The Future is Now: Wearables for Insurance Risk Assessment
Wearables introduce a multitude of ways to monitor health. The quality and quantity of information supplied by wearables will transform how we manage our lives. There is a huge opportunity for life insurance companies to change the way we interact with our customers and to improve how we manage risk.
John Hancock Touts Early Returns On Apple Watch Monitoring Plan
New global research released by Vitality, a leading behavior change platform, reveals that financial incentives combined with wearables encourage people to significantly increase their physical activity.
Why Life Insurance Companies want your Fitbit Data
Customers can withhold their fitness data, but that will result in higher premiums, which may put life insurance out of reach for low-income earners. This in turn could have an impact on whether would-be homeowners can take out mortgages, some of which can require a life insurance policy on the principle borrower.
Evolution of the Role of the Predictive Modeler
As data mushrooms, models become more complex, roles become more specialized, and terminology becomes more confusing (and over-hyped) – we need to be honest with ourselves, honest with stakeholders and not allow hubris in our models to displace common sense.
Predictive Analytics in Life Insurance: How to Get Real Results
RGA shares basic steps insurers can take to prevent overfitting for more accurate predictive models.
Life Underwriting Trends to Watch
The practice of life underwriting is undergoing a lot of change as insurers look to speed up and enhance the customer experience. Big data, artificial intelligence, pharmacy records, accelerated underwriting and more are playing a part.
White Paper: Wearable Technology in Life Insurance
For insurers to effectively utilize wearable technology, it is important to understand the metrics captured by devices. Insurers must also be mindful of regulations, set reasonable expectations, and balance the risk and rewards of new developments.This white paper summarizes the considerations.
Simplified Issue is Expanding the Limits of Underwriting
Previously reserved for the hard to insure, simplified issue products have evolved into fully underwritten simplified products. Backed by artificial intelligence, these products have become an alternative to traditional simplified issue products.
A Life Insurance Company Wants to Track your Fitness Data
A company using what seems like a fun smartphone game to get you to walk more might be a slippery slope. With access to all that data, what will a big corporation ultimately do with it? This is still new, so the implications are murky.
John Hancock Will Only Sell Interactive Life Insurance with Fitness Data Tracking
John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday.