insurance

A life insurance company is offering the Apple watch for just $25 to customers. The catch is that they will have to meet health goals as tracked by the watch to be eligible for the discount. The smart watch connects wirelessly to an iPhone and has ... two main uses (besides telling the time): displaying information so that users don't have to retrieve their phone, and tracking activity for fitness apps. Normally the latest model costs at least $329, so the offer from John Hancock insurance is a significant discount. It's only eligible for people who take out life insurance and sign up for ... (view more)

Facebook has blocked plans by a British insurance company to use customer posts on Facebook to help determine motor premiums. Admiral Insurance claims no customers would have lost out from the policy. The plan was for customers to give the insurer ... automated access to their Facebook posts (but not photographs) to help decide whether to offer discounts. It would have been aimed mainly at young drivers who had no insurance history to show if they were safe or dangerous drivers. Language Could Indicate Risk Factors The precise details of the algorithm to figure out risk are confidential, but it ... (view more)