Publication Date: 14th March 2018
The use of big data in insurance raises concerns around privacy, innovation and competition, which require intricate value judgements. The paper discusses the societal and economic benefits from the use of big data analytics in insurance and the key concerns that have been raised in public and regulatory debate. It also identifies the key trade-offs deriving from the enhanced use of personal data in insurance.
Also of interest:
Four-page research summary: Research Brief: Big Data and Insurance