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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Insurance technology could soon bring wearables into health care
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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