Page 32 - Insurance Times July 2023

Wearable Tech and

Insurance:

Transforming

Personalized Rohit Boda
Group Managing Director
J. B. Boda Group
Insurance Solutions

The popularity of wearable tech has skyrocketed as people increasingly prioritize their health and
well-being. These devices allow users to monitor their daily activities, such as steps taken, calories
burned, heart rate, and sleep patterns. They provide valuable insights into fitness progress, enabling
individuals to set goals and track their performance.

n recent years, wearable tech has emerged as a aims to facilitate Actofit's growth and innovation. This
I transformative force in the world of technology. These collaboration represents a significant milestone for both
innovative devices, designed to be worn on the body,
organizations, creating new opportunities for market
have not only revolutionized our lives but have also expansion and disrupting the industry. Actofit's expertise in
opened up new possibilities in various industries. From fitness advanced healthcare services and wearable devices
trackers and smart watches to augmented reality glasses complements J.B.Boda’ s strategic vision, strengthening their
and smart clothing, wearable tech has become an integral ability to offer comprehensive insurance solutions.
part of our daily routines.
The popularity of wearable tech has skyrocketed as people
At the core of the health tech revolution lies the integration of increasingly prioritize their health and well-being. These
technology and biology. Actofit, a prominent player in the devices allow users to monitor their daily activities, such as
industry, has successfully harnessed this synergy to develop a steps taken, calories burned, heart rate, and sleep patterns.
range of cutting-edge fitness products. Their smart scale, They provide valuable insights into fitness progress, enabling
wearable devices, and impulse workout tracker enable users to individuals to set goals and track their performance. Smart
track various body composition parameters, exercise routines, watches, in particular, have transformed the way we interact
heart rate, and sleep patterns. By providing comprehensive with technology by offering features beyond just telling time.
health data, Actofit empowers individuals to embark on their They focus on improving health monitoring capabilities and
fitness journey armed with the necessary information. expanding app ecosystems in the health tech industry,
thereby significantly contributing to a healthy and fulfilling
Recognizing the immense potential of health tech, RB lifestyle through various features and functionalities.
Ventures and J.B.Boda Group, India’s first multinational Wearable tech can monitor fitness levels, set goals, and
Reinsurance broking house and a leading insurance solution provide real-time feedback on progress. These devices offer
provider, have joined forces with Actofit to support their motivation for individuals to stay active and make informed
visionary approach. Through a strategic fund raise, J.B.Boda decisions about their well-being, leading to improved

The Insurance Times July 2023 29