UAE – Wearable technology transforms insurance
Tuesday, 12 19 2017, Category: Technology, Country: U.A.E
Insurance companies in the UAE and the Middle East are trying to follow the developments in digital technology especially wearable technology such as smart watches and other elements of the wearable technologies of which the market is expected to reach USD 34 billion by year 2020 according to Mr. Mohammed Al Hawari, Managing Director and Board Executive of Takaful Emarat.
Moreover, Mr. Al Hawari told “Al Ittihad” that more that 80% of customers prefer digital channels and obtaining service remotely (including electronic chat, email or applications) when dealing with insurers or intermediaries according to a report published by Ernst & Young on the customers of insurance services.
Source: Al Ittihad