Wearable Technology in Life Insurance: Knowledge Is Power
Wearable technology has the potential to transform the life insurance industry by empowering insurers and insureds alike with valuable health knowledge.
How Wearables can ‘Transform’ the Public Perception of Insurers
Matthew Edwards, head of mortality and longevity in Willis Towers Watson’s life insurance practice, (pictured below) explains why wearable technology presents a fascinating opportunity for insurers, and related sectors such as the private health sector.
New Report Finds Health Wearable Devices Pose New Consumer and Privacy Risks
Personal health wearable devices used to monitor heart rates, sleep patterns, calories, and even stress levels raise new privacy and security risks, according to a report released today by researchers at American University and the Center for Digital Democracy.
Wearable Wellness: Five Quick Takeaways from RGA’s Fitness Tracker Study
In 2016, RGA conducted an anonymous study among its employees and their friends and family to explore wearable fitness trackers’ potential application for insurance product development. The study included around 1,000 participants from 23 countries and was conducted over 12 weeks using five tracking devices.
John Hancock Looks to Expand Reach of Vitality
A year after launching John Hancock Vitality, the life insurance giant has begun expanding the reach of its connected-health product to further engage with customers.
Why Gamification Matters to Life Insurers
Among the many changes and innovations happening in the insurance industry today, gamification is surely one of the more interesting. At the nexus of trends ranging from behavioral science and social networking to the Internet of Things and wearable tech, gamification is serving as a powerful lever for insurers seeking to enrich digital experiences and adopt new customer-centric business models, such as pay-as-you-live offerings.
Wearable Technology - Findings from a Trial at SCOR Global Life
SCOR Global Life recently trialled wearable technology among its workforce. Here is what happened.
Innovation: Wellness, Wearables, and Universal Truths
Are the current wellness initiatives which centre on wearable technology the golden fleece that holds out the best prospect of delivering innovative, market-disrupting change to insurance markets on a global scale? Mr Richard Verdin of RGA UK Services Ltd explores.
Three in Ten Americans Would Likely Share Data from Activity Trackers with a Life Insurance Company
According to the 2016 Insurance Barometer, 30 percent of consumers are very or extremely likely to consider sharing the data from an activity tracker (Fitbit, Jawbone, etc.) with a life insurance company if they received financial incentives in return for healthy behaviors. Among those who already use a device, willingness to share more than doubles to 65 percent.
The Real Digital Health
So far in our articles we have been pretty positive about all aspects of e-health, digital health, e-medicine, wearable devices, etc, and what these will bring. And of course Gary is a pretty enthusiastic Fitbit wearer. But there are a few potential ‘trip hazards’ with underwriting significance.