Report: Wearable Technology May Help Workers’ Comp Insurers Reduce Claims

A new report asserts that wearable technology may help reduce workers’ compensation claims.

Devices worn by workers that monitor a worker’s physical condition and movements as well as measure and detect surrounding environmental hazards may guide workers away from dangerous situations or from engaging in activities that could result in a severe injury and an expensive workers’ comp claim, according to a report by Conning.

The Conning report, Wearable Technology’s Slow Acceleration to ‘Preserve the Reserve,’ highlights the most prevalent wearable technology devices.

The report also includes a survey of 60 senior workers’ comp insurance executives that highlights sentiment about wearable devices.

The report, which is behind a paywall, also offers executive insights on what is being done to encourage wearable usage among insureds, the potential for future wearable technology adoption and potential adoption obstacles