Effects Of Wearable Technology On Google Glass Video
Effects Of Wearable Technology On Google Glass
Wearable Technology: What about it? Home » Wearable Technology: What about it?
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May 24, February 13, Wearable technology has become increasingly popular. These wearable devices, in turn, provide a vast amount of data for the user. To some, that data can be very private and important. From exercise and health habits, to credit card and email information, wearable technology has the ability to hold it all.
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This is where insurance comes into play. Being able to monitor the activity of individuals has already began to change how health and life insurance will be underwritten and priced.
In April of this year, a insurance company introduced new life insurance products that incorporate wearable technology a Fitbit. There are other devices like wearables that can provide the same valuable information about some of your habits, such as the Nest thermostat for your home.
These instruments attach to your car and collect the data available, such as: miles driven per day, average speed, and amount of stops. The more accurately your lifestyle, driving habits, and energy usage can be measured and tracked, the more fairly you will pay for risks services.
Nevertheless, wearables and technology in general are slowly shaping a new path for insurance carriers as they adapt to new risks as well as factor in these money-saving technologies.]
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