The Growing Impact of Wearables on Digital Health and Insurance [Presentation]
Wearable devices allow us to track levels of physical exercise. Being able to share fitness goals and achievements across social networks has fueled a boom in the market for gadgets such as smart watches and wristbands.
This development also reflects an increasing desire to know about and manage our own health. Fitness trackers are just part of a digital health revolution. Consumers are now turning smartphones into storage hubs for data such as heart rate, sleep patterns, diet, mood and social interaction.
This trend hasn’t gone unnoticed by health professionals, who are also using smart or implantable devices linked to the Internet of Things for patient monitoring, diagnostics and drug delivery.
The uptake of technology by consumers and healthcare providers means biometric data can become more personalised and precise. Soon data generated through wearables and software apps will be used to augment personal electronic health records.
For insurers technology that links up personal health metrics could allow new product and distribution ideas. This Slideshare takes a look at a growing trend in digital health and its potential impact on the way insurers manage protection business.