Wearable Device Data in Life-Insurance Pricing
Introduction
Wearable devices tracking health metrics offer insurers real-time health data improving life insurance underwriting accuracy.
Data Integration and Health Metrics
Platforms aggregate wearable data (activity levels, heart rate patterns, sleep quality) providing health assessments supporting pricing decisions.
Fairness and Access Considerations
Wearable-based pricing must avoid discrimination against those unable or unwilling to provide data.
Conclusion
Wearable data improves life insurance risk assessment while managing fairness concerns.