We look forward to seeing you!
CIPR events are business casual.
For questions or to provide suggestions for future events, contact:
Shanique (Nikki) Hall
Past CIPR Events
Monday, November 13, 2017
12:30 p.m. - 1:45 p.m. Eastern
Wearable devices are an innovation widely adopted by consumers across all demographics, especially millennials. Consumers benefit from these devices, such as Fitbits, because they provide real-time information on the steps they've walked, and the calories they've eaten, etc. Wearable technology can provide a wealth of insight into consumers' lifestyles and behavior. The technology is capable of collecting a variety of detailed information on consumers including video and audio on the driving, eating, sleeping, heart rate, calorie consumption and exercise habits of those wearing them and then communicating this data over computers or smartphones to insurance companies.
Insurers have the opportunity to harness the information from wearable devices to better assess risk and tailor their business approaches across all segments. Some of the potential uses areas within insurance for wearable technology include underwriting, risk management, new product development, workers' compensation and claims management. However, wearable devices amass huge amounts of data and go beyond the broad demographic information insurers*'* have relied upon in the past. While consumers like the potential benefits that wearable devices promise, they do have concerns related to privacy invasion and security breaches.
This webinar will provide an overview of wearable devices, explore some of their benefits and challenges, and discuss their insurance implications. Director Jennifer Hammer (IL) will provide introductory remarks. Dr. James Hilliard, Associate Professor of Finance at Northern Arizona University, will present the history and evolution of wearables and biometrics; and Dr. Michael Hoy, Professor of Economics at University of Guelph, will present on the promise and potential pitfalls of wearables. Following these presentations will be a panel discussion on the implications of wearables in insurance. The panel will include Commissioner Barbara Richardson (NV), Dr. James Hilliard and Dr. Michael Hoy.
The CIPR is collaborating with The Institutes Griffith Insurance Education Foundation on this webinar to provide policymakers with a non-advocative, nonpartisan educational primer program on wearables.
Please email Nikki Hall (firstname.lastname@example.org) if you did not receive instructions on how to login to the webinar.
This program is pre-qualified for Designation Renewal Credits (DRCs). If you currently hold an NAIC APIR, PIR, SPIR, or IPIR designation and are pursuing continuing education credit to maintain it, you may be awarded credits for your participation in this program. To receive your certificate, you must attend the webinar in its entirety and participate in all polling questions.