Below, we outline five of the most common wearable devices and provide popular examples of each.
The pandemic expedited wearable technology adoption and heightened the role it plays in healthcare. Wearables usage was already rising pre-pandemic as consumers gravitated to the idea of monitoring their own health, and it continued to skyrocket in 2020 as newer devices came into the market, with enhanced features focusing on health. More than 20% of the US population will use a smart wearable device this year. Insider Intelligence
According to our estimates, more than one-fifth of the US population is expected to use a smart wearable device this year, as the behavior to monitor health amid the pandemic continues to grow. Below, we outline five of the most commonly used wearable devices.
Brands are leveraging social media checkout and shopping integrations as tech-savvy consumers engage with social commerce more often.
Insider Intelligence s Social Commerce 2021 report dives into top social commerce trends and strategies. You can purchase this report here.
The immediacy and convenience of online shopping has led to massive growth in ecommerce and social distancing and stay-at-home orders amid the coronavirus pandemic further propelled its popularity. According to an Insider Intelligence forecast, the average time spent per day with social networks increased from 56.23 minutes in 2019 to 65.44 minutes in 2020. US retail social commerce sales will reach $36.09 billion in 2021. Insider Intelligence
The rise in ecommerce combined with the 16.4% growth in social media usage year-over-year encouraged companies to turn to influencer marketing and user generated content to promote brand awareness. And as
Automated underwriting is being used by insurance companies to streamline the underwriting process. Business Insider Intelligence
Insurance companies that leverage advanced technology to automate the policy underwriting and risk assessment process will likely remain atop the list of their competitors. The process of streamlining insurance underwriting is known simply as: automated insurance underwriting.
We ve broken down how this process works, while noting how some companies are already reaping the benefits throughout the insurance value chain.
What is automated insurance underwriting?
Automated insurance underwriting is the process where robotic process automation (RPA) and artificial intelligence (AI) software underwrites the risk of potential clients. The advanced tech uses AI and machine learning (ML) to evaluate risk, decide how much coverage the client should receive, and how much they should pay for it.