Big Data Analytics consultation by IAIS

The IAIS has published a draft issues paper on the use of Big Data Analytics in Insurance.

The draft issues paper focuses on potential benefits and risks to consumers of the use of personal and other data by insurers arising from increased digitisation. In particular, the paper reviews sources, collection methods and processing of data by insurers, and considers the consequent use of data by insurers across the product lifecycle.

Feedback on the draft issues paper is invited until 16 October 2019.

Emma Radmore