir, co-founder and CEO of Assured Allies. “But when you think about it, it’s quite simple: living independently is the least costly way to age. By partnering with insurance providers that cover long term care needs, we’re able to offer a program that benefits everyone.”

“Everyone deserves to age successfully,” said Afik Gal, M.D., co-founder and Chief Product Officer of Assured Allies. “We started Assured Allies because we have firsthand experience as family caregivers – we know the financial and emotional stress that can accompany the aging process. We also knew there was a better way. As entrepreneurs, we were truly surprised to find that nobody was doing it, so we decided to do it ourselves.”

Assured Allies is a company made up of physicians and data scientists, social workers and experts on aging, united by their personal experiences as family caregivers and their mission to help people age successfully, on their own terms. Since 2017, Assured Allies has been developing technologies and expertise in aging, working with long term care (LTC) industry leaders and long term care insurance (LTCI) companies to better support successful aging. The company delivers the Age Assured program in partnership with insurance carriers and a strong national network of service providers and vendors, including Senior Helpers, Genex and AssuriCare.

About Assured Allies

Assured Allies is on a mission to help people make the most out of life by aging on their own terms. Since 2017, Assured Allies has been developing technologies and expertise in aging, working with long term care industry leaders and insurance companies to better support successful aging. The Age Assured program is offered at no cost to individuals through long term care insurance companies, designed for people who want help continuing to live independently as they age. 

For more information about the company, visit www.AssuredAllies.com

For more information about the Age Assured program, visit www.Assured.care

For tips on aging independently and aging in place, both for seniors and caregivers, visit Assured.care/blog

Media Contact:

Monica Miller

415-968-9690

[email protected]