Big data and insurance: Implications for innovation and privacy

The use of big data analytics in insurance offers societal benefits, as improved understanding of risks can inform risk reduction and enhance insurability. However, individuals, firms and regulators face complex trade-offs when balancing the benefits and risks of using personal data from digital sources to calculate insurance premiums. Framework for scenario development Policy choices The research report of The Geneva Association highlights that the societal and regulatory debate about the appropriate use of personal data … More

The post Big data and insurance: Implications for innovation and privacy appeared first on Help Net Security.

You may also like...