Until now, it was thought that wearable devices collected data about the lifestyle of the owner can be useful mainly for application that allows you to form recommendations for improving the work and rest, as well as to optimize training. However, according to the publication Computerworld, insurance companies can adopt a long proven techniques in the segment of auto insurance and life insurance customers, with assistants in this act just wearable device.
Insurance companies not the first year proposed for motorists to save some amount to pay for insurance, establishing a certain period special device takes into account the manner of driving the car owner and routes. Analyzing further Statistics, the insurance company with the help of special algorithms calculate the risks inherent in a particular car owner.
The role of such a recorder for insurance companies in the case of life insurance customers can play wearable devices, as many of them allow to log the performance of physical activity and other parameters of life such as heart rate and the number of steps you've walked. People leading a more active lifestyle, to a lesser extent at risk of certain conditions, and therefore the cost of insurance for them can be reduced.
John Hancock insurance company already offers owners of smart bracelets FitBit, willing to share data about their activities, discounts on life insurance in the amount of up to 15%. Rewards Program allows to accumulate bonus points for a healthy lifestyle, which can then be used to pay for insurers, reservation and payment service airlines.