Wearable technologies won’t wash!

February 01, 2018 Tom Murray

protection wearable technology smart technology smart watches smart rings

Wearable technologies won't wash! This article was originally commissioned for the January 2018 edition of the Actuarial Post.   The key to developing good protection products is to have a strong underlying base of data from which to deduce what the correct rates should be. This allows the life assurers to provide the maximum protection for the consumer without bankrupting themselves. Traditionally, this comes from large data sets assembled by experts giving broad categories into which the consumer was placed. The resulting calculations enabled accurate estimates to be made, assuming the sales to each broad category were sufficiently strong. The advent of new technology, in the form of wearable technology such as watches and wristbands that measure exercise and vital signs, was supposed to bring about a new era of personal life assurance.
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Actuarial Post: Smart glasses will change the face of Protection

September 10, 2014 Tom Murray

protection protection policies UK smart watches wearable technology

This article was originally commissioned for the July edition of the Actuarial Post.
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