Wearable Technologies and Insurance

Report Summary

Wearable Technologies and Insurance

Tom Benton
Strategic Advisor

April 2014 - 2014 promises to be the year of wearable technology, building on the success of recent devices such as the Pebble smartwatch and Fitbit, Nike and Jawbone fitness tracking bands. Google, which already offers the Glass headgear wearable, recently announced Android Wear, an extension of the Android mobile operating system for wearable devices. Several manufacturers are planning to introduce new devices based on the extension. With devices becoming more accessible to consumers, companies are finding innovative ways to use the devices for interaction and data collection. This brief explores the capabilities and impact of wearables for the insurance industry.

 

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