Findings from University of Malta Yields New Data on Risk Management (Insurance and Wearables As Tools In Managing Risk In Sports: Determinants of Technology Take-up and Propensity To Insure and Share Data): Risk Management

2021 OCT 29 (NewsRx) -- By a News Reporter-Staff News Editor at Sports Research Daily -- Researchers detail new data in Risk Management. According to news reporting from Msida, Malta, by NewsRx journalists, research stated, “Sports participants are actively adopting wearables to measure their performance but they can also be used to minimise and control risks. We investigate and compare the results of 272 runners and 265 soccer players to determine the current use of wearables as well as the propensity to purchase insurance services that are coupled with the wearable technology.”

The news correspondents obtained a quote from the research from the University of Malta, “This includes an inquiry into the factors that determine people’s readiness to share data with a potential insurance carrier. We use a Logit function to show that soccer players are more likely to purchase insurance as a means of protecting future income, especially at a younger age. We also find that perception of and experience with technology are key determinants of the use of wearables and the disposition to share insurance data for both cohorts. Wearables are also more likely to be adopted if offered at a lower pricing point.”

According to the news reporters, the research concluded: “Finally, both cohorts are more likely to share their data with an insurer if they have a positive perception of the insurance industry and its products.”

This research has been peer-reviewed.

For more information on this research see: Insurance and Wearables As Tools In Managing Risk In Sports: Determinants of Technology Take-up and Propensity To Insure and Share Data. The Geneva Papers on Risk and Insurance - Issues and Practice, 2021. The Geneva Papers on Risk and Insurance - Issues and Practice can be contacted at: Palgrave Macmillan Ltd, Brunel Rd Bldg, Houndmills, Basingstoke RG21 6XS, Hants, England.

Our news journalists report that additional information may be obtained by contacting Dominic Cortis, University of Malta, Fac Econ Management & Accountancy, Dept. of Insurance, Msida, Malta. Additional authors for this research include Brandon Saliba and Jonathan Spiteri.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1057/s41288-021-00250-6. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

(Our reports deliver fact-based news of research and discoveries from around the world.)