Wearable Technology’s Effect on the Insurance Industry

From Google Glasses to tattoos embedded with computer chips, wearable technology is increasing in use. In a recent survey, Strategy Meets Action found only 3% of insurers are actively using wearable technology while 22% are developing a strategy for using the technology. Uses for wearable technology include return to work issues, catastrophe claims and marketing, but all the benefits may come with a price to customer privacy. Read more about the survey and current uses of the wearable technology industry.http://www.insurancejournal.com/news/national/2015/05/06/367014.htm