Rise Of The AI-Doc: Insurer Prudential Taps Babylon Health In $100 Million Software Licensing Deal

Prudential Asia, a business unit of British insurer Prudential plc., has signed a licensing deal with digital health startup Babylon Health to exclusively use its AI-powered software for its own apps across 12 countries in Asia. Prudential is paying approximately $100 million over the course of several years, according to sources close to the deal, to access proprietary software that includes an inference engine, simulation software and a medical-knowledge graph that over time aims to replicate and automate consultations with human doctors.