Wearable technology may change the nature of workers compensation claims

workers compensation safety month

New breakthroughs in wearables could potentially revolutionize the healthcare industry. Recent advancements in wearable technology are changing the nature of healthcare, especially when it comes to boosting the independence and overall wellbeing of patients who are suffering from serious injuries, which could have some interesting implications for workers compensation claims. The idea is that by using wearables, the insurance industry could greatly benefit in overall claims costs. The workers compensation industry could be able to save a considerable amount on its claims while it greatly improves the quality of life…

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Insurance news is featuring wearable technology at an increasing rate

smartwatches insurance news wearable technology

Many are predicting that wearables could provide the industry with some considerable shakeups. Although the term wearable technology was virtually unrecognized in the mainstream public only a year or two ago, it has now reached the point that it is making regular insurance news headlines because it looks as though it will become popular enough to give the industry quite a shakeup. There are many different kinds of wearables – from smartwatches to smartglasses – that are becoming commonplace. Not too long ago, these devices were seen as something that…

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Smartwatches are the insurance technology of choice for the future of the industry

mobile cloud insurance technology industry

A recent study has shown that business owners feel wearable technology will be the most practical for their needs. Insurance technology has always been a vital part of the industry, from modeling to risk assessment, communication, and a seemingly endless range of other purposes. A recent study conducted by Live Insurance News has shown that when it comes to the devices used by professionals such as agents, brokers, and agency owners, smartwatches are the clear choice for meeting future needs. That said, while smartwatches do appear to be the preference…

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Insurance technology could soon bring wearables into health care

fitbit fitness tracker health care life insurance technology

Fitness and activity trackers are becoming popular and could provide helpful medical data. Just as pay as you drive policies are becoming popular among auto insurers, a new form of potential insurance technology is now becoming increasingly popular along with the trend of wearable devices and gadgets such as smartwatches and fitness bands. This could prove to be exceptionally helpful to the health care industry, and perhaps to insurers, as well. As fitness trackers such as Fitbit become increasingly commonplace, and major smartwatch manufacturers enhance their products with activity monitoring…

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Will auto insurance rates rise because of Google Glass?

Google Glass auto insurance

The popularity of wearable technology and augmented reality glasses could soon have an impact on premiums. In a move that could one day – in the not too distant future – impact the auto insurance premiums that motorists are facing every year, Google is currently lobbying officials in three or more American states to try to put a halt to the proposed limitations for driving while wearing augmented reality glasses and headsets, such as Google Glass. This represents one of the first major legal battles over the AR based wearable…

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