The report, Big Data and Insurance: Implications for Innovation, Competition and Privacy, says that individuals, businesses and regulators will all be faced with ‘complex trade-offs’ when it comes to the large-scale harvesting of personal data for the calculation of insurance premiums.
A new report from the Geneva Association analyses the benefits and potential risks of the use of big data analytics in the provision of insurance.
https://www.itij.com/story/114040/big-data-%E2%80%93-cost-benefit-analysis
