Workforce Wearables: New Use of Big Data for Insurers
By: Mark Frederick, Co-Founder & Chief Technical Officer of MākuSafe®
Workplace wearables can go beyond biometrics and fitness, tracking useable data that’s relevant to employee safety and focuses on the environment around an employee, not the employee themselves. This data includes things such as environmental conditions and slips, trips and falls, providing a more complete picture of workplace risk. With this data, manufacturers and industrial organizations can better understand trends and create efficiencies and insurance carriers can target, select and price risk more specifically for policyholders and accelerate time to value on policies.