tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, November 26th, 6:38PM

Insurance

rss
Latest Headlines

Adviser explores what it will take to engage consumers

A New Zealand insurance adviser is working on research to determine how much of a discount insurers will have to offer to make customers think it’s worthwhile sharing their activity tracker data.

Monday, November 27th 2017, 9:00AM

Upmeet Sodhi, an adviser at Mutual Solutions, is doing a master’s thesis through Massey University on the optimum premium discount percentage to encourage policyholders of life and health insurance companies to increase their physical activity and to promote sharing of their activity information with insurers using fitness trackers.

Sodhi said about 30% of insurance companies around the world offered discounts to people who used activity trackers and showed consistent levels of activity.

“But not many people engage, maybe because whatever they are offering is too little or too vague.”

Sovereign in New Zealand offers benefits to people who use activity trackers through its Healthy by Sovereign programme.

“Insurers do not understand, if consumers are willing to increase their physical activity and overcome perceived risks of privacy in exchange of premium discounts they offer,” Sodhi said.

He said, done well, such policies should be a win-win for insurers and consumers. More activity should improve clients’ health and help companies have fewer claims, which would help to reduce premiums.

As part of his research Sodhi is conducting a survey, to which he is seeking responses. You can click the link here to access it.

Tags: health insurance Insurance Advisers Life insurance Massey University\ Sovereign

« New people at the People GroupInnovation 'not just digital' »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Chubb's latest champion
Young maths prodigy takes out actuarial award.

New book: Unlocking group insurance
Christchurch adviser Corey Williams has released a new book helping advisers and employers put group insurance schemes in place.

Insurer gets warning from RBNZ
Geneva Finance's insurance subsidiary Quest Insurance been given a warning from the prudential regulator.

Big Shout Out
We wanted to give a Big Shout Out to Jack Newman for his fund raising efforts over the weekend.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com
x