Is there a future of telematics in travel medical insurance

While telematics is being used primarily in the auto insurance field, there has also been many advances in body metrics hardware over the past several years.  In most instances, these wearable monitors collect information such as heart rate, physical activity and calories burned.

In the not too distant future, there may be telematics applications for health insurance, including travel medical insurance. The information collected would be used to determine a premium based on the insured person’s lifestyle and health condition. While not cost effective for short trips, there may be some utility in the “snowbird” market or perhaps with annual plans.

The article highlights that the majority of consumers (perhaps only “drivers” were canvassed) would entertain the use of telematics devises if it resulted in a premium discount.

See article here