It seems like wearables are everywhere. Watches, fitness bands, helmets, glasses, shoes even tattoos and Band-Aids. If you can imagine it, there is probably already a company selling it. A Google search on wearables returns over 25 million results. They’re in the news. They’re the hot topics of conversations at the gym, the office, the dinner table, and the local soccer match. And the implications for insurance are significant. Insurers are closely following the developments, experimenting with the technologies, and starting to incorporate wearables into strategies and products. But the question that many in the industry are asking is whether wearables present great new opportunities, or are they just more new technologies that introduce new risks? Will wearables be a gold mine or a gamble for the insurance industry?
The (Google) Glass Half Full
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