An Early Look at Wearables for Life & Living Benefits Insurance

“Wearables” are electronic devices worn on the body that generate, store and electronically forward biometric data in real time to smartphones, tablets, laptops or other electronic devices.

The Rise of Wearable Technology – What Does it Mean for the Insurance Market?

Whether it’s measuring fitness, activity, sleep or even stress levels there is a growing market for fitness wearables and sports trackers that has got our industry thinking about whether the data from these devices can be used to underwrite people; effectively rewarding the fittest, healthiest lives by reducing their premiums.

Wearables in Insurance: Balancing Value and Vulnerabilities

We hear a lot about wearables these days … smart watches, glasses, fitness trackers, helmets, and a myriad of other smart devices. These wearables incorporate sensors and chips for data collection, real-time analytics, gamification, and other features. But as the use of wearables increases, so do the concerns about security.

Life Carriers Lag Behind In Customer Tech Support

These days, people can bank through their smartphone, trade stocks online and instantly view their investments – all thanks to the latest Internet and mobile technology.

Unfortunately, the same can’t be said about life insurance.

The Future of Underwriting: A Reinsurer Partner’s View

This interview with Joe Gilmour appears on page 26 in the latest issue of the SOA’s Product Matters newsletter. Also featured in this issue: Underwriting Issues and Innovation (page 17).

Lincoln Financial Taps Third-Party Data for Faster Underwriting

Many prospects for life insurance are turned off by the perception that the application process is long and invasive. Lincoln Financial Group is using big data to make it a little easier.

What is the Future of Straight Through Processing?

As you read all the latest statistics in life insurance, annuities and long term care insurance from sources like LIMRA1, they all point to four key trends.

Big Data a Big Deal? For Many U.S. Life, P&C Insurers, Not Yet

Business intelligence and analytics are top priorities for insurers, and their capabilities, which have grown in importance to industry in recent years. But the carriers have fewer “grand plans” for big data than they did in 2013, the last time Novarica polled CIOs on this topic.

Beyond Big Data (Contingencies)

Big Data. The term has become synonymous with strategy, innovation, sophistication, and the general advancement of using more information to improve decision-making.

Insurers Get the Measure of Wearable Tech

Ever considered wearing clothing that monitors your heart rate and helps reduce stress? It’s not so far-fetched - something similar is already patented. Along with telematics, “wearables” like this belong to the fast-expanding group of Internet-connected tools known collectively as Usage Based Devices (USB).

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