The Wearable Insurance
Today, wearables are making information more accessible, analyzable, and approachable. They are changing our understanding of what information can be mined, how/when it can be mined, and where/how it can be used. They are creating new revenue streams and product lines, but are changing the blueprint of entire industries. Wearables are entering the insurance industry in a big way. Today, insurers are leveraging these in several areas, including marketing, underwriting, risk management, new product development, workers’ compensation, and claims management.
Given below is a snapshot of how wearables are disrupting the insurance space and improving our health, daily.