Business Moment: Using Wearables to Transform Life Insurance From Protection to PreventionLaurie Shotton
The proliferation of data and connected devices, particularly wearables, will continue to make it easier for life insurance companies to play an active role in shaping customer health—to everyone’s benefit. Armed with this information, life insurance companies can provide well-timed, pers...
So, how these wearables can be integrated into the construction industry to make the lives of workers safe? Insurance company The Travelers Companies announced a collaboration with Gilbane, a large contractor company, and Triax Technologies, a provider of IoT construction technology, to explore the...
And while biotech companies (69 percent) and medtech companies (67 percent) are seen as strong drivers, respondents did not feel that patients and insurance companies were among the driving forces of digital transformation. Figure 3: Who do you see as the drivers and initiators of digital ...
VitalityLife is successfully tapping into a wealth of consumer data it acquires through health assessments and wearables that record fitness levels, and using advanced analytics to improve underwriting and influence customer behavior. Vitality’s program, a direct marketing innovation, has also been effec...
Predictive analytics can help companies reduce the cost of customer acquisition by optimizing the results of marketing campaigns, ensuring Realizing the Benefits of Big Data and Wearables in Life Insurance that companies get the biggest bang for their marketing buck. In addition, the insig...
The Health Insurance Portability and Accountability Act (HIPAA) sets the standard for the companies that deal with protected health information (PHI). It requires them to have physical, network, and process security measures in place. Remote Healthcare The Health Insurance Portability and Accountability...
The market opportunity in healthcare is huge, and Apple sees healthcare and wellness as a core part of its app, services, and wearables strategies. Now the company is aiming to become your personal health record, jumping into research, medical devices, and more. Research Brief January 8, 201...
Insurance Life Sciences Wrist-Worn Cancer Detection? Verily Patent Points To Non-Invasive Diagnostics System The CB Insights Cruncher picked up Verily's newest patent, which highlights a wearable, non-invasive diagnostic test and health monitor.|The CB Insights Cruncher picked up Verily's newest pa...
According to a recent survey conducted by healthinsurance.com, more than 60% of Americans aged 65+ are open to using telehealth. More than 40% of respondents said they had used telemedicine solutions since the start of the pandemic, with 30% saying they had used it once a month. Moreover...