Top 3 insurance risks of wearable technology

Whether it's gaming networks being hacked, or worries that new smart-TVs could be listening to and recording everything we say, the potential for personal and professional data being leaked is increasing.

These potential risks are amplified when it comes to the latest gadget trend - wearable technology. The market for wearable technology has exploded in recent years, with research firm Gartner estimating that more than 68 million products will ship this year alone.

As interest in wearable technology increases, the potential for personal and professional data being leaked is greater than ever. The possibility of wearable technology being underinsured means that brokers need to ensure that the correct level of cover is applied.

This paper studies the top three insurance risks of wearable technology, including risks associated with the launch of the Apple Watch.