Biological Age Model: Using Wearable Data to Empower Healthier Lives
Customers today are more digitally‐enabled, more health conscious and more demanding of customized products and services that offer greater freedom and flexibility. The insurance industry however often fails to keep pace, and consumers can face multiple pain points in their insurance journey.
Wearable Technology in Life Insurance: Gadget or Gimmick?
Is the promise of wearable technology too good to be true? Inclusion of wearables in life insurance products to date has not matched the interest. But advances hold great promise. RGA’s Julianne Callaway explores the power and perils of these promising devices in Digital Insurance.
Why Data Veracity Will Reshape Life Insurance
From its earliest days, life insurance has been fueled by data. Today, the industry is more data-driven than ever. Life insurers rely on data to make better operational, risk and pricing decisions. They use data to develop new products and business models. Increasingly, they leverage data to incentivize customers to reduce their exposure to risks and help them avoid incurring losses.
Why Wearables are no Gimmick in the Quest for Wellness
It is well understood that increased physical activity levels are linked with a reduced risk of certain illnesses, leading to improved healthy life expectancy. Wearable devices have also been championed as a way to not only help people track physical activity, but with the right incentives, increase overall activity levels in the short term.
Stratifying Mortality Risk Using Physical Activity as Measured by Wearable Sensors
Munich Re assessed the effectiveness of physical activity as measured by wearable sensors in stratifying the mortality risk profile of a U.S. population-based dataset provided by Vivametrica. Munich Re examined the dataset, performed classical actuarial mortality analysis and used survival analysis and machine learning techniques to evaluate the extent to which physical activity predicts mortality.
New Tech & Big Data: Are They Good for Insurance?
Richard Keating investigates how big data and new technologies are changing the face of the insurance industry, and examines the resulting threats and opportunities.
Disruptive Innovation— Coming to Insurance near You
Disruptive innovation are revolutionizing many industries. How will it affect insurance?
Click on "Issue 88, July." Article states on page 20.
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.