Get ready for insurance companies as life coaches, athletic trainers and big brothers knowing your every move. Here is a glimpse into the future from
Curt Nickisch writing at Common Health:
John Hancock Financial on Wednesday became the first U.S. insurer to offer discounts to policyholders who wear Internet-connected fitness trackers. Sign up for a new life policy today, and the company will send you a Fitbit, one of those bracelets that tracks your steps.
The more you exercise, the bigger discount you get on your insurance premium, up to 15 percent. ...
Analysts expect other insurance companies to follow John Hancock’s lead into wearable technologies and gamification. But will it work? Will more policyholders take up Jazzercise and the Insanity Workout to improve their position on the actuarial table? ...
