Big data competitors and risk in the world of insurance
As new players enter the insurance game, it’s not just the pieces that are changing. It’s the entire board.
The quality and quantity of data is leading to a new risk evaluation model for insurers, one that uses current data to predict future risk. With this new data also comes a new set of ethical considerations. And as insurers are adapting to these changes, they should also be reconsidering the way they manage their own organisational risk.
In this ebook you’ll explore:
- How big data enables new, non-traditional competitors
- Adapting to traditional risk assessment to new data
- Ethical considerations of new data
- Managing organisational risk