A week ago, Apple announced a redesigned smartwatch that could track heart data, run EKGs, and even detect atrial fibrillation, promising that it would save lives. Today, one of America's biggest insurers killed its traditional life insurance policies, replacing them with "interactive" insurance that encourages users to use such devices and share the data with them to get perks.
These are already available, but will soon be the only option on John Hancock's menu.
Policyholders score premium discounts for hitting exercise targets tracked on wearable devices such as a Fitbit or Apple Watch and get gift cards for retail stores and other perks by logging their workouts and healthy food purchases in an app.
Privacy and consumer advocates have raised questions about whether insurers may eventually use data to select the most profitable customers, while hiking rates for those who do not participate. The insurance industry has said that it is heavily regulated and must justify, in actuarial terms, its reasons for any rate increases or policy changes.
"It is too early for John Hancock to determine if it is paying fewer claims because of its Vitality program," the company reports. But the writing is on the wall for those who can hide from their own health—and hide it from others. You'll need more than a lock of Jude Law's hair if you're going to get on that flight, Vincent.
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Who wouldn’t want to buy a telescreen from Facebook, the least-trusted privacy merchant on Earth, so that they may be placed around the house? The obviously despised Facebook Portal will now be half-price, reports Matt Navarra. Details: No, you’re not misremembering the details from that young adult dystopian fiction you’re reading — Facebook really does […]
Time 4 Machine is a Ukrainian design shop led by Denis Okhrimenko; their latest project is "The most beautiful construction set in the world", a set of thin steel parts that you bend together to make (yes) beautiful mechanical models: a business-card case, a tractor, a working clockwork timer, a vintage sportscar, a springpowered cabriolet, […]
Seasoned chefs have a bit of a love-hate relationship with their cutlery. A really good set of knives has to prove its worth by being put through the wringer – and if they’re really good, they’ll still look great afterward. So it is with the Damasukasu Japanese 3-Piece Master Chef Hanshu Knife Set. Sitting in […]
With the intuitive software out there today, anyone can become a music producer. You’ve probably heard that from any number of laptop impresarios, but you still have to know how to use the tools – and Logic Pro X is one of the best platforms out there right now. In order to get the most […]
Believe it or not, PDF files have been the go-to format for contracts and forms of any type since 1993. And sure, they’re easily shareable – but that’s about it. When you need to edit or sign a document – and you will – that’s when frustration can set in. Luckily, there are workarounds, and […]