HEALTH AND WELLBEING
SETTLEMENTS AND CLAIMS
POLICY DEVELOPING AND TAILORED INSURANCE
harnessing the extensive experience of their industries in combination with the added power and insight provided by Big Data collection and analysis .
HEALTH AND WELLBEING
IoT-powered wearables are having a huge impact on the personal health insurance space . In the same way that telematic monitors in vehicles can track customer behaviour to reward safe driving habits , devices like the Fitbit and Apple Watch ’ s Health App can track and promote healthy behaviour , leading to lower premiums . The data gathered in this individualfocused manner allows insurance plans to be customised to the behaviour and health on a person-byperson basis .
Companies like AliveCor offer devices like the KardiaMobile , a personal EKG monitor that allows cardiovascular health data to be shared remotely with health professionals and insurers . UK-based insurer Vitality offers premium discounts based on the activity points that can be earned via use of Apple watches and demonstrated activity levels .
SETTLEMENTS AND CLAIMS
Traditionally , the claims process is a long and arduous one , as adjusters assess the claim and determine liability to see whether a payout is justified . Today , by using mass data gathering to segment and analyse claims quicker using AI . In some cases , companies have been able to fully automate the claims process .
POLICY DEVELOPING AND TAILORED INSURANCE
The increased personalisation of insurance has been touched on several times already above . The trend itself is one that isn ’ t confined to insurance , as companies around
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