Health insurers' game-changer 10 disruptive digital business models
Wearable Technology for Health Monitoring
Wearable devices, such as fitness trackers and smartwatches, are providing insurers with real-time data on policyholders' health. This data allows insurers to offer dynamic pricing models based on lifestyle and health metrics, incentivizing healthier behavior. The global wearable technology market is expected to reach $118.16 billion by 2028, highlighting its growing influence5.