Life Insurance Underwriting (R)evolution in the Age of the Internet of Things

Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
Vendor requires PRO subscription to activate this feature
Requires research subscription, contact Celent for more info
24 November 2014
Tom Scales


Life insurers have underwritten prospective insureds using the same information and methodology for generations. In this report, Celent looks at an approach called Post-Issue Underwriting. The question is whether information available from new sources, including wearables and implantable sensors, would enable an insurer to perform continuous underwriting after the issuance of the policy.

Respondents to our survey weigh in on the validity of the concept and the level of acceptance and benefit available in the industry and to the customer.

In addition the respondents shared their beliefs on what data would be appropriate and the level of trust they would place in various sources of data.

“Our research shows that insurers are interested, but perhaps not ready for the concept,” says Tom Scales, research director of Celent’s Life, Annuity, and Health Insurance practice and author of the report. “As wearables and sensors become more common, as Internet users age, it will be interesting to see if this changes.”

This 22-page report contains nine figures.

Insight details

Special Interest
Innovation & Emerging Technology
Content Type
Report Type
Technology trends
North America
Subscription categories
Insurance, Life/Annuities Insurance