The use of big data analytics in insurance offers significant 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.
Our new report explores these issues, and aims to contribute to an informed and fact-based regulatory debate on access to and use of data in insurance - find out more at the following links:
Full report: Big Data and Insurance: Implications for Innovation, Competition and Privacy
Four-page summary: Research Brief: Big Data and Insurance
