Insurance industry awaits impact as regulators grapple with data privacy
June 22, 2022 by John Hilton
Editor’s Note: This is the first in an ongoing, occasional series on the impact of big data on the insurance industry.
Major insurance carriers sit on a treasure trove of big data, with endless possibilities to sharpen actuarial risk projections and target financial products more narrowly to millions of consumers.
But there are big risks, too.