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Wearable devices may soon win insurers’ nod

Wearable devices may soon win insurers’ nod
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Insurance regulator IRDAI has constituted a working group to examine the use of wearable and portable devices in the insurance framework. The 10-member group will evaluate how technological advancements, particularly in wearable and portable devices, such as Fitbits or Apple Watches, may be treated from a “point of view of risk improvement, risk assessment and use/distribution of such devices as part of policy design.”

Read the full story at http://www.thehindu.com/business/wearable-devices-may-soon-be-part-of-insurance-framework/article21291340.ece

SOURCE: The Hindu

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