Discussion post #2- health and wearbles

Kelly Zimmerman

1414 unread replies.1717 replies.

Cited from https://milliman-cdn.azureedge.net/-/media/milliman/pdfs/articles/the_role_of_wearables_in_private_medical_insurance.ashx (Links to an external site.) The_role_of_wearables_in_private_medical_insurance.pdf

"Wearables provide real-time data points that we expect to be detailed and accurate. However, is this really the case? We look at the reliability of real-time data, potential areas of fraud and abuse and whether wearables data can really be considered reliable. We also look at funding considerations when incorporating wearables into an insurance product, alongside other key considerations for the use of wearables data. We found that, whilst wearables data can help insurers gain additional insight into the general fitness levels of its policyholders, the additional data collected might not necessarily improve upon existing claims cost prediction techniques."

This week consider the above research ^^.

Answer the following:

Do you think data collected from 'wearables' should be considered in assessing cost with health insurance?