Vigil Monitoring is gearing up for global expansion as the digital healthcare company takes its personal emergency response units into the US market.
Vigil Monitoring co-founder Sir Ray Avery said the latest development in the technology was set to disrupt the health insurance market by allowing companies to add value to customer policies through personalised biometric monitoring.
The technology, backed by Spark and Bupa, records a wearer's heart rate, temperature and other patient details from wireless devices, including smartwatches, before loading them to its database.
"I think the major market for the product apart from the consumer market is the insurance business," Avery said.
"[Companies] can make an insurance premium for you based on Vigil - so with this network analysing system you can look at a customer and say, 'Well we can give you a discount because based on this you're fit and healthy so why should you be paying a high premium just because the average person your age is much sicker'."