Some insurers offer loyalty discounts and premium savings based on healthy lifestyles or smart monitors for patients with diabetes or high blood pressure to avoid costly medical and disability claims. There is great potential to extend the use cases to niche areas (e.g., sustainable elderly care through connected ecosystems)
Goals and Objectives
Leverage sensorbased technologies to monitor heart rate, blood pressure, and glucose levels to provide realtime personalized advice, coaching, and incentives. Invest in a partnership ecosystem of real estate firms, sensor manufacturers, home assistance, and security providers to maximize the benefits. Employ evidencebased loss prevention to enhance virtual and preventative care for elderly.
IoT, wearables, Big Data, Mobile technologies, Cloud, Advanced analytics, Cognitive technologies, Next-gen security, Persuasive technologies, AI
Use Case Summary
Use sensor-based technologies to enable proactive risk management using real-time monitoring, tracking, and offering timely advice